Health insurance company Blue Cross Blue Shield of Texas confirmed today that it has reached a verbal agreement with Hospital Corporation of America that will keep the hospital giant in the insurer’s provider network after their current contract expires Saturday.
Blue Cross said it is “now working to formalize all verbal commitments agreed upon last week,” according to a statement released by the insurer late this morning.
The two sides have been at odds concerning reimbursement rates that Blue Cross would pay under a new contract with HCA’s 74 hospitals and surgery centers in Texas for medical care provided to Blue Cross customers. Those HCA facilities include Methodist Healthcare System, the largest health care provider in San Antonio.
Friday’s negotiations marked the last encounter between Blue Cross and HCA, according to the insurance company’s statement released today. Blue Cross officials said they continued to press for reimbursement rates that will guarantee its 5 million Texas customers “cost-effective access to HCA facilities.”