Mission Health says contract with NC's largest health plan may b - FOX Carolina 21

Mission Health says contract with NC's largest health plan may be terminated

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(file/FOX Carolina) (file/FOX Carolina)
ASHEVILLE, NC (FOX Carolina) -

On Wednesday, Mission Health announced intent to terminate its contracts with Blue Cross Blue Shield (BCBSNC) of North Carolina.

Mission Health officials said effective Oct. 5, BCBSNC will be out of network if the two parties fail to reach an agreement in ongoing negotiations. BCBSNC is the largest Health Plan in North Carolina, making up 72 percent of the market share.

The negotiations were started nearly six months ago, according to Mission Health, but the health system has come no closer in reaching a contract resolution.

“BCBSNC’s latest proposal imposes effective payment rate reductions to our health system at a time when modest annual increases are more important than they have ever been,” said Charles Ayscue, Senior Vice President, Finance and Chief Financial Officer at Mission Health. “Even if we earn every dollar of pay for performance incentives offered by BCBSNC, we could at best get back to zero for three straight years. It’s simply impossible to keep up with rising medical supply, pharmaceutical, and other operating costs, let alone provide future wage increases to our fantastic team members without appropriate annual adjustments to our payment rates from BCBSNC in the coming years.”

Below is the full letter on intent to terminate the contract:

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