Providence Health & Services and Premera Blue Cross reinstate contract

Providence Health & Services and health insurer Premera Blue Cross signed a letter of agreement Monday, nullifying the organizations’ previous decision to forgo a contract renewal, The Seattle Times reports.

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Renton, Wash.-based Providence and Mountlake Terrace, Wash.-based Premera said they would not renew a contract in July after the two disputed rates and other terms. Up to 500,000 individuals would have been out-of-network Jan.1 had a new contract not been resolved. Providence’s Seattle-based Swedish Medical Center, Richland, Wash.-based Kadlec Regional Medical Center, Seattle-based Pacific Medical Centers and their physicians and clinics would have been out-of-network with all Premera policyholders. 

No details of the new contract were released, according to the report. 

Premera will offer plans for open enrollment this November. 

More articles about payer issues:
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