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.
Conviva Care Center and CenterWell Senior Primary Care, subsidiaries of Humana (NYSE: HUM), have partnered with PsychArmor to provide military cultural competency training to healthcare providers across 23 centers in Texas. This initiative aims to earn a Veteran Ready Healthcare Certificate by educating staff on veteran-specific health barriers, military culture, communication, suicide prevention, and opioid use disorder. The goal is to improve care for aging veterans, enhancing their health outcomes by fostering better provider-patient connections. The program is expected to be completed by the end of the year. Humana supports veterans through various initiatives, including Medicare Advantage plans, TRICARE administration, and extensive community partnerships.
CenterWell Senior Primary Care is expanding into Baton Rouge and New Orleans, opening four new centers in 2024. These centers, located in Prairieville, Baker, Marrero, and Mid-City, will provide personalized, senior-focused healthcare. The first center in Prairieville will open on June 26, followed by centers in Baker, Marrero, and Mid-City throughout the summer. CenterWell, part of Humana’s Primary Care Organization, aims to address physical, emotional, and social health needs, offering services from board-certified physicians and specialists. By year-end, CenterWell will have 14 centers across Louisiana, accepting Original Medicare and many Medicare Advantage plans.
The Trust for the National Mall and Humana (HUM) announced the return of the National Mall of Pickleball for its second year, expanding with two additional courts and featuring the DC Pickleball Team's new roster. Scheduled from September 27-29, 2024, on the National Mall's JFK Hockey Fields, the event will celebrate intergenerational connections in the sport. The 2023 Sports & Fitness Industry Association reports pickleball as America's fastest-growing sport. Nearly half of its players are 55+, emphasizing its multigenerational appeal. Highlights include a search for the Ultimate Intergenerational Duo, with winners announced on August 8, 2024, coinciding with National Pickleball Day.
The University of Louisville's College of Business released a study analyzing Humana's economic and community impact on Kentucky. With more than 10,000 employees in the state, Humana significantly contributes to the economy and community.
The study, covering 2017-2023, shows Humana annually drives $13.9 billion in GDP, $2.6 billion in tax revenues, and supports over 60,000 jobs. Humana's community investments total about $51 million per year, including partnerships addressing health issues and disaster responses.
The report highlights Humana's involvement in housing stability, substance use disorder programs, and mental health support, underscoring its commitment to health equity and community well-being.
CenterWell Senior Primary Care is opening two new senior-focused centers in Asheville, N.C. in 2024, marking its entry into the area. The first center, CenterWell River Hills, began accepting patients in April and will host a grand opening on June 20, 2024.
CenterWell is part of Humana's Primary Care Organization, serving around 318,000 seniors across nearly 300 centers as of March 2024 and plans to open 30-50 new centers annually through 2025. The centers offer personalized, whole-person care with comprehensive services tailored to seniors' needs, including longer consultations and integrated care teams.
CenterWell accepts Original Medicare and many Medicare Advantage plans.
athenahealth, Availity, Harmony Park Family Medicine, and Humana (NYSE: HUM) have been awarded the 2024 KLAS Points of Light Award for modernizing the prior authorization process.
The collaboration utilized FHIR standards to streamline and automate prior authorization, reducing administrative burdens and expediting approvals. Key achievements include Availity's creation of a seamless data exchange between Humana and athenahealth platforms, saving Harmony Park 24 hours of manual work weekly.
Notably, 70% of prior authorization requests were instantly approved, reducing turnaround time from multiple days to about one day. The improvements led to quicker patient access to care, enhanced provider efficiency, and decreased administrative workload.
The award highlights significant advancements in healthcare efficiency and patient care achieved through industry collaboration.
The University of Alabama at Birmingham (UAB) Health System and Humana have signed an agreement to expand Humana's Medicare Advantage provider network in Alabama. This allows Humana Medicare Advantage members in Alabama to access various UAB and affiliated facilities, including UAB Hospital, UAB Hospital-Highlands, UAB Callahan Eye Hospital & Clinics, UAB Medical West, and UAB Medicine Outpatient Clinics.
According to Matt Berger, President of Humana's Gulf South Region, this partnership aims to offer high-quality healthcare options to Humana members, helping them achieve and maintain their best health. The agreement, effective earlier this year, aims to enhance the healthcare experience for Medicare Advantage members in Alabama.
Humana is committed to providing quality healthcare services to a diverse range of customers, including those on Medicare and Medicaid, through its insurance services and CenterWell healthcare services.
CenterWell Specialty Pharmacy has been awarded the MMIT Specialty Pharmacy Patient Choice Award in the PBM/Payer category for the sixth time in seven years, reflecting high patient satisfaction and commitment to personalized care. This award is based on net promoter scores from patient satisfaction surveys. CenterWell provides comprehensive care for chronic and complex illnesses, including 24-hour pharmacist access and specialized treatment guidance. The pharmacy also aids patients in applying for assistance programs to reduce the cost of specialty medications.
Humana (NYSE: HUM) has advanced to 6th place on Fair360's list of Top 50 Companies for Workplace Fairness, up from 10th last year. This marks its seventh consecutive year in the top rankings.
Humana's achievements in 2023 include nearly 100% of senior leaders completing cultural competency development, 22% of BIPOC talent in Director+ roles, and 50% of women in Director+ roles. The company has also made significant investments, such as $360 million with diverse suppliers and $160 million to philanthropic causes.
Humana remains dedicated to diversity, equity, and inclusion, emphasizing mentorship and sponsorship programs and aiming to foster a culture where all employees feel valued and empowered.
Humana announced that Jim Rechtin will become President and CEO on July 1, 2024, succeeding Bruce Broussard. Rechtin joined Humana in January as President and COO, working closely with Broussard. Broussard will step down from the Board but remain a strategic advisor until 2026. Rechtin will join the Board effective July 1, 2024.
Rechtin brings over 22 years of healthcare experience, previously serving as CEO of Envision Healthcare and holding roles at OptumCare and DaVita Medical Group. He aims to drive growth and improve operations, focusing on equitable, high-quality healthcare and long-term shareholder value.
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