Tenet Healthcare, UnitedHealthcare Enter Multi-Year Agreement - Quick Facts

(RTTNews) - Tenet Healthcare Corp. (THC) and UnitedHealthcare, a UnitedHealth Group company (UNH), have concluded a new, three-year agreement providing United Healthcare's Commercial and Medicare Advantage members with in-network access to Tenet's 79 hospitals, 193 outpatient centers and over 1,800 employed physicians country-wide.

The new agreement is effective August 1, 2014. With this deal, Tenet has completed the renegotiation of all contracts with national commercial payers to include every former Vanguard facility and employed physician.

"This agreement provides consumers uninterrupted access to quality care in their local communities," said Dan Rosenthal, president of UnitedHealthcare Networks. "We are pleased to renew this national contract with Tenet, which offers our members access to providers focused on driving care improvements and offers competitive reimbursement rates, a portion of which, importantly, rewards Tenet for achieving certain quality measures," he added.