Tenet Announces New Agreement with Blue Cross and Blue Shield of Illinois
January 19 2012 - 9:30AM
Business Wire
Tenet Healthcare Corporation (NYSE:THC) today announced that it
signed a new multi-year agreement with Blue Cross and Blue Shield
of Illinois, which will become effective March 1, 2012.
Under the new agreement, Blue Cross and Blue Shield of Illinois
members will have access to health care services at Des Peres
Hospital and Saint Louis University Hospital in St. Louis, Mo., as
well as Tenet-owned outpatient centers and Tenet Physicians Inc.,
which contracts for physicians employed by various Tenet
subsidiaries. Financial terms were not disclosed.
This marks the first time that Tenet has entered into a direct
agreement with Blue Cross and Blue Shield of Illinois (BCBSIL).
According to Tenet, this agreement gives residents in Illinois
access to Saint Louis University Hospital and Des Peres Hospital
without going through another network with the associated higher
incremental cost.
Saint Louis University Hospital is a Level 1 trauma center
licensed to serve critically ill and injured patients from both
Missouri and Illinois. The hospital serves as the academic teaching
hospital for the Saint Louis University School of Medicine and has
expertise in complex oncology, cardiology, neurosurgery,
orthopedics, liver and kidney disease and abdominal transplant. SLU
Hospital has received national recognition for many of its programs
and is ranked nationally for geriatric care and regionally ranked
for numerous specialties in US News & World Report’s “Best
Hospitals.” The hospital is a Joint Commission Primary Stroke
Center.
Des Peres Hospital has been serving the health care needs
of St. Louis County since 1974. The hospital is a fully accredited
Chest Pain Center and an American Society of Metabolic and
Bariatric Surgery Center of Excellence. The hospital has received
national recognition for cardiology care from the American Heart
Association’s Get With The Guidelines™ program. Des Peres Hospital
also has been recognized by several national insurance companies,
including Blue Cross and Blue Shield, for quality spine and joint
replacement surgery.
About Blue Cross and Blue Shield of Illinois
With nearly 7 million members, BCBSIL, a division of Health Care
Service Corporation, a Mutual Legal Reserve Company, is the largest
health insurance company in Illinois. Started in 1936, BCBSIL is
committed to promoting the health and wellness of its members and
its communities through accessible, cost-effective, quality health
care. BCBSIL is an independent licensee of the Blue Cross and Blue
Shield Association.
Tenet Healthcare Corporation is a health care services company
whose subsidiaries and affiliates own and operate acute care
hospitals, ambulatory surgery centers and diagnostic imaging
centers. 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.
Some of the statements in this release may constitute
forward-looking statements. Such forward-looking statements are
based on our current expectations and could be
affected by numerous factors and are subject to various
risks and uncertainties discussed
in our filings with the Securities and Exchange
Commission, including our annual report on Form 10-K for
the year ended Dec. 31, 2010, our quarterly reports on Form 10-Q,
and periodic reports on Form 8-K. Do not rely on any
forward-looking statement, as we cannot predict or control many of
the factors that ultimately may affect our ability to achieve the
results estimated. We make no promise to update any forward-looking
statement, whether as a result of changes in underlying factors,
new information, future events or otherwise.
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