Benzinga | Sep 2, 2021 04:07PM EDT

Tenet and Cigna Extend and Expand Network Access, Effective Jan. 1, 2022

Multi-year agreement provides Cigna customers with continued in-network access to Tenet providers through 2025

Tenet Healthcare Corporation (NYSE:THC) and Cigna Corporation (NYSE:CI) today announced that they have extended and expanded their network access through the signing of a new multi-year contract. The agreement will provide Cigna customers with continued in-network access through 2025 to Tenet's hospitals, physician clinics and outpatient centers, including the ambulatory facilities operated by United Surgical Partners International that are consolidated in Tenet's financial statements.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210902005729/en/

"We are pleased to have reached this agreement with Cigna four months earlier than the expiration of our current contract," said Ronald A. Rittenmeyer, Executive Chairman of Tenet Healthcare. "The pandemic has brought many challenges for our patients and providers, underscoring the importance of ensuring uninterrupted, in-network access to the quality physicians and care facilities Cigna members know and trust. This includes a broader network of lower-cost ambulatory surgery centers that are part of the multi-year agreement."

"This agreement builds on our long-standing efforts to ensure millions of Cigna customers can access affordable, quality care from the skilled providers of Tenet Healthcare," said Mike Triplett, President of U.S. Commercial for Cigna. "Together, we will continue to enhance the healthcare experience for patients while improving the health, well-being and peace of mind of the communities we serve."

The contract has an effective date of January 1, 2022.