The Albany Med Health System and insurance company CDPHP have reached a new contract agreement after months of negotiation and dispute over underpayments for health services. Albany Med announced Thursday that the companies had signed a new two-year contract,

The Albany Med Health System and CDPHP have reached a new two-year contract agreement, ensuring that Albany Med remains in-network for CDPHP members.

Albany Med and CDPHP have reached an agreement on a new contract, after a months-long dispute. This deal includes the insurance provider paying Albany Medical Center $30 million in payments withheld for more than a year. The new two-year contract will prevent any disruption in care for members of CDPHP, according to Albany Med.

Albany Med Health System announced Thursday that it has reached a new two-year deal with the Capital District Physicians Health Plan (CDPHP) following months of intense negotiations.

Albany Med Health System and CDPHP have reached an agreement on a new deal that ensures the hospital system will continue to accept the insurer's coverage through next year — and will also end a lawsuit over withheld payments by the health plan.