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.
Humana Military has been awarded a managed care support contract for the TRICARE East Region by the Defense Health Agency. This contract marks the sixth secured since 1996 and covers approximately 4.6 million beneficiaries across 24 states and Washington, D.C. The contract has one base year with eight annual options, potentially lasting nine years, the longest duration in TRICARE history. Humana Military aims to enhance care quality for military members and families, although finalization depends on the resolution of any protests from other bidders.
Humana Inc. (NYSE: HUM) will present at the J.P. Morgan Healthcare Conference on January 9, 2023, at 3:45 p.m. Pacific Time. Bruce D. Broussard, the President and CEO, will lead the presentation, which can be accessed via a live audio webcast on Humana's Investor Relations page. Participants are encouraged to log on 15 minutes early for system testing. Humana focuses on integrated care solutions to improve health outcomes and reduce costs, supporting various health professionals and delivering comprehensive services to its members.
Humana Inc. (NYSE: HUM) and Mays Business School at Texas A&M University announced the winners of the 2022 Humana-Mays Healthcare Analytics Case Competition. This year's competition attracted over 550 master’s level students from 48 universities, competing for a total of $80,000 in prizes. UCLA's team won first place with a prize of $50,000. The focus was on health-related social needs, particularly housing insecurity. Humana emphasized its commitment to addressing social determinants of health through advanced analytics.
Humana Inc. (NYSE: HUM) has successfully completed a $1.25 billion public offering of senior notes. This includes $500 million in 5.750% senior notes due in 2028 and $750 million in 5.875% senior notes due in 2033. The expected net proceeds are approximately $1.232 billion, primarily earmarked for repaying existing senior notes maturing in December 2022 and general corporate purposes. The offerings were managed by BofA Securities, Goldman Sachs, J.P. Morgan, and PNC Capital Markets. The company is subject to various risks, including those linked to healthcare costs and COVID-19 impacts.
Humana Inc. has opened its second CarePlus Community Center in
CenterWell Senior Primary Care plans to expand in 2023, announcing the opening of 30 to 35 new centers in markets including Virginia, Mississippi, and Indiana, as well as existing states like Louisiana, Texas, and South Carolina. This initiative is part of a joint venture with Welsh, Carson, Anderson & Stowe. CenterWell focuses on providing senior-focused primary care, operating over 220 centers across 11 states, and aims for continued growth of 30-50 centers annually through 2025. The model emphasizes enhanced doctor-patient relationships, improving health outcomes and patient satisfaction.
Humana has been recognized as the leading insurance company for Medicare Advantage plans in 2023 by U.S. News & World Report, excelling in three key categories: overall rating, member experience, and low-premium plan availability.
With 4.9 million members, or 96%, enrolled in plans rated 4 stars and above, Humana emphasizes quality care and customer service. The recognition follows a strong performance in CMS Star ratings, which evaluate plans on a 1-to-5 star scale. Humana’s commitment to enhancing health outcomes for Medicare beneficiaries has helped solidify its top position in the industry.
CenterWell Senior Primary Care is set to launch three new primary care centers in Louisville, Kentucky, enhancing access to senior-focused healthcare. These centers, part of CenterWell's expansion plan, will incorporate a team-based approach to care. With over 220 centers currently operational, they plan to open 30-50 more annually by 2025. A notable community contribution includes $20,000 donated to local non-profits. The first center began operating on October 24, with upcoming openings on November 21 and January 17.
AM Best has assigned a Long-Term Issue Credit Rating of bbb- (Good) to Humana Inc. (HUM) for its $500 million of 5.75% senior unsecured notes due March 1, 2028, and $750 million of 5.875% senior unsecured notes due March 1, 2033. The outlook for the ratings is stable. Proceeds are expected to refinance $1 billion in debt due in December and for general corporate purposes. Humana maintains a financial leverage of 41%, which is in line with industry standards, while targeting a debt-to-capital ratio below 40%.
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