Press release from Business Wire
Tenet and UnitedHealthcare Sign Multi-Year Agreement
Tuesday, July 29, 2014
Tenet and UnitedHealthcare Sign Multi-Year Agreement08:30 EDT Tuesday, July 29, 2014
DALLAS (Business Wire) -- Tenet Healthcare Corporation (NYSE:THC) and UnitedHealthcare, a UnitedHealth Group company (NYSE: UNH), have completed a new, three-year agreement providing United Healthcare'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.
“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. “Across our organization, our caregivers strive to deliver quality outcomes and help people live happier, healthier lives.”
The new agreement is effective August 1, 2014. With this agreement, Tenet has completed the renegotiation of all contracts with national commercial payers to include every former Vanguard facility and employed physician.
“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 offers 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.”
Tenet Healthcare Corporation, a leading healthcare services company, through its subsidiaries operates 79 hospitals, 193 outpatient centers and Conifer Health Solutions, a leader in business process solutions for healthcare providers serving more than 700 hospital and other clients nationwide. Tenet's hospitals and related healthcare facilities are committed to providing high quality care to patients in the communities they serve. For more information, please visit www.tenethealth.com.
This release contains “forward-looking statements” – that is, statements that relate to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance and financial condition, and often contain words such as “expect,” “assume,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” or “will.” Forward-looking statements by their nature address matters that are, to different degrees, uncertain. Particular uncertainties that could cause our actual results to be materially different than those expressed in our forward-looking statements include, but are not limited to, the factors disclosed under “Forward-Looking Statements” and “Risk Factors” in our Form 10-K for the year ended December 31, 2013, and in our quarterly reports on Form 10-Q, periodic reports on Form 8-K and other filings with the Securities and Exchange Commission. The information contained in this release is as of the date hereof. The company assumes no obligation to update forward-looking statements contained in this release as a result of new information or future events or developments.
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Tenet Healthcare Corporation
Steven Campanini, 469-893-2640
Thomas Rice, 469-893-2522