Hartford, Conn.-based Aetna and Boston Children's Hospital have resolved their dispute over reimbursement rates, according to The Boston Globe.
Last week, The Boston Globe reported the insurer and Boston Children's would end their contract Feb. 15 if they couldn't settle their dispute. Boston Children's Hospital bought Hawthorne, N.Y.-based Children's and Women's Physicians of Westchester, a for-profit group, in 2015. Boston Children's wanted higher physician rates to "reduce the reimbursement gap" between it and its competitors. Aetna claimed these rates were too high.
But now the organizations have solved the problem. "We look forward to our continued relationship with Boston Children's," said Aetna spokesman Walt Cherniak, according to the report.
Boston Children's Hospital responded in a similar manner. "Boston Children's Hospital is pleased that we've reached agreement with Aetna assuring no patient will have care from their preferred caregiver interrupted," said hospital spokesman Rob Graham, according to the report.
The Boston Globe did not disclose whether reimbursement rates will change.
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