Lexington 859-554-4038 Louisville 502-589-7616 HOME FIRM OVERVIEW PRACTICE AREAS MEDIA BLOG CONTACT THIS IS AN ADVERTISEMENT PROVIDING LEGAL EXCELLENCE FOR OVER 60 YEARS IN KENTUCKY Fight between UnitedHealthcare and Prisma Health is over On Behalf of Landrum & Shouse LLP | Nov 17, 2021 | Business and Commercial Litigation For readers of this blog, business law and contract disputes are often a topic. Though, disputes between healthcare companies are rare. In this case though, the dispute between UnitedHealthcare and Prisma Health has shown all business owners, contract disputes can happen between anyone. The contract negotiations go south The services contract between UnitedHealthcare and Prisma Health was set to expire at the end of this year. The consequences of not being able to craft a deal was that UnitedHealthcare users, both their customers and employees, could no longer use Prisma Health healthcare facilities or providers as in-network, effectively making this entire network out of reach for UnitedHealthcare users. There were various areas of disagreement, but the main issues related to reimbursement rates for healthcare services provided to UnitedHealthcare users. For most of the year, it looked like the two parties were not going to find a solution, but that changed this week. Problem solved While the specific of their new contract have not been released publicly, which is often the case for business contracts, the two parties have reached an agreement. This means that UnitedHealthcare users can use Prisma Health facilities and service providers for years. In addition, the deal also allows United Behavioral Health, Spectera Eyecare Network and the Veteran Affairs Community Care Network to use Prisma Health’s facilities and physicians. Parties of contract disputes In practice, a contract dispute can occur between any business and any contracted party. This could be employees of the company itself, a vendor the company uses, internal business partners, external business partners, etc. Disputes can even occur over the business documents that created the business. This is why it is so important to devote the right amount of resources from the very beginning of a business to ensure litigation and contractual issues are as mitigated as possible. Consequences of contract disputes Most contract disputes have monetary consequences, which can be minor to severe. In the worst cases, the consequences are the ending of one’s business, or a monetary award so high that it effectively ends a business. In either event, the key to mitigation is early involvement for Lexington and Louisville, Kentucky, business owners and taking disputes seriously before they escalate and become more severe. Facebook Twitter LinkedIn Search for: Recent Posts How do companies benefit from non-litigated settlements? Fight between UnitedHealthcare and Prisma Health is over What should I include in my employee handbook? Landrum & Shouse Honored as 2022 Best Lawyers® FMCSA tightens rules for drivers with drug, alcohol raps Categories Best Lawyers in America Business and Commercial Litigation Employment Law For Employees Employment Law For Employers Estate Administration Estate Planning Estate Valuation Firm News Labor Law Legal News Mediation & Arbitration Trucking Accident Defense White Collar Criminal Defense Workers’ Compensation Archives Archives Select Month December 2021 (1) November 2021 (4) October 2021 (3) September 2021 (3) August 2021 (1) July 2021 (4) June 2021 (2) May 2021 (3) April 2021 (3) March 2021 (3) February 2021 (2) January 2021 (3) December 2020 (7) November 2020 (2) October 2020 (2) September 2020 (3) August 2020 (7) July 2020 (3) June 2020 (4) May 2020 (1) April 2020 (2) March 2020 (3) February 2020 (2) January 2020 (3) December 2019 (5) November 2019 (3) October 2019 (2) September 2019 (2) August 2019 (7) July 2019 (2) June 2019 (2) May 2019 (3) April 2019 (3) March 2019 (2) February 2019 (2) January 2019 (3) December 2018 (2) November 2018 (3) October 2018 (2) September 2018 (2) August 2018 (4) July 2018 (2) June 2018 (3) May 2018 (2) April 2018 (2) March 2018 (3) February 2018 (4) January 2018 (2) RSS Feed Subscribe To This Blog’s Feed CONTACT OUR FIRM 24/7 Providing legal excellence for over 60 years in Kentucky Facebook Twitter LinkedIn REVIEW THE FIRM