Tenet Healthcare Signs Contract Extension Agreement With Cigna

(RTTNews) - Tenet Healthcare Corp. (THC) Monday said it has signed a multi-year contract extension with Cigna Corp. (CI) following which Cigna's customers will benefit from Tenet's entire network of quality healthcare services.

As per the agreement, Cigna's commercial customers and Cigna-HealthSpring's Medicare Advantage customers in-network will gain access to Tenet's 77 hospitals, 190 outpatient centers and more than 1,500 employed physicians.

The contract includes an innovative pay-for-quality arrangement that rewards Tenet hospitals for improved quality of care and cost efficiency, which, for the first year, will be based on national quality measures established by the Centers for Medicare and Medicaid Services.

In addition, in the starting of July, Tenet and Cigna will establish a Cigna Collaborative Care arrangement in Atlanta.