Cigna (NYSE: CI) and MultiCare Health System have reached a multi-year agreement that ensures access to quality care for Cigna customers at predictable, affordable rates. It covers MultiCare’s hospitals and facilities, including Tacoma General Hospital.
The agreement applies to multiple lines of business, including Cigna’s high-performing LocalPlus network, and continues Cigna’s value-based Collaborative Care program that incentivizes MultiCare for meeting certain quality and affordability targets. By establishing a framework for information sharing and joint accountability, Cigna Collaborative Care aims to advance care quality while driving down medical costs for employers and individuals.
“This new agreement is welcome news for the employers and individuals we serve in the South Sound who expect quality care to be available at an affordable price,” said Ryan Kocher, president of Cigna’s Pacific Northwest market. “I’m grateful to MultiCare for its collaboration during this negotiation, which enabled us to achieve a winning outcome for our customers, patients and communities.”
“MultiCare is committed to ensuring that patients and families have access to the health care they need and we appreciate Cigna’s partnership to better serve South Sound communities. We look forward to expanding and strengthening the relationship,” said Bill Robertson, president and CEO, MultiCare Health System.
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Source: PR Newswire