Humana Inc. - HUM STOCK NEWS

Humana Inc. (NYSE: HUM) is expanding its Medicare Advantage offerings by adding plans in four new New Jersey counties: Essex, Monmouth, Union, and Atlantic. This increases its reach to 17 counties, covering 80% of the state. A new Humana Honor Plan will be introduced, specifically aimed at military veterans, providing a $0 premium option without prescription coverage. The Annual Election Period for these plans runs from Oct. 15 to Dec. 7, with coverage effective Jan. 1, 2021. This initiative continues Humana's efforts to enhance health care accessibility for New Jersey residents.

Humana Inc. (NYSE: HUM) released its annual Value-based Care Report, highlighting that 2.41 million individual Medicare Advantage members experienced improved health outcomes and reduced costs due to value-based payment models. In comparison to fee-for-service models, Humana members received preventive screenings 8% to 19% more frequently and spent 211,000 fewer days in hospitals. The report indicated that $4 billion in medical expenses were avoided by members under these agreements. The findings underscore the effectiveness of value-based care in enhancing patient health and lowering healthcare costs.

Humana Inc. (NYSE: HUM) has expanded its collaboration with Fresenius Medical Care North America (FMCNA) to enhance care for members with chronic kidney disease (CKD) and end-stage renal disease (ESRD). Starting January 1, 2021, the agreement will broaden care coordination services to an additional 39 states, aiming to improve health outcomes and reduce care costs. Key initiatives include transitional care units and a value-based agreement for dialysis services. This partnership aligns with federal initiatives for early kidney disease treatment and home dialysis adoption.

Humana Inc. (NYSE: HUM) has announced an in-network agreement with Centura Health in Colorado Springs, aimed at expanding care access for Medicare Advantage HMO members. The partnership allows Humana members to utilize Centura's Penrose-St. Francis Health Services, effective January 1, 2021. This collaboration aligns with Humana's commitment to enhance healthcare options and quality for their Medicare demographic. The two organizations emphasize their shared mission to provide high-quality healthcare to the local community.

Grand View Health and Humana Inc. (NYSE: HUM) have entered an agreement to provide in-network access for Humana Medicare Advantage members in southeast Pennsylvania. This includes Grand View Hospital and its outpatient locations, effective November 1, 2020. The deal enables access to primary care providers and specialists within Grand View Health. This collaboration aims to enhance local healthcare access and quality for Humana members, reflecting both organizations' commitment to whole-person health and improving health outcomes.

Humana Inc. (NYSE: HUM) will announce its 3Q20 financial results on November 3, 2020, at 6:30 a.m. Eastern time, followed by a conference call at 9:00 a.m. to discuss the earnings. Interested parties can join the call by dialing 888-625-7430 or via a webcast on Humana’s Investor Relations page. The earnings release will include non-GAAP financial measures, which will be reconciled to GAAP figures. Humana aims to improve health outcomes and lower costs while providing various healthcare services to its members.

Humana Inc. (NYSE: HUM) announced its 2021 Medicare product offerings, featuring 69 new Medicare Advantage and Prescription Drug Plans (MAPD) across various counties. Notable benefits include $0 telehealth copays, COVID-19 testing, an Insulin Savings Program, and expanded Healthy Foods Card access for eligible members. The company emphasizes enhanced enrollment options through online and telephonic means, bolstering safety amid the pandemic. Humana's Medicare Advantage plans will expand into 125 new counties, aiming to serve over three million new Medicare-eligible individuals.

Humana Inc. (NYSE: HUM) has signed agreements with University of Toledo Medical Center (UTMC) and University of Toledo Physicians (UTP) to expand in-network access for certain Medicare Advantage and commercial health plans in Ohio and Michigan. These contracts enhance care options for Humana members, allowing them to access UTMC, a community-focused teaching hospital, and over 280 UTP physicians across various specialties. The agreements aim to improve patient-centered care during the ongoing challenges posed by the coronavirus pandemic. Financial terms of the contracts were not disclosed.

Humana Inc. (NYSE: HUM) has partnered with Rush Health to enhance access to quality medical care for Humana Medicare Advantage members in the Chicago area. The agreement allows in-network access for various Humana health plans at Rush University Medical Center and three other suburban hospitals. Additionally, it includes a value-based care initiative aimed at improving health outcomes. Humana serves approximately 4.5 million Medicare Advantage members nationwide, emphasizing community health and well-being amid ongoing pandemic challenges.