Humana Inc. - HUM STOCK NEWS

Humana Inc. (NYSE: HUM) has reinforced its long-standing relationship with ChenMed by signing a new five-year agreement, allowing Humana’s Medicare Advantage members access to in-network care at all of ChenMed’s locations. This collaboration supports both companies' commitment to senior-focused primary care, ensuring high-quality healthcare for members across Florida and beyond. Humana has approximately 8.6 million Medicare members, with 5.6 million enrolled in Medicare Advantage plans. The agreement further enhances ChenMed’s capabilities in delivering personalized concierge care, ensuring improved health outcomes for seniors.

Humana's Kentucky Medicaid Plan, Humana Healthy Horizons, announced a grant of $120,000 to three local organizations to enhance maternal health for Black mothers in Louisville. This initiative aims to address significant barriers, including access to prenatal care, reflected in Kentucky's low maternal health ratings. Black women experience a 2.9 times higher maternal mortality rate than white women in the U.S., underscoring the need for these efforts. The grants will support telehealth services, transportation for appointments, and training for community doulas, contributing to health equity in the region.

Humana Inc. reported a 4Q22 loss per share of $0.12 on a GAAP basis, with an Adjusted EPS of $1.62. For the full year 2022, EPS was $22.08 (GAAP) and $25.24 (Adjusted). The company projects FY 2023 EPS guidance of at least $27.57 (GAAP) and $28.00 (Adjusted). Humana anticipates individual Medicare Advantage membership growth of at least 625,000, marking a 13.7% increase from 2022. A segment realignment into Insurance and CenterWell is expected to enhance collaboration and growth. Despite reported losses, management expresses confidence in achieving their 2025 Adjusted EPS target of $37.

Humana Inc. (NYSE: HUM) has announced the winners of its 2022 Go365 National Step Challenge, a health competition that saw over 32,000 participants logging 7.1 billion steps, resulting in a donation of approximately one million meals to Feeding America. The challenge, which began in 2018, has contributed to 5 million meals over five years. Winning teams received donations based on their standings, significantly impacting food insecurity as nearly 34 million Americans struggle with hunger. The Go365 program encourages healthier lifestyles while providing rewards for participants.

CenterWell Senior Primary Care plans to open 10 new senior-focused primary care centers in the Dallas-Fort Worth area in 2023, marking its entry into North Texas. The first two centers will open on February 1 and 2, 2023. CenterWell prioritizes a personalized care approach, allowing longer patient consultations compared to traditional providers. The firm, part of Humana, serves over 240,000 members and aims to hire around 100 employees in the region. The new facilities will provide integrated care for seniors, addressing various health needs.

Humana Military has appointed Karen Moran as Senior Vice President, effective January 1, 2023, marking her as the first female leader in the role's 26-year history. Moran succeeds Brent Densford, who retires after over 32 years. Her prior experience includes leadership roles at EmblemHealth and Aetna, where she managed significant healthcare contracts. The announcement coincides with Humana Military's recent contract win to administer the TRICARE East Region health benefit, suggesting a promising outlook under Moran's leadership.

CenterWell Senior Primary Care is set to open three new centers in Charlotte, N.C., including CenterWell University City on January 19, 2023. This expansion marks the company's entry into the Charlotte area, enhancing access to personalized healthcare for seniors amidst a projected growth of 100,000 individuals aged 65+ over the next decade. CenterWell operates over 220 centers across 11 states, with plans for 30-50 new openings annually through 2025. Each center will focus on value-based care, staffed by certified professionals, and provide additional community support initiatives, including a $20,000 donation to The Shepherd’s Center in Charlotte.

Humana Inc. (NYSE: HUM) announced a $625,000 grant to Feeding America to support mobile food pantries across nine states, addressing food insecurity in underserved communities. This initiative, rooted in a 23-year partnership, aims to deliver healthy groceries, including meat, fruits, and personal care items, to those in need. Targeted areas include Ohio, Michigan, Missouri, Texas, Mississippi, Georgia, Tennessee, West Virginia, and Wisconsin. Humana's commitment to fighting hunger is underscored by a total of $6.7 million contributed over the partnership's duration.