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.
Humana Inc. (NYSE: HUM) has entered into a Medicare network agreement with Primary Care Partners, effective January 1, 2021. This partnership allows Humana Medicare Advantage PPO members to access all Primary Care Partners providers in Grand Junction and Fruita. Both companies expressed enthusiasm for the collaboration, which aims to enhance care accessibility for patients. Humana emphasizes its commitment to integrated care, aiming to improve health outcomes while lowering costs for members.
Humana Inc. (NYSE: HUM) has announced a $5 million investment in an outcomes-based fund to enhance the Family Focused Recovery program operated by Volunteers of America (VOA). This initiative aims to support mothers with substance use disorders and their children, reflecting Humana's commitment to innovative care models. The program combines addiction treatment with family support to improve recovery success. In collaboration with Quantified Ventures, Humana aims to expand VOA's reach and effectiveness, addressing the increasing demand for community-based health services.
Cohere Health has partnered with Humana (NYSE: HUM) to enhance the prior authorization process for musculoskeletal treatment across 12 states, starting January 1, 2021. Utilizing the CohereNext Platform, the partnership aims to streamline authorizations and improve healthcare experiences for around 2 million members and over 3,500 physician practices. This initiative focuses on reducing administrative burdens while enhancing evidence-based treatment options, supporting Humana's vision for modern, efficient healthcare delivery.
Humana Inc. (NYSE: HUM) has entered into an in-network agreement with University Medical Center New Orleans, expanding access to care for its Medicare Advantage members. From January 1, 2021, members of plans including Humana Gold Plus (HMO) and Humana Choice (PPO) will benefit from this partnership, enhancing their healthcare options. University Medical Center, a Level 1 Trauma Center in southern Louisiana, aims to provide high-quality care to more patients in the community. This collaboration signals Humana's commitment to enhancing care accessibility in the Greater New Orleans area.
Humana Inc. (NYSE: HUM) has partnered with Disabled American Veterans (DAV) as their exclusive national Medicare Advantage, PDP, and Medicare Supplement sponsor. This collaboration aims to enhance veterans' access to healthcare services, empowering them to live healthy lives. Humana's plans include specific offerings like the Humana Honor plan, tailored for veterans, and initiatives addressing social determinants of health. The partnership will also involve jointly organized health-related programs. The relationship was inaugurated with the 2020 DAV 5K event, underscoring Humana's commitment to veterans' well-being.
Humana Inc. (NYSE: HUM) is expanding its Medicare Advantage offerings in Tennessee by introducing a new Health Maintenance Organization (HMO) plan in 31 rural counties including Knoxville, Memphis, and Nashville. The new plan, featuring a $0 premium and low copays, will be available during the Medicare Annual Election Period from Oct. 15 to Dec. 7, 2020, for coverage starting Jan. 1, 2021. Humana is also offering its Humana Honor plan statewide, which can complement VA benefits for military veterans. These efforts aim to enhance healthcare access for Tennesseans.
Humana Inc. (NYSE: HUM) has expanded its preferred stand-alone Medicare Part D pharmacy network for 2021, now including Kroger Health, Costco, Publix, and HEB. This addition increases the number of participating pharmacies to nearly 9,500, allowing members to enjoy lower out-of-pocket costs on prescriptions. Effective January 1, 2021, this move aligns with Humana's commitment to improving healthcare accessibility and personalizing the member experience, as stated by Senior VP Susan Smith.
Humana Inc. (NYSE: HUM) and The Humana Foundation have committed over $1 million in COVID-19 relief for communities in Georgia. The support includes a $500,000 contribution to the Community Foundation for Greater Atlanta’s COVID-19 Response Fund and $350,000 to the Food as Medicine program. Other donations address food security, health, and housing initiatives, including $25,000 for eviction assistance. Humana focuses on long-term community support to address health equity and improve well-being, especially in areas heavily impacted by COVID-19.
CarePlus Health Plans, a subsidiary of Humana, has achieved the highest quality rating, a 5-Star rating from the Centers for Medicare & Medicaid Services for the 2021 plan year. This marks the third consecutive year and fourth overall for this rating. CarePlus serves approximately 164,300 members in Florida, emphasizing member experience and collaboration with healthcare providers. The 5-Star rating is based on over 40 quality measures across nine categories, including member satisfaction and health service quality.
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