Texas Tech University Health Sciences Center and Texas Tech Physicians announced they issued a notice of termination for their commercial and Medicare Advantage participation agreement with UnitedHealthcare Insurance Company.
In a press statement, the Texas Tech University Health Sciences Center said that unless an agreement is reached prior to March 31, the termination date is set for that day.
“Texas Tech Physicians opened discussions with UnitedHealthcare in early 2025 for the Amarillo, Lubbock and Permian Basin campuses as the rates within these agreements have not been updated in 13 years,” said Martin Clay, Texas Tech Physicians executive director. “The decision to terminate is primarily due to disagreements over reimbursement rates amid the rising cost of patient care. Health care costs have risen significantly in the last 13 years while Texas Tech Physicians’ reimbursement rates with UnitedHealthcare have remained constant.”…