The contract between Regence and Providence ends Jan. 15. If a new deal isn’t made, Providence hospitals will become out-of-network for patients insured by Regence.
PORTLAND, Ore. — Providence Health and Services and Regence BlueCross BlueShield are still struggling to reach a network renewal deal with just a few days left. If there’s no breakthrough by Monday, Providence will leave the Regence network, meaning roughly 260,000 Oregonians with Regence insurance will be billed at out-of-network rates if they visit Providence hospitals.
The two companies have been deadlocked for weeks, with Providence seeking higher reimbursement rates that it says are necessary to keep up with rising labor
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