A two-month contract standoff between insurance giant Anthem Blue Cross and Stanford and Lucile Packard hospitals that left subscribers in limbo regarding their coverage has been resolved.
The hospitals had announced on Sept. 1 the contract with Blue Cross had expired and was terminated, putting thousands of patients in a position of potentially paying more for out-of-pocket costs after the hospitals became non-contracted entities.
But the new three-year agreement will be effective back to Sept. 1, the hospitals announced Tuesday (Nov. 2), so patients will not lose any of their benefits for services rendered during the non-contract period.
"Stanford Hospital, Lucile Packard Children's Hospital, the faculty physicians at both hospitals, and the Menlo Clinic are once again in-network providers for all patients insured by Anthem Blue Cross," the hospitals announced.
Details of the agreement were not immediately disclosed. But the sides agreed on reimbursement rates and contract language "relevant to today's health care environment," the hospitals said in prepared statement.
"We're happy to have these new agreements in place," said Gary M. May, vice president of payer relations and pricing for the hospitals.
"Both Anthem Blue Cross and the hospitals have worked diligently on these issues and everyone is pleased that our patients and families will continue to have full access to our world-class care."