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Humana - HUM STOCK NEWS

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.

Overview of Humana

Humana stands as one of the largest private health insurers in the United States, distinguished by its comprehensive approach to personalized, whole-person healthcare. As a foremost participants in the health insurance industry, the company focuses on government-sponsored programs including Medicare Advantage, Medicaid, and the military's Tricare program, integrating strategic initiatives in health insurance innovation. This robust approach allows Humana to address evolving healthcare needs, delivering services that blend medical coverage with tailored, value-based care.

Core Business and Services

Humana primarily generates its revenue by offering managed care products. Its extensive portfolio is centered around:

  • Medicare Advantage: Humana serves a significant portion of its membership through Medicare Advantage plans, designed to offer integrated healthcare solutions for seniors.
  • Medicaid Programs: The company actively manages Medicaid services, catering to the unique healthcare requirements of low-income individuals.
  • Tricare: Serving military personnel and their families, Humana provides specialized plans under the Tricare program.
  • Prescription Drug Plans: Catering to seniors enrolled in traditional fee-for-service Medicare, Humana has developed a niche in stand-alone prescription drug plans.

Beyond insurance coverage, Humana extends its offerings to include primary care services, at-home care, and pharmacy benefit management. This diversification into additional healthcare services reinforces its commitment to offering holistic care and helping members achieve optimal health outcomes.

Market Position and Competitive Landscape

Humana's strategic focus on government-sponsored programs positioned it distinctly within the crowded healthcare market. Its emphasis on tailored healthcare experiences and innovative solutions that combine clinical expertise with compassionate care has enabled the company to build a resilient market presence. While many competitors offer traditional insurance plans, Humana differentiates itself by integrating additional healthcare services, thereby enhancing the overall member experience and optimizing care management.

Innovative Approach and Customer-Centric Ethos

The company is guided by a cultural foundation that revolves around individual member needs. Humana is dedicated to creating innovative healthcare solutions that are both personalized and accessible. The emphasis on simplifying care and providing whole-person services reflects a deep understanding of the evolving landscape of health and wellness. In doing so, Humana not only addresses immediate healthcare concerns but also anticipates and adapts to the broader shifts in healthcare delivery models.

Operational Excellence and Reliable Service

Humana places a high value on operational excellence, underpinned by a team of dedicated professionals whose expertise and passion drive its customer-first philosophy. This commitment ensures that every aspect of its operations is designed to support the most effective and efficient delivery of healthcare services. The consistent focus on quality care, backed by an enduring commitment to innovation, reinforces the reliability and trustworthiness that members have come to expect.

Conclusion

In summary, Humana offers a multifaceted approach to health insurance and healthcare services. By integrating traditional insurance products with value-added healthcare services, the company provides a comprehensive and innovative framework designed to meet the dynamic needs of its members. For investors and industry observers, Humana represents a complex, well-organized entity that continues to play a significant role in shaping the future of healthcare delivery in the United States.

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Humana (NYSE: HUM) and Evolent Health (NYSE: EVH) have expanded their strategic medical oncology partnership to streamline prior authorization processes for radiation and surgical oncology services. The collaboration aims to expedite approval requests and improve patient access to care through Evolent's advanced technology platform. Under the expanded partnership, Evolent will serve as Humana's designated utilization management and pathway vendor for radiation and surgical oncology services.

The platform enables providers to access up-to-date therapy choices, submit prior authorization requests in minutes, and receive approvals in seconds, reducing administrative burdens while ensuring CMS compliance.

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Humana reported Q3 2024 earnings with GAAP EPS of $3.98 and Adjusted EPS of $4.16. The company updated its full-year 2024 guidance to 'at least $12.89' on a GAAP basis and 'at least $16.00' on an Adjusted basis. The Insurance segment benefit ratio is affirmed at approximately 90%. Medicare Advantage membership growth projection for 2024 has been raised by 40,000 to approximately 265,000 members, representing about 5% growth. Q3 consolidated revenues reached $29.4 billion, with benefits expense ratio at 89.9% and operating cost ratio at 11.5%.

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Humana (NYSE: HUM) has announced that its Board of Directors has declared a quarterly cash dividend of $0.885 per share. The dividend will be payable on January 31, 2025 to stockholders of record as of December 31, 2024. Humana provides insurance services and CenterWell health care services, focusing on delivering care to people with Medicare, Medicaid, families, individuals, military service personnel, and communities.

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Humana and Longevity Health have announced an expanded agreement to offer Humana Together in Health, a Medicare Advantage Institutional Special Needs Plan (I-SNP), to eligible residents of long-term care facilities in eight additional states starting in 2025. The plan, currently available in five states, will expand to Indiana, Iowa, Kentucky, Louisiana, New Mexico, Tennessee, Washington, and West Virginia. The plans include dental, vision, hearing benefits, transportation services, care manager support, and new music therapy sessions for eligible members with chronic conditions. Longevity Health's value-based care model aims to improve clinical outcomes and provide patient-centered healthcare.

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Humana (NYSE: HUM) has elected Gordon Smith to its Board of Directors, expanding the board to 12 members. Smith, currently an Operating Advisor at Clayton, Dubilier & Rice Funds, brings extensive experience from his previous roles as Co-President and Co-Chief Operating Officer of JPMorgan Chase, where he served until January 2022. His background includes leading JPMorgan's Consumer and Community Banking division from 2012 to 2021 and over 25 years at American Express. The appointment aims to enhance Humana's strategic oversight in Medicare Advantage and CenterWell healthcare services, operational efficiencies, and consumer experience development.

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CenterWell Home Health, a major home health provider operating in 38 states, has collected donations equivalent to 89,456 meals in its 20th annual food drive. The initiative, spanning over 350 branches nationwide, has accumulated more than 1.4 million meals over two decades. The top three performing branches will receive $5,000 cash grants from the Humana Foundation, with Parkersburg, W.Va., branch leading this year's collection, followed by Atlanta's regional operations office and the Louisville branch. Donations benefit various 501(c)(3) organizations that distribute food to local communities.

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Define Ventures, a major venture capital firm focusing on early-stage health tech companies, has appointed Bruce Broussard as venture partner. Broussard, former CEO and president of Humana, brings extensive experience in scaling companies and fostering innovation across various healthcare sectors. His role will involve guiding founders, shaping investment strategies, and strengthening partnerships with large healthcare organizations.

Broussard's decision to join Define Ventures is rooted in his belief in the firm's unique position to transform healthcare. His appointment follows that of Frank Williams, co-founder and former CEO of Evolent, who joined as venture partner earlier this year. Define Ventures, with $800 million in assets under management, partners with companies at seed, series A, and series B stages, including notable firms like Hims & Hers and Unite Us.

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Humana Inc. (NYSE: HUM) has received high rankings in the 2024 Hispanic Association on Corporate Responsibility (HACR) Corporate Inclusion Index (CII). The index measures Hispanic inclusion across four areas: employment, procurement, philanthropy, and governance. Humana achieved 5 out of 5 stars in Employment, Governance, and Philanthropy, and 4 out of 5 stars in Procurement.

Humana has participated in the index since 2012, using these metrics to guide its diversity, equity, and inclusion (DEI) strategies. The company aims to build a culture of belonging where every associate feels valued and supported. Carolyn Tandy, SVP, Chief Diversity, Equity, and Inclusion Officer, emphasized the importance of participating in the CII to refine Humana's DEI strategy and support a thriving workplace culture for all employees.

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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.

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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.

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FAQ

What is the current stock price of Humana (HUM)?

The current stock price of Humana (HUM) is $253.77 as of April 4, 2025.

What is the market cap of Humana (HUM)?

The market cap of Humana (HUM) is approximately 31.5B.

What core services does Humana offer?

Humana provides a range of services including Medicare Advantage, Medicaid, TRICARE, stand-alone prescription drug plans, primary care, and at-home healthcare services.

How does Humana generate revenue?

The company primarily earns revenue through managed care products focused on government-sponsored programs and additional healthcare services like pharmacy benefit management.

Who are the primary customers of Humana?

Humana caters mainly to seniors, low-income individuals, and military personnel through programs like Medicare Advantage, Medicaid, and TRICARE.

What differentiates Humana from other health insurers?

Humana differentiates itself by integrating comprehensive healthcare services with traditional insurance products, emphasizing personalized, whole-person care and innovative healthcare solutions.

How is Humana positioned in the competitive health insurance market?

The company is uniquely positioned as a major private insurer that focuses on government-sponsored programs, offering a blend of insurance coverage and value-added health services.

Does Humana offer services beyond traditional health insurance?

Yes, in addition to insurance, Humana provides primary care, at-home services, and pharmacy benefit management to support a holistic approach to healthcare.

What industries and market segments does Humana serve?

Humana serves the healthcare industry broadly, with a particular focus on government-sponsored healthcare segments such as Medicare, Medicaid, and military healthcare programs.

How does Humana ensure quality in its healthcare delivery?

The company maintains operational excellence through a customer-first philosophy, leveraging experienced talent and innovative solutions to provide consistent, high-quality healthcare services.
Humana

NYSE:HUM

HUM Rankings

HUM Stock Data

31.50B
120.40M
0.2%
97.78%
3.03%
Healthcare Plans
Hospital & Medical Service Plans
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United States
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