Tenet and UnitedHealthcare Sign Multi-Year Agreement

Tenet Healthcare Corporation (NYSE:THC) and UnitedHealthcare, a UnitedHealth Group company (NYSE: UNH), have completed a new, three-year agreement providing United Healthcare’s Commercial and Medicare Advantage members with in-network access to Tenet’s 79 hospitals, 193 outpatient centers and more than 1,800 employed physicians throughout the country.

“UnitedHealthcare is one of our largest customers, and we are pleased its members will have continued access to our high-quality, high-value services,” said Clint Hailey, chief managed care officer at Tenet. “Across our organization, our caregivers strive to deliver quality outcomes and help people live happier, healthier lives.”

The new agreement is effective August 1, 2014. With this agreement, Tenet has completed the renegotiation of all contracts with national commercial payers to include every former Vanguard facility and employed physician.

“This agreement provides consumers uninterrupted access to quality care in their local communities,” said Dan Rosenthal, president of UnitedHealthcare Networks. “We are pleased to renew this national contract with Tenet, which offers our members access to providers focused on driving care improvements and offers competitive reimbursement rates, a portion of which, importantly, rewards Tenet for achieving certain quality measures.”

About Tenet

Tenet Healthcare Corporation, a leading healthcare services company, through its subsidiaries operates 79 hospitals, 193 outpatient centers and Conifer Health Solutions, a leader in business process solutions for healthcare providers serving more than 700 hospital and other clients nationwide. Tenet’s hospitals and related healthcare facilities are committed to providing high quality care to patients in the communities they serve. For more information, please visit www.tenethealth.com.

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