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Regence and Franciscan near agreement on reimbursement rates

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Updated to include comment from the city of Tacoma and additional background information. Regence Blue Shield and Tacoma-based Franciscan Health System are close to a deal to keep the hospital system in-network for the insurer’s many clients in the region. The current contract is set to expire April 30, and if no agreement is reached, all the Regence members who typically used Franciscan would have to pay higher out-of-network prices. But that won’t be a problem, as both sides say they’ve…

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