Blue Shield of California Terminates Agreement with Agendia
SAN FRANCISCO, March 6, 2012 /PRNewswire-USNewswire/ -- Blue Shield of California announced today the termination of its Allied and Ancillary Provider Agreement with Agendia Inc. Blue Shield exercised its right to terminate the Agreement, without cause, effective May 9, 2012.
In announcing the agreement on January 5, 2012, Agendia made inaccurate and misleading claims that its Mammaprint product and other medical tests would soon be covered benefits at in-network rates. However, Mammaprint is currently not approved by Blue Shield Medical Policy and is considered investigational.
Agendia also claimed that its agreement with Blue Shield of California could mean more in-network coverage at other Blues plans across the country. However, Blue Shield of California does not attempt to influence other Blues plan contracts or medical policies.
About Blue Shield of California
Blue Shield of California, an independent member of the Blue Cross Blue Shield Association, is a not-for-profit health plan with 3.3 million members, 4,800 employees, and one of the largest provider networks in California. Founded in 1939 and headquartered in San Francisco, Blue Shield of California offers a wide range of commercial and government products throughout the state. The company has contributed more than $125 million over the past four years to the Blue Shield of California Foundation—which was named one of BusinessWeek's 20 most generous corporate foundations. For additional information, visit www.blueshieldca.com.
SOURCE Blue Shield of California