Health Net, Inc. HNT today announced that its subsidiaries exercised
their contractual option to terminate agreements with all six of Tenet
Healthcare's THC Southern California hospitals.
The terminations were effective midnight on Dec. 21, 2012. The facilities are:
Desert Regional Medical Center, Fountain Valley Hospital and Medical Center,
John F. Kennedy Memorial Hospital, Lakewood Regional Medical Center, Los
Alamitos Medical Center and Placentia Linda Hospital.
Health Net and Tenet Healthcare were nearing the end of a three-year contract.
Health Net believes Tenet's reimbursement should be in line with the medical
consumer price index, which currently averages more than 3 percent, and that
reimbursement for state- and federally funded programs like Medi-Cal needs to
be consistent with the funding for those programs. In recent discussions for a
new contract, Health Net and Tenet have been unsuccessful in reaching
agreement on reimbursement amounts.
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