WakeMed, Blue Cross Ink Multiyear Deal
Posted March 21, 2007 12:37 p.m. EDT
Updated March 22, 2007 8:39 a.m. EDT
Raleigh, N.C. — Three weeks after ending a service agreement with UnitedHealthcare, WakMed announced Wednesday that it has signed a multiyear agreement to remain in the provider network for Blue Cross Blue Shield of North Carolina.
Last year, WakeMed cared for more than 52,000 Blue Cross members, and hospital system officials said they expect to see nearly 63,000 this year.
“This agreement allows us to continue to offer our members the widest possible choice of hospitals in the Triangle, while keeping rates as competitive as possible,” Blue Cross President and Chief Executive Bob Greczyn said in a statement. “It’s important to us that our members have access to the medical expertise WakeMed provides."
At the end of February, competing insurer UnitedHealthcare terminated its contract with WakeMed over a reimbursement dispute. UnitedHealthcare officials said they were charged more for services at WakeMed than other insurers.