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. (HUM) is a leading health insurance provider specializing in government-sponsored healthcare programs and integrated wellness solutions. This dedicated news hub provides investors and industry professionals with timely updates on corporate developments, financial performance, and strategic initiatives shaping the healthcare sector.
Access authoritative information through verified press releases covering earnings announcements, Medicare Advantage plan expansions, Medicaid service updates, and partnerships in primary care innovation. Track regulatory filings related to prescription drug plans and pharmacy benefit management services critical to HUM's operations.
Key updates include insights into value-based care models, military health program (TRICARE) enhancements, and advancements in at-home healthcare services. All content is sourced directly from company communications to ensure accuracy for financial analysis and market trend evaluation.
Bookmark this page for streamlined access to HUM's latest operational milestones and healthcare industry leadership updates. Check regularly for objective reporting on developments impacting one of America's largest managed care organizations.
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.
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.
