Valley Health and Anthem announce five year agreement

Valley Health and Anthem Blue Cross and Blue Shield announced a new agreement that will keep Valley Health physicians and hospitals in Anthem’s provider networks.

The new agreement allows Anthem customers uninterrupted access to Valley Health through 2028.

Anthem is the largest health insurer in Virginia and serves thousands of community members.

The negotiations focused on the implementation of digital connectivity to simplify system requirements, streamlining business processes, and focusing on value-based care options with an emphasis on quality care at affordable rates.

Valley Health President and CEO Mark Nantz said, “We are pleased to announce a new long-term agreement with Anthem that ensures in-network access to the physicians and caregivers our patients know and trust.”

Additional details on the agreement were not disclosed.

Valley Health encourages patients to call the Customer Service team at 1-866-414-4576 or the Member Services number on the back of their Anthem card if they have any questions on the new agreement.

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Senator Warner leads legislation against rising drug prices

The Senate Finance Committee voted 26-1 yesterday to approve the Modernizing and Ensuring PBM Accountability Act.

The bipartisan legislation is aimed at helping address rising prescription drug prices by regulating intermediaries who manage prescription drug benefits for health insurance companies.

Included in the act are multiple bills proposed by Senator Mark Warner including the PBM Reporting Transparency ACT which holds PBMs accountable for providing good value to seniors and Medicare by making more information available to the public about their contracts.

The IMPROVE Part D Regulations Act is also included which requires listening sessions to be held about improvements to Medicare Part D.

An amendment in the bill was also proposed by Warner which ensures smaller pharmacies receive fair reimbursement when serving medically complex patients.

For more news from across the Shenandoah Valley, click here.