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.
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.
Humana Inc. (NYSE: HUM) announced its Medicare Star Ratings for its Medicare Advantage plans, with a notable achievement of a 5-star rating for its CarePlus Health Plans in Florida for the third consecutive year, covering around 164,300 members. Additionally, the company attained a 4.5-star rating for three contracts across seven states. Overall, 92% of its Medicare Advantage membership is in plans rated 4 stars or higher. Humana's ratings reflect its commitment to quality care amidst the ongoing pandemic.
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.
