Blue Shield of California and Providence Health & Services Reach New Agreement, Continuing Their Collaboration in the Healthcare Industry.
Blue Shield of California announced that Providence Health & Services has rescinded their termination notice, meaning their longstanding collaboration will continue under a new contract that is currently being finalized.
Blue Shield of California is a nonprofit health plan that caps its net income at 2%. The company actively works to address the challenges associated with rising healthcare costs and negotiates on behalf of its members and clients to achieve sustainable, affordable health coverage for families and friends.
Founded in San Francisco in 1939, Blue Shield of California is headquartered in Oakland and a member of the Blue Shield Association with over 4.8 million members, 7,500 employees, and annual revenue exceeding $24 billion. The company offers a range of health, dental, vision, Medicaid, and Medicare healthcare service plans in California. Over the last three years, Blue Shield of California and its affiliates have contributed more than $97 million to the Blue Shield of California Foundation to positively impact communities in California.
For more updates about Blue Shield of California, visit their website at news.blueshieldca.com or follow them on LinkedIn, Twitter, and Facebook for the latest information.
