Highmark Delaware and Bayhealth have announced they have reached an agreement in principle that will ensure Highmark Delaware members will continue to have in-network access to the quality care provided by Bayhealth hospitals, outpatient facilities and physicians.
“Bayhealth remains committed to investing in and providing quality care for the residents of central and southern Delaware,” said Terry Murphy, president and CEO of Bayhealth. “We are extremely pleased that we were able to reach an agreement with Highmark Delaware that allows us to uphold that commitment.”
Negotiations between Bayhealth Medical Center and Highmark Blue Cross Blue Shield continued earlier this year as the two companies discussed a new contract. Bayhealth has had an agreement with Blue Cross and Blue Shield, Highmark’s predecessor since 1982. Failure to reach a new agreement could have left thousands of patients with significantly higher costs or services not covered at all. According to Bayhealth officials, the agreement that was reached on Friday, May 13 in principle is binding and will be implemented through formal agreements to be completed by May 20, 2016. There will be no disruption for patients in central and southern Delaware who are seeking care at Bayhealth.
“Highmark Delaware’s new contract with Bayhealth achieves the important balance of fairly reimbursing a community-based health system to provide high quality care to our members, while also recognizing the need to maintain comprehensive and affordable health benefit programs for our members and customers,” said Tim Constantine, president of Highmark Delaware.
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