Humana - HUM STOCK NEWS

Humana Inc. reported first-quarter 2021 results showing significant growth, with consolidated pretax income reaching $1,040 million compared to $717 million in Q1 2020. Diluted EPS rose to $6.39 from $3.56 year-over-year. Adjusted pretax income was $1,255 million, a notable increase from $1,035 million. The company's revenues increased to $20,668 million from $18,935 million in Q1 2020. Humana revised its GAAP EPS guidance for FY 2021 to $19.62-$20.12, down from $20.82-$21.32 but maintained its adjusted EPS guidance at $21.25-$21.75.

Humana Inc. (NYSE: HUM) has entered into a definitive agreement to acquire the remaining 60% interest in Kindred at Home for an enterprise value of $8.1 billion. This includes Humana's existing $2.4 billion equity stake from its 40% ownership. Kindred at Home, the largest home health and hospice provider in the U.S., employs around 43,000 caregivers servicing over 550,000 patients annually. The acquisition aims to enhance Humana's home-based care models and streamline the delivery of personalized care, with expectations to close in Q3 2021, pending regulatory approvals.

Humana Inc. (NYSE: HUM) has declared a cash dividend of $0.70 per share, payable on July 30, 2021, to stockholders of record as of June 30, 2021. This move underscores the company's commitment to delivering value to its shareholders while continuing to prioritize integrated health care solutions for its members. Humana aims to enhance care delivery through various services, including in-home care and data analytics, enhancing health outcomes and sustainability.

Humana Inc. (NYSE: HUM) has been selected by the Ohio Department of Medicaid to provide health care coverage to Medicaid beneficiaries in Ohio starting early 2022. This initiative aims to improve health outcomes through a holistic, value-based approach. Humana has a longstanding commitment to Ohio, serving over 566,000 residents via various health plans. The service contract will commence with an initial two-year term and may include renewal options. Humana Healthy Horizons, launched in 2020, continues to enhance care for complex populations by integrating diverse health services.

Humana Inc. (NYSE: HUM) will announce its 1Q21 financial results on April 28, 2021, at 6:30 a.m. Eastern time. A conference call will follow at 9:00 a.m. to discuss results and 2021 earnings guidance. Interested parties can join by dialing 888-625-7430 or via webcast on Humana's Investor Relations page. The earnings release will include non-GAAP financial measures alongside GAAP reconciliations. A replay of the call will be available after the event, and the company emphasizes its commitment to integrated healthcare solutions for its members.

The Humana Foundation has invested nearly $1 million in two local projects in greater New Orleans, focused on combating generational poverty and food insecurity. Kingsley House receives $341,000 to help families while the Growing Local Food Collaborative gets $600,000 for food security initiatives. Both organizations made significant adaptations during the pandemic, transitioning programming online and enhancing partnerships. The investments aim to address social determinants of health and promote health equity, marking the second year of partnership following positive results in 2020.

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.