Today, St. Charles Health System is announcing an agreement with PacificSource, allowing thousands of patients on both the commercial and Medicare Advantage plans to remain in-network for St. Charles hospitals and clinics.
“We are grateful we were able to come to an agreement with PacificSource to maintain in-network coverage for thousands of local residents, who we hope will welcome this news,” said Matt Swafford, Chief Financial Officer for St. Charles. “We appreciate PacificSource coming to the table and working with us on a solution that meets all of our needs.”
The agreements reached are for one year for the Medicare Advantage contract and two years for the commercial contract.
“We recognize that uncertainty about insurance coverage can cause stress for our patients, especially given state and national trends in declining Medicare Advantage options,” Swafford said. “Negotiations like these are an important part of the overall process that ensures St. Charles can continue to provide access to health care services locally for the communities we serve.”
St. Charles continues to work closely with insurance providers on coverage options for local residents and also recently reached an agreement with Providence Health Plans, along with Aetna and Cigna. For the latest information on which plans are currently in-network for St. Charles providers and facilities, visit our website.
