UnitedHealthcare, a UnitedHealth Group company (NYSE: UNH), and Tenet Healthcare Corporation (NYSE:THC) have completed a new, three-year agreement providing UnitedHealthcare’s Commercial and Medicare Advantage members with in-network access to Tenet’s 79 hospitals, 193 outpatient centers and more than 1,800 employed physicians throughout the country. The new agreement is effective August 1, 2014.
“This agreement provides consumers uninterrupted access to quality care in their local communities,” said Dan Rosenthal, President of UnitedHealthcare Networks. “We are pleased to renew this national contract with Tenet which gives our members access to providers focused on driving care improvements and offers competitive reimbursement rates, a portion of which, importantly, rewards Tenet for achieving certain quality measures.”
Today, UnitedHealthcare has more than $30 billion of its total reimbursements to hospitals, physicians and ancillary care nationwide tied to accountable care-related initiatives, and expects to increase that to $65 billion by the end of 2018.
“UnitedHealthcare is one of our largest customers, and we are pleased its members will have continued access to our high-quality, high-value services,” said Clint Hailey, chief managed care officer at Tenet Healthcare. “Across our organization, our caregivers improve clinical outcomes and help people live happier, healthier lives.”
UnitedHealthcare is dedicated to helping people nationwide live healthier lives by simplifying the health care experience, meeting consumer health and wellness needs, and sustaining trusted relationships with care providers. The company offers the full spectrum of health benefit programs for individuals, employers and Medicare and Medicaid beneficiaries, and contracts directly with more than 800,000 physicians and care professionals, and 6,000 hospitals and other care facilities nationwide. Globally, UnitedHealthcare serves more than 45 million people in health benefits and is one of the businesses of UnitedHealth Group (NYSE: UNH), a diversified Fortune 50 health and well-being company.