HOUSTON, March 2, 2020 /PRNewswire/ -- Cigna (NYSE: CI)
and Houston Methodist have reached a long-term agreement that
ensures access to quality care at Houston Methodist hospitals for
Cigna customers at predictable, affordable rates. The agreement
includes a strategic value-based program designed to improve
quality of care while reining in costs for patients and their
employers who pay for care through employer-sponsored health
plans.
Separately, Cigna will now administer Houston Methodist's health
plan for the hospital system's 26,000 employees, through
Allegiance, Cigna's third party administrator business.
"This new agreement is great news for all of the people we serve
– the Houston employers,
individuals and taxpayers who pay for health care," said
James Hickey, president of Cigna's
South Texas market. "I'm grateful
to Houston Methodist's team for their true collaboration during
this process and their commitment to reaching a forward-looking
agreement that advances health care quality and affordability."
"This is also great news for our Cigna patients and our
employees who know we will work together for a long time without
disruption," said Marc Boom, M.D.,
president and CEO of Houston Methodist. "We are pleased that Cigna
recognizes the high value and quality provided by Houston
Methodist, as both of our organizations are committed to providing
our community access to unparalleled care. We know our employees
will also be pleased to have Cigna administer our employee health
plan."
About Cigna
Cigna Corporation (NYSE: CI) is a global health service company
dedicated to improving the health, well-being and peace of mind of
those we serve. Cigna delivers choice, predictability,
affordability and access to quality care through integrated
capabilities and connected, personalized solutions that advance
whole person health. All products and services are provided
exclusively by or through operating subsidiaries of Cigna
Corporation, including Cigna Health and Life Insurance Company,
Cigna Life Insurance Company of New
York, Connecticut General Life Insurance Company, Express
Scripts companies or their affiliates, and Life Insurance Company
of North America. Such products
and services include an integrated suite of health services, such
as medical, dental, behavioral health, pharmacy, vision,
supplemental benefits, and other related products including group
life, accident and disability insurance. Cigna maintains sales
capability in over 30 countries and jurisdictions, and has more
than 170 million customer relationships throughout the world. To
learn more about Cigna®, including links to follow us on
Facebook or Twitter, visit www.cigna.com.
About Houston Methodist
Houston Methodist is ranked by U.S. News & World Report
as the No. 1 hospital in Texas and
among the top 20 hospitals nationwide. Houston Methodist is the
only nationally ranked Honor Roll hospital in the state and is
designated as a Magnet hospital for excellence in nursing. Visit us
at houstomethodist.org.
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Media
Contacts:
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Mark
Slitt
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Stefanie
Asin
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Cigna
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Houston
Methodist
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860.226.2092
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713.857.7836
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Mark.Slitt@cigna.com
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SLAsin@houstonmethodist.org
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SOURCE Cigna