Cigna (NYSE: CI) and Memorial Hermann Health System have reached a multi-year agreement that ensures Cigna customers will have continued access to Memorial Hermann’s hospitals, facilities and providers for quality care at predictable, affordable rates.
The new agreement is structured for long-term stability and improvement of Houston’s health, while further strengthening Cigna and Memorial Hermann’s network relationship.
“We appreciate Memorial Hermann’s commitment to a lasting, value-based relationship that will provide access to quality care for Cigna’s customers. I look forward to working with the Memorial Hermann team to deepen this relationship in the years ahead,” said Jim Hickey, President of Cigna’s South Texas market.
“Our unequivocal and enduring commitment is to the needs and best interests of the people who live here—to be an advocate for Houston’s long-term health. This new agreement with Cigna is a reflection of that commitment,” said Dr. David L. Callender, President & CEO, Memorial Hermann Health System. “We’re pleased to work together on behalf of the people we jointly serve and we are grateful to our patients and families for their patience during these uncertain times.”
The announcement comes at an important moment for greater Houston as communities continue to face a variety of challenges due to COVID-19.
“We know this is a difficult time for everyone and we are happy we were able to resolve this,” Hickey said. “I’d like to extend thanks to our clients and customers for their patience during these negotiations. We recognize the uncertainty these discussions created and we’re glad we were able to reach an affordable solution without interrupting access to quality care at Memorial Hermann.”
Source: Cigna