The multiyear contract, of which the terms were not made public, is effective immediately, according to a joint news release from MCG and Blue Cross Blue Shield.
A standoff began several months ago because MCG said rates had been unchanged since 2003, but Blue Cross contended that the health system’s doctors received higher than market rates.
The health system, which set an initial termination date for the contract in January, extended it several times while trying to reach an agreement. The final extension came in the past two days.
Blue Cross Blue Shield representatives traveled on Thursday to Augusta, where the final negotiations were made.
The new agreement “provides incentives for quality improvements aimed at reducing readmission rates,” according to the release.