Tenet Healthcare Inks Four-year Renewal with Humana Inc.

Dallas-based Tenet Healthcare Corp. has signed a new four-year deal with Humana Inc. The agreement ensures that members of Humana’s Medicare and PPO, HMO, POS, and individual plans will have in-network access to services at all hospitals owned and operated by Tenet subsidiaries. Members also will have access to all freestanding outpatient centers in which Tenet holds a majority interest, as well as physicians in several markets that are employed by various Tenet subsidiaries

The renewal took effect Aug. 1.

The new contract “is designed to expand our market share at key Tenet hospitals in exchange for pricing modifications that are financially advantageous to both parties, said Clint Hailey, Tenet’s chief managed care officer, in a statement.

With more than 600,000 hospitals and providers, Louisville, Ky.-based Humana operates one of the largest networks in the country.

Tenet operates 50 hospitals and more than 100 free-standing outpatient centers across the country. It also owns Conifer Health Solutions, a business process outsourcer that serves more than 300 hospital and healthcare entities.