On Jan. 15, Providence and Regence announced that, after working through the weekend, a new contract agreement had been reached.
“As we finalize our work on that new contract, Providence has rescinded its contract termination,” said Gary Walker, Providence communications, in an email. “This means that all Providence patients with Regence health insurance will continue to have in-network access to care at Providence facilities and clinics.
“We are grateful for Regence’s acknowledgment of our need to meet rising costs and compensate our caregivers, and we look forward to working in continued partnership and collaboration with Regence to serve our patients and communities with world-class health care services,” he said.
Dean Johnson, Regence strategic communication manager for Oregon, also released a statement via email:
"We are pleased to share that Providence Health & Services has agreed to withdraw its termination and will remain in network for Regence commercial and Medicare Advantage members.
"We recognize the uncertainty these negotiations caused for some Regence members and appreciate their patience as we worked with Providence leadership to achieve reimbursement rates that are more sustainable for our members and customers.
"We are grateful that our members should have no further disruption in care, and we look forward to continuing our partnership with Providence to ensure our members have access to an important care partner in our communities."
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