The agreement between the insurance company and the Memorial Hermann Health System was set to expire at midnight Sunday, and they couldn't agree on new terms, threatening Blue Cross members' ability to use Hermanns' health services as in-network patients. However, the two parties announced Friday they've reached a multi-year agreement that's effective immediately.
"We have tremendous respect for each other and look forward to continuing our long-term, positive working relationship. Memorial Hermann and its affiliated physicians are thrilled that we will have the opportunity to continue to serve the Blue Cross and Blue Shield patients with high quality, clinically-integrated and safe care throughout our system," said Dan Wolterman, President and CEO of Memorial Hermann.
"As a customer-owned company, we best serve our members when we offer access to high quality health care providers that keep health care costs affordable for our members. Our new agreement demonstrates that Blue Cross and Memorial Hermann are committed to working together to improve the long-term affordability of high-quality health care services," added Bert Marshall, president of Blue Cross and Blue Shield of Texas.
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