Welcome to our dedicated page for Humana news (Ticker: HUM), a resource for investors and traders seeking the latest updates and insights on Humana stock.
Humana Inc. (symbol: HUM) is a leading private health insurer in the United States, with a primary focus on Medicare Advantage plans. The company has carved out a significant niche in the healthcare market by specializing in government-sponsored programs. Nearly all of Humana's medical memberships come from individual and group Medicare Advantage plans, Medicaid, and the military's Tricare program. This makes it a pivotal player in providing health insurance solutions to a diverse segment of the population.
In addition to its core insurance offerings, Humana is a frontrunner in stand-alone prescription drug plans, particularly for seniors enrolled in traditional fee-for-service Medicare. This is part of their broader commitment to ensuring comprehensive healthcare accessibility for all members.
Humana continuously strives to innovate and improve its services, recognizing that healthcare needs are dynamic and vary among individuals, families, and communities. The company's cultural foundation is deeply rooted in helping members achieve optimal health by delivering personalized and simplified healthcare experiences. Their array of services includes not only medical insurance but also primary-care services, at-home healthcare services, and pharmacy benefit management.
The company's recent achievements and current projects reflect its commitment to holistic health solutions. Through CenterWell, Humana provides the latest updates and resources aimed at helping people live their healthiest lives on their terms, whenever and wherever they need it.
Humana's employees are central to its mission. The company has built an organization of dynamic talent, whose experience and passion are focused on putting the customer first. This dedication is evident in their innovative approach to healthcare, which continuously adapts to meet evolving needs.
With its strong financial condition and strategic partnerships, Humana is well-positioned to continue its leadership in the healthcare industry. Whether you are an investor looking for reliable stock performance or a member seeking high-quality healthcare services, Humana remains a standout choice.
The Humana Foundation, philanthropic arm of Humana Inc. (NYSE: HUM), has announced $15.2 million in grants for 2024 to support its health equity mission. The investment spans Kentucky, Florida, Louisiana, and Texas, focusing on helping seniors and school-aged children live connected, healthy lives.
Key grants include:
- $2.5 million to Older Adult Technology Services (OATS) for addressing social isolation in seniors
- $3 million to Volunteers of America for a Community Care Campus in Kentucky
- Over $2 million to seven universities for research on nutrition and emotional health
- Funding for various nonprofits across the four states to address mental health, nutrition, and social isolation issues
The grants aim to support innovative programs, research, and solutions to drive change and advance health equity for seniors and children in underserved communities.
CarePlus Health Plans, a Florida-based Medicare Advantage provider, announces enhancements to its 2025 plans, marking 25 years of operation. Key features include:
Expanded Access: CareAccess (HMO) plan available across all service areas, allowing in-network specialist visits without referrals. Financial Benefits: Part B premium giveback on over 65% of plans, $0 premium on all plans, and roll-over CareEssentials Allowance funds. New Offerings: CareComplete (HMO C-SNP) plan for chronic conditions and enhanced support for dual Medicare-Medicaid eligibles.
Most plans also offer robust dental coverage, vision and hearing allowances, $0 copay for various medical services, affordable prescription drugs, and wellness programs. The Annual Enrollment Period runs from Oct. 15 to Dec. 7.
Humana Inc. (NYSE: HUM) is expanding access to integrated healthcare for underserved communities through partnerships with Volunteers of America (VOA). The company is investing in Family-Focused Recovery (FFR) centers in Oklahoma, Louisiana, and Ohio, designed to treat pregnant women and mothers with Substance Use Disorder (SUD) along with their children. These centers aim to improve outcomes and reduce Neonatal Abstinence Syndrome (NAS).
Additionally, Humana is committing $1.5 million to VOA Michigan to develop a 'Housing Hub' in Detroit, addressing housing insecurity and providing medical and behavioral health services. Since 2019, Humana and the Humana Foundation have invested over $31 million in their partnership with VOA, focusing on housing and integrated healthcare for those most in need.
The Humana Foundation, the philanthropic arm of Humana Inc. (NYSE: HUM), is donating an additional $500,000 for relief efforts following Hurricane Milton in Florida. This brings their total support to $1.5 million after two hurricanes hit the state in two weeks. The funds will be distributed to organizations including Feeding Tampa Bay ($250,000), Gulf Coast Community Foundation ($125,000), and Community Foundation Tampa Bay ($125,000).
Humana Inc. is also taking steps to assist members in declared disaster areas, including waiving PCP referrals and prior authorizations, providing in-network cost sharing for out-of-network care, suspending pharmacy refill restrictions, and establishing a free crisis support hotline (1-877-757-7587) through TELUS Health. These efforts aim to support immediate relief and long-term sustainability needs of affected communities.
Humana has been ranked #1 among health insurers for customer experience by Forrester for the fourth consecutive year. This recognition is based on Forrester's proprietary 2024 CX Index™ survey, which gathered opinions from 12,372 consumers about 16 health insurance brands. The survey is part of a larger Customer Experience Benchmark Survey involving over 98,000 US customers across 223 brands and 13 industries.
David Dintenfass, Humana Enterprise Growth President, emphasized the company's commitment to delivering a differentiated customer experience. Forrester's research suggests that companies focusing on customer perceptions and ease can increase loyalty, reduce churn, and potentially gain market share.
Humana (NYSE: HUM) has maintained its position as the Industry Leader for Health Insurers in the Forrester CX Index since 2021. The company is dedicated to putting health first for its teammates, customers, and the organization itself, offering insurance services through Humana and health care services via CenterWell.
The Humana Foundation, the philanthropic arm of Humana Inc. (NYSE: HUM), is donating $1 million towards relief and recovery efforts for those impacted by Hurricane Helene. The storm made landfall along Florida's Big Bend region on Sept. 26, causing widespread power outages and flooding across the Southeast. The donation will be distributed to World Central Kitchen ($400,000), Center for Disaster Philanthropy ($350,000), and Florida Disaster Fund ($250,000).
Humana has also taken steps to aid members in affected areas, including:
- Waiving PCP referrals and prior authorizations
- Providing in-network cost sharing for out-of-network care
- Suspending restrictions on pharmacy refills
- Establishing a free crisis support hotline (1-877-757-7587)
Humana Inc. (NYSE: HUM) has announced its Medicare Advantage and Medicare Prescription Drug Plan offerings for 2025. The company is focusing on providing affordable, quality healthcare options tailored to meet varying needs of Medicare beneficiaries. Humana will offer a total of 793 individual Medicare Advantage plans nationwide, including:
- Full Access PPO plans with in and out-of-network flexibility
- $0 LPPO MAPD Giveback plans in 35 states
- Veteran-focused plans co-created with USAA
- Dual-eligible Special Needs Plans (D-SNP)
- Chronic Condition Special Needs Plans (C-SNP)
- Institutional Special Needs Plans (I-SNP)
Humana's 2025 plans will include enhanced benefits such as new glasses every year and comprehensive dental coverage in most areas. The company is also expanding its Medicare Advantage offerings to new counties and states.
Humana Inc. (NYSE: HUM) will release its third quarter 2024 (3Q24) financial results on October 30, 2024, at 6:30 a.m. Eastern time. The company will host a live Q&A session at 9:00 a.m. Eastern time to discuss the results and 2024 earnings guidance. Participants can register for the telephone conference or access the webcast via Humana's Investor Relations page. The company's 3Q24 earnings news release is expected to include non-GAAP financial measures, with reconciliations and explanations to be provided. Humana, through its insurance services and CenterWell health care services, aims to improve the quality of life for people with Medicare, Medicaid, families, individuals, military personnel, and communities.
CenterWell™ and Conviva Care Center have launched CenterWell Presents and Conviva on Demand, free online health education libraries for seniors. These resources include live webinars and recorded videos on various senior-focused health topics, available to anyone regardless of patient status. The content covers topics such as blood pressure, arthritis, sleep habits, and medication management for chronic diseases.
With over 60 pieces of health education content, seniors can access recorded videos, flyers, or sign up for bi-monthly live webinars with interactive opportunities. Dr. Vivek Garg, Chief Medical Officer, emphasizes the importance of improving health literacy to overcome care barriers and enhance health outcomes, especially in underserved areas.
CenterWell Senior Primary Care and Conviva Care Center collectively serve about 332,000 seniors in nearly 300 centers across 15 states, with plans to expand by 30-50 centers annually through 2025. These initiatives aim to support seniors in managing chronic conditions and living healthier lives.
Humana Inc. (NYSE: HUM) and Interwell Health have expanded their value-based care agreement to include Florida for eligible Humana Medicare Advantage members with chronic kidney disease (CKD) and end-stage kidney disease (ESKD). This expansion brings Interwell's support services to 14 states for CKD members and 39 states for ESKD members.
The program offers comprehensive care and specialized resources, including access to 2,000 network nephrologists and various healthcare professionals. Humana reported a 5% reduction in unnecessary hospital admissions in 2023 through its value-based kidney care partnerships. The expansion aims to improve patient outcomes and quality of life for the growing number of adults living with kidney disease.
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