Tenet Healthcare and Humana announced Tuesday they have signed a multi-year contract that provides Humana members in-network access to Tenet's hospitals, outpatient clinics and physicians.
The contract, which runs through May 2023, was among those Tenet CEO Ron Rittenmeyer announced at last week's J.P. Morgan Healthcare Conference in San Francisco. He also announced a new contract with Anthem that runs through December 2022.
Rittenmeyer also highlighted the company's new multi-year contract with Cigna Corp., which he said runs through 2021.
"Those are very important contracts," he told Modern Healthcare in an interview following his presentation. "That puts us at about 92% contracted for 2019, which is very good."
The Humana contract is an early renewal signed "well in advance" of the previous contract's expiration, Tenet spokeswoman Lesley Bogdanow wrote in an email.
Dan Cancelmi, Tenet's chief financial officer, told investors at last week's conference that the rates in all three contracts are consistent with the company's expectations. And while Tenet has had conversations with insurers about incorporating value-based arrangements into the contracts, he said that is "not a material part of the business."
George Renaudin, Humana's senior vice president, said in a statement that the new contract with Tenet reflects Humana's ongoing commitment to providing a broad range of high-quality healthcare options for its members.
Tenet and Humana have a history of contract disputes, having gone out of network in the past. Tenet announced in the first quarter of 2017 it had signed a new contract with Humana that restored members' in-network access to Tenet providers.
