Humana Inc. - HUM STOCK NEWS

Humana Inc. (NYSE: HUM) and Epic have completed the first stage of their collaboration aimed at enhancing healthcare communication and efficiency. In 18 months, they successfully shared clinical data for over half a million Humana members and facilitated the usage of Humana's Real-Time Benefits Check tool by over 50,000 providers. Future phases will introduce automated prior authorizations and member insights, streamlining processes for providers. This joint effort is expected to improve patient care and reduce administrative burdens in the healthcare system.

Humana (NYSE: HUM) has partnered with H Mart, the largest Asian supermarket chain in the U.S., to enhance food security for qualifying members of its Medicare Advantage Dual Eligible Special Needs Plans (D-SNP). Starting March 15, 2021, these members can use the Healthy Foods Card to access a monthly allowance of up to $75 for purchasing eligible food items at over 70 H Mart locations. This initiative aims to improve health and well-being by promoting access to culturally relevant food, aligning with Humana's commitment to affordable, healthy food options.

Humana Inc. (NYSE: HUM) announces the transition of Brian Kane from CFO to pursue broader career goals, effective June 1, 2021. Susan Diamond, current Segment President for Humana’s Home Business, will serve as interim CFO. Kane will assist in an advisory role until the end of 2021. Humana's leadership acknowledges Kane's contributions, including overseeing significant operational turnarounds and fiscal discipline. A search for a permanent CFO has commenced, ensuring continued financial stewardship and strategic execution within the company.

AM Best has assigned long-term credit ratings to Humana's recently filed shelf registration, including “bbb-” for senior unsecured issues and “bb+” for subordinated issues. The outlook is positive and reflects strong financial leverage at 33.3% as of year-end 2020. Humana’s earnings have been robust, bolstered by increased Medicare Advantage membership, and the company maintains a strong earnings coverage ratio of approximately 17 times. Existing ratings for Humana and its subsidiaries remain unchanged.

Humana Inc. (NYSE: HUM) unveiled its new brand, CenterWell, aimed at consolidating its payer-agnostic health care services. The initial focus will be on its senior-centric primary care facilities, transitioning from 'Partners in Primary Care' and 'Family Physicians Group' to CenterWell Senior Primary Care. With rapid growth, the brand encompasses 41 existing centers and plans to open more across multiple states. CenterWell emphasizes a holistic approach to senior health, catering to their unique needs while ensuring a personalized care experience.

Humana (NYSE: HUM) and the University of Houston have launched a Value-based Care Specialization online program aimed at enhancing understanding and application of value-based care in health care. This fully online program includes six courses with a capstone project, available globally via Coursera. Humana emphasizes the importance of value-based care, especially in light of challenges posed by COVID-19, stating that providers in such agreements were better positioned financially during the pandemic. The initiative aligns with Humana’s growing presence in value-based care, supporting over 2.7 million members.

Conviva, a subsidiary of Humana, has announced the acquisition of a South Florida primary care physician network, adding 12 health care centers and over 200 staff members, including 40+ healthcare professionals. This acquisition enhances Conviva's strategy of holistic health management for seniors, expanding its payer-agnostic primary care centers to over 170 nationwide. Under Dr. Rajendra Bansal's leadership, the new addition is recognized for quality care. Patients can expect continuity in their care experience, while Conviva aims to improve health outcomes and decrease medical expenses.

Humana Inc. (NYSE: HUM) has announced that Bruce D. Broussard, President and CEO, will present at the Barclays Healthcare Conference on March 9, 2021, at 8:00 a.m. Eastern time. Investors can access a live audio webcast of the presentation through Humana’s Investor Relations page, encouraging attendees to log in 15 minutes early for system checks. Humana is committed to enhancing healthcare quality for its members through integrated care solutions, supporting healthcare professionals with resources like in-home care and data analytics.

Humana Military announced the appointment of Alefiyah Mesiwala, M.D., MPH, as Chief Medical Officer, effective March 15. Reporting to Brent Densford, she will lead medical management and clinical operations for the TRICARE contract. Humana Military has partnered with the Defense Health Agency for 25 years, assisting six million beneficiaries in achieving improved health outcomes and reduced costs. Dr. Mesiwala brings extensive experience in value-based care, having served at UPMC Health Plan and the White House, where she advanced health care policy initiatives.