Ramsay Health Care and Bupa sign new agreement
Aug 22, 2022
Ramsay Health Care (Ramsay) and Bupa Australia have signed a new three-year contract that will ensure Bupa members continue to be covered, without additional out-of-pocket costs, when they receive treatment at a Ramsay facility in Australia.
One week after reaching in-principle agreement, the new Hospital Purchaser Provider Agreement (HPPA) has been signed.
As part of the agreement, Ramsay and Bupa will establish a new Strategic Collaborative Committee to develop initiatives which further expand the value of private health service offerings for patients.
Ramsay Australia CEO Carmel Monaghan said the new agreement recognised both the current cost of living pressures facing health insurance customers as well as cost increases being experienced by hospitals in the delivery of comprehensive patient care.
“We are pleased both parties have reached an agreement that allows Bupa members to continue to be covered without the need for any additional out-of-pocket costs, while also ensuring the ongoing sustainability of the private health sector,” Ms Monaghan said.
Bupa Health Insurance Managing Director Chris Carroll said the agreement showed that health insurers and private hospitals wanted to put patients first and keep health costs under control.
“This three-year deal provides certainty for our members around their cover and not having to pay additional out-of-pocket costs at Ramsay hospitals,” Mr Carroll said.
“We know how valuable it is to our customers for us to partner with hospitals in a way which delivers them quality healthcare whilst keeping premiums affordable. We look forward to working with Ramsay to look at new models of care which add further value to our shared customers. “
Mr Carroll thanked Bupa members for their patience during the negotiations. “Our goal has always been to provide affordable, high-value private healthcare which balances affordability for our members and current health care costs.”