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.
CarePlus Health Plans has launched the CarePlus Community Navigator, a new platform to aid Floridians in accessing essential local resources. The platform addresses social determinants of health like food security, housing, and transportation. Users can find resources such as food banks, transportation options, and affordable housing. Initial data indicate 47% of searches are related to food security, 26% to housing, and 8% to transportation.
CarePlus President Steven Ruiz emphasized that this initiative aims to enhance health equity across Florida. The platform is part of a broader effort by CarePlus and its partners to use local health data to better serve the community. For more information, visit CarePlus Community Navigator.
The Trust for the National Mall and Humana (NYSE: HUM) announce the second annual National Mall of Pickleball event, scheduled for September 27-29, 2024, in Washington D.C. This year's event, themed 'One for the Ages,' will feature 11 temporary courts and over 250 hours of pickleball activities. New additions include two extra courts, the 'Ultimate Duo Challenge' celebrating intergenerational relationships, and various tournaments. Advance court reservations open on September 18, 2024, at 12:00pm ET.
The event aims to promote intergenerational connections and active lifestyles. It will offer free community play, lessons, and spectator opportunities. Funds raised will support the Trust's mission to preserve and enhance the National Mall. The collaboration between the Trust and Humana emphasizes the importance of social connection and physical health in promoting healthy living, particularly for seniors.
The Humana Foundation, the philanthropic arm of Humana Inc. (NYSE: HUM), has announced 80 winners of college scholarships for the 2024-25 school year. The scholarships, awarded to children of Humana employees, provide up to $3,000 annually for postsecondary education, renewable for up to three years with a total possible award of $12,000. This year's recipients were selected from a record 651 applicants nationwide, based on academic achievement, leadership ability, and financial need.
The program expanded eligibility to include students attending accredited vocational and technical schools. In addition to the 80 new scholarship winners, 162 students renewed their scholarships from the previous year. Since 2001, the Humana Foundation has awarded over $15 million to assist more than 1,700 children of Humana employees in pursuing higher education.
Humana has reported its financial results for the second quarter of 2024. Key metrics include a GAAP EPS of $5.62 and an Adjusted EPS of $6.96. Year-to-date figures show a GAAP EPS of $11.74 and an Adjusted EPS of $14.19. Revenue for the quarter rose to $29.54 billion from $26.75 billion in 2Q23, while Adjusted Revenue increased to $29.38 billion from $25.73 billion.
However, the company revised its full-year GAAP EPS guidance to approximately $12.81 from $13.93, but maintained its Adjusted EPS guidance at $16.00. Additionally, Humana projected an increase in its individual Medicare Advantage membership growth by 75,000, anticipating a total growth of 225,000 members, or 4.2%, for 2024.
Operating cost ratio improved to 10.8% from 11.8% last year. The Insurance segment showed a benefits expense ratio of 89.5%, up from 86.8% in 2Q23. Operating cash flows decreased to $1.64 billion. The announcement included a Q&A session at 9 a.m. ET and updates on their Investor Relations page.
Humana Inc. (NYSE: HUM) has announced a new multi-year agreement with Google Cloud to modernize its cloud infrastructure and leverage AI capabilities for healthcare innovation. This collaboration builds on an existing partnership between Google Health and Humana, aiming to develop solutions for population health and improve member experiences. Key points include:
1. Enhancing operational efficiency and personalized care
2. Improving contact centers, provider networks, and primary care
3. Utilizing Google Cloud's AI and cloud technologies
4. Commitment to ethical AI use and HIPAA compliance
5. Focus on reducing healthcare costs and improving access to care
The partnership aims to transform healthcare delivery by combining Humana's healthcare expertise with Google Cloud's advanced technologies.
Humana Healthy Horizons, the Medicaid business of Humana Inc. (NYSE: HUM), is investing in community-based organizations throughout Oklahoma to expand healthcare access for underserved populations. Key initiatives include:
1. Partnering with Volunteers of America Oklahoma to create a Family-Focused Recovery center in Lawton for pregnant women and mothers with Substance Use Disorder.
2. Supporting CREOKS in developing an integrated behavioral and physical health center in Broken Arrow.
3. Sponsoring the Rural Health Innovation Challenge to address community health issues.
4. Backing Variety Care's new school-based clinic on the Crooked Oak campus.
These investments aim to improve healthcare access, particularly in rural areas, focusing on maternal and behavioral health services.
CenterWell, part of Humana Inc. (NYSE: HUM), has announced plans to open 23 senior-focused primary care centers at Walmart Supercenter locations in Florida, Georgia, Missouri, and Texas. These centers, operating under the CenterWell Senior Primary Care and Conviva Care Centers brands, will provide convenient primary care services designed specifically for seniors.
The centers are expected to be fully operational by the first half of 2025. They will be located in clinical office spaces previously occupied by Walmart Health, offering easy access and dedicated entrances for patients. CenterWell's Primary Care Organization currently serves about 318,000 seniors across 15 states as of March 31, 2024.
Humana Inc. (NYSE: HUM) has announced a minority investment in Healthpilot, a company developing a personalized digital enrollment experience for seniors exploring Medicare options. This strategic move aligns with Humana's commitment to creating a more efficient and consumer-centric healthcare ecosystem.
Healthpilot's AI-powered platform provides recommendations for Medicare Advantage, Medicare Supplement, and prescription drug plans based on beneficiaries' unique healthcare profiles. The platform will remain payor-agnostic, ensuring unbiased recommendations.
This investment aims to enhance Humana's digital growth and improve the education, shopping, and enrollment experiences for Medicare customers. Healthpilot plans to use the investment to improve its product experience, grow its online brand, accelerate data analytics, and enhance AI capabilities.
Humana Inc. (NYSE: HUM) has been recognized as a '2024 Best Places to Work for People with Disabilities' after scoring 100 on the Disability Equality Index® for the fifth consecutive year. This achievement underscores Humana's commitment to fostering a culture of belonging and supporting employees of all abilities.
Key points:
- The Disability Equality Index® is the world's most comprehensive disability benchmarking tool
- Humana's ACCESS network resource group plays a important role in disability inclusion
- The company's perfect score reflects its implementation of forward-thinking disability inclusion practices
Carolyn Tandy, SVP and Chief Diversity, Equity & Inclusion Officer, emphasized that this recognition helps Humana measure progress and identify opportunities to further advance their culture of belonging.
Humana Inc. (NYSE: HUM) will release its 2Q24 financial results and management remarks in PDF format on July 31, 2024, at 6:30 a.m. ET. A live Q&A session will follow at 9:00 a.m. ET to discuss the earnings and 2024 guidance. Both telephone and webcast participants are encouraged to register and join early. The archived webcast will be available approximately two hours post-event. The earnings release will include both GAAP and non-GAAP financial measures, with reconciliations provided. Visit Humana’s Investor Relations page for more details.
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