New Four-Year National Contact
DALLAS--(BUSINESS WIRE)--
Tenet Healthcare Corporation (NYSE: THC) today announced that it has
signed a new four-year agreement with Humana Inc. (NYSE: HUM), one of
the nation’s leading health care and well-being companies. The agreement
with Humana became effective on August 1, 2012.
Under the terms of the new agreement, members of Humana’s Medicare and
commercial Preferred Provider Organization (PPO), Health Maintenance
Organization (HMO), Point-of-Service (POS) and HumanaOne individual
plans now have in-network access to health care services at all
hospitals owned and operated by Tenet subsidiaries. Members will also
have access to freestanding diagnostic imaging centers, ambulatory
surgery centers, urgent care centers and other freestanding outpatient
centers in which Tenet holds a majority interest.
The renewal also includes physicians in several markets that are
employed by various Tenet subsidiaries. Humana’s national network -
one of the largest, most prestigious networks in the country - includes
more than 600,000 hospitals and providers.
“This new agreement allows us to continue providing uninterrupted
service to our patients who are covered by Humana,” said Clint Hailey,
Tenet’s Chief Managed Care Officer. “We are pleased that this innovative
contract is designed to expand our market share at key Tenet hospitals
in exchange for pricing modifications that are financially advantageous
to both parties.”
“Humana’s agreement with Tenet is an important step in our ongoing
commitment to help Humana members achieve lifelong well-being by
providing them with high-quality, affordable and accessible coverage
through an extensive national provider network,” said Bill Barnes, Vice
President of Humana'sNational Contracting Organization. “Humana members
will continue to have access to their wide range of services and
facilities without disruption to the Humana network. We’re very pleased
that we will continue to enjoy a successful long-term relationship with
Tenet.”
Tenet Healthcare Corporation, a leading health care services company,
through its subsidiaries operates 50 hospitals, over 100 free-standing
outpatient centers and Conifer Health Solutions, a leader in business
process solutions for health care providers that serves more than 300
hospital and health care entities nationwide. Tenet’s hospitals and
related health care 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 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, 2011, 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.
About Humana
Humana Inc., headquartered in Louisville, Ky., is a leading healthcare
company that offers a wide range of insurance products and health and
wellness services that incorporate an integrated approach to lifelong
well-being. By leveraging the strengths of its core businesses, Humana
believes it can better explore opportunities for existing and emerging
adjacencies in health care that can further enhance wellness
opportunities for the millions of people across the nation with whom the
company has relationships.
More information regarding Humana is available to investors via the
Investor Relations page of the company’s web site at www.humana.com,
including copies of:
-
Annual reports to stockholders
- Securities and Exchange Commission filings
-
Most recent investor conference presentations
-
Quarterly earnings news releases
-
Replays of most recent earnings release conference calls
-
Calendar of events (including upcoming earnings conference call dates
and times, as well as planned interaction with research analysts and
institutional investors)
-
Corporate Governance information

Tenet Healthcare Corporation
Media:
Rick Black, 469-893-2647
Rick.Black@tenethealth.com
or
Investors:
Thomas
Rice, 469-893-2522
Thomas.Rice@tenethealth.com
Source: Tenet Healthcare Corporation
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