Humana - HUM STOCK NEWS

Longevity Health Plan and Humana Inc. announced a partnership to expand special needs health plan offerings for Medicare-eligible individuals in skilled nursing and senior living facilities. The partnership will launch in South Carolina and Georgia this year and expand to additional states in 2024 and 2025. Longevity deploys a unique partnership approach with skilled nursing facility operators to improve quality of care and member experience. Humana will offer two products, Humana Together in Health and Humana Senior Living Plan, to meet the specialized needs of each individual member.

Humana Inc. (HUM) reported strong 1Q23 earnings with a GAAP EPS of $9.87, up from $7.29 in 1Q22. Adjusted EPS rose to $9.38 from $7.81, driven by robust membership growth in the individual Medicare Advantage sector, which is projected to grow by at least 775,000 members, a 17% increase year-over-year. The company raised its FY 2023 EPS guidance to 'at least $27.88' on a GAAP basis and 'at least $28.25' adjusted. Total revenues for 1Q23 reached $26.74 billion, up from $23.97 billion a year earlier, supported by favorable inpatient utilization trends. Humana's operating cash flow showed significant improvement, reaching $6.69 billion, largely due to adjustments in premium payment timings.

Humana Inc. (NYSE: HUM) has declared a cash dividend of $0.885 per share, scheduled for payment on July 28, 2023, to shareholders of record as of the close of business on June 30, 2023. This dividend reflects the company's commitment to returning value to its shareholders while supporting its mission to improve healthcare for its members. Humana continues to focus on integrated care solutions, including in-home services and data analytics, which aim to enhance health outcomes and reduce costs. The company remains dedicated to its diverse members, including those in Medicare and military service.

Humana Inc. (NYSE: HUM) and the University of North Florida (UNF) are expanding the Meals on Wings program to the University of Kentucky and Lehman College. This initiative aims to combat food insecurity among older adults by providing meal assistance. The program addresses malnutrition, which affects nearly one in 12 seniors, potentially worsening chronic conditions and overburdening healthcare systems. Beginning summer 2023, the program will deliver two meals weekly to over 100 older adults in Kentucky and 30 seniors in the Bronx. This expansion reflects Humana's commitment to enhance meal security for vulnerable populations in Florida, Kentucky, and New York.

Humana Inc. (NYSE: HUM) announced a new $40 million investment, raising its total commitment to affordable housing to $90 million. This funding aims to enhance housing stability for vulnerable communities across the U.S., including states such as Arizona, Florida, and Texas. Humana's affordable housing program is designed to provide low-cost rental options, addressing health-related social needs, and ultimately reducing healthcare costs. The initiative focuses on three key areas: preventing homelessness, supporting individuals with significant health issues, and boosting community capacity. Humana’s collaboration with Raymond James Affordable Housing Investments aims to create a healthier living environment for many Americans.

Humana Inc. (NYSE: HUM) is donating $1 million to enhance mental health resources in Louisville, Kentucky, following a recent mass shooting. The donation aims to support victims, families, and others affected by community trauma.

CEO Bruce Broussard expressed the profound impact of the tragedy on the community, emphasizing the need for healing and recovery. The funding will assist organizations that provide equitable access to mental health services and trauma support, reflecting the Humana Foundation's commitment to health equity.

A Community Crisis Support Line has been activated, offering 24/7 professional emotional support for all U.S. residents. This initiative aligns with Humana's broader mission to foster health equity and community well-being.

On April 10, 2023, Humana (NYSE: HUM) announced the appointment of Dr. Billy Oglesby as the Humana Dean of the College of Population Health at Thomas Jefferson University. This role was made possible through a $15 million donation aimed at improving community health and health equity, particularly for marginalized populations in Greater Philadelphia. Dr. Oglesby, an experienced population health strategist, aims to leverage this partnership to advance healthcare quality and patient safety. His past accomplishments include launching quality improvement programs and establishing community health initiatives. The significant investment reflects Humana's commitment to transforming health outcomes and addressing social determinants of health.

Humana Inc. (NYSE: HUM) released its 2022 Impact Report, emphasizing its commitment to improving healthcare equity and accessibility. Key highlights include a 26% reduction in avoidable hospitalizations for members using integrated services like CenterWell. In 2022, the company screened 1.24 million individuals for social health needs and invested over $22.5 million in community initiatives. Humana surpassed its environmental goals with a 35% reduction in greenhouse gas emissions and a 64% waste diversion rate. The report outlines efforts to enhance diversity, equity, and inclusion within the organization, with over 94% of executive leaders completing competency training.