January 26, 2024

Statement on contract negotiations with Regence Blueshield

Regence and MultiCare share the objective of renewing our agreement and have been talking for months about the best way to do that. We agree that Regence members should have access to MultiCare services to meet their health care needs.

The health care industry is facing economic challenges, and we are looking to our valued partners to develop a shared response. The rate of inflation as well as health care staffing costs have increased substantially over the past three years and costs continue to rise due to labor shortages, drug prices and other factors.

We are working with Regence to agree on reimbursement rates that reasonably and sustainably address the cost of providing care.

We have extended the deadline while we finalize the terms of our 2024 agreement and will continue to work with Regence to resolve our contract without disruption to our patient.