Humana Stock Price, News & Analysis

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.

Humana Inc. (NYSE: HUM) and Interwell Health have expanded their value-based care agreement to include Florida for eligible Humana Medicare Advantage members with chronic kidney disease (CKD) and end-stage kidney disease (ESKD). This expansion brings Interwell's support services to 14 states for CKD members and 39 states for ESKD members.

The program offers comprehensive care and specialized resources, including access to 2,000 network nephrologists and various healthcare professionals. Humana reported a 5% reduction in unnecessary hospital admissions in 2023 through its value-based kidney care partnerships. The expansion aims to improve patient outcomes and quality of life for the growing number of adults living with kidney disease.

Texas A&M University's Mays Business School and Humana Inc. have launched the 2024 Humana-Mays Healthcare Analytics Case Competition. This nationwide competition, now in its eighth year, offers master's students from AACSB-accredited programs a chance to tackle real-world healthcare business problems. Teams of 2-4 students compete for a total prize package of $90,000, with the first-place team winning $50,000.

The virtual competition is open to all U.S. accredited institutions and focuses on showcasing students' analytical talents. Judging criteria include quantitative analysis, professionalism, data visualization, and the ability to provide meaningful recommendations. Key dates include team registration by September 27, with final presentations and winners announced on November 14.

Humana Inc. (HUM) has been named a Certified™ Great Place To Work® for the third consecutive year, based on employee feedback. 81% of employees rated Humana as a great workplace, surpassing the average company by 24 percentage points. Employees praised Humana's focus on well-being, work-life balance, and welcoming atmosphere. The company has implemented various initiatives, including its first Community Day and an improved Military-Connected Hiring Strategy. Humana has also received recognition on other prestigious lists, such as Fortune's Best Workplaces in Health Care™ and PEOPLE's 100 Companies That Care. This certification is expected to positively impact job seekers' perceptions and employee retention.