As readers of this blog know, contract disputes between businesses are common throughout the country, across all industry sectors. And, yet another example is the recent contract dispute between UnitedHealthcare and Prisma Health.
The contract disputes
Reportedly, both parties offered each other many different options for UnitedHealthcare users (employees and customers) to utilize Prisma Health’s facilities and resources. This included changing reimbursement rates for medical care costs. Until recently, the parties were unable to reach an agreement. If not agreement was reached, UnitedHealthcare users who wanted to use Prisma Health providers could do so under out-of-network rates starting next year.
An agreement finally found
As of this week, the two parties reached an agreement on a multi-year business contract. The new contract will allow UnitedHealthcare users to use Prisma Health’s physicians, hospital and facilities as in-network service provider.
Contract disputes generally
This is an example of common business contract disputes – but this time between healthcare providers. Sometimes, these disputes can end up in litigation and jeopardize the terms of the agreement and the partnership between the parties.
Contract disputes can happen between many different parties
Contract disputes are legal conflicts that can occur between businesses, and can also occur between employees, contractors, vendors, business partners and any other parties wishing to form a contractual relationship. The key to dealing with these issues is to take them seriously and address them early. Do not wait for a court filing to contact an attorney. Having an attorney act as a fresh set of eyes can make all the difference in finding the best possible solution for your business.
For our New York business-owner readers, the key takeaway is that contract disputes can happen between anyone. It is just a consequence of business dealing. If contract disputes are not addressed early and quickly, they can lead to potentially harmful consequences. Seek the help of an attorney to learn more about your options.