Blue Shield of California is thrilled to announce that Providence Health & Services has rescinded their termination notice, allowing the longstanding collaboration between the two companies to continue under a new contract. The final details of the agreement are currently being worked out.
Blue Shield of California is a nonprofit health plan that prioritizes sustainability and affordability in the face of rising healthcare costs. As a tax-paying organization, the company works tirelessly to achieve its goals of providing quality coverage for families and friends. Blue Shield negotiates on behalf of its members and clients to ensure that everyone has access to affordable and comprehensive healthcare.
Founded in San Francisco in 1939 and now headquartered in Oakland, Blue Shield of California is a member of the Blue Shield Association with over 4.8 million members, more than 7,500 employees, and annual revenue exceeding $24 billion. The company offers a range of health, dental, vision, Medicaid, and Medicare service plans in California. In addition to its core business operations, Blue Shield also contributes significantly to communities across the state through its affiliated foundations. Over the last three years alone, Blue Shield of California and its affiliates have contributed more than $97 million to support local initiatives that improve health outcomes for Californians.
For more information about Blue Shield’s latest news and updates, visit their website at www.news.blueshieldca.com or follow them on LinkedIn, Twitter, or Facebook for all the latest developments.