Humana Inc. reports news around its U.S. healthcare business, combining Humana insurance services with CenterWell healthcare services. Company updates commonly address Medicare Advantage and other health plan membership, Insurance segment benefit ratios, GAAP and adjusted earnings, full-year guidance, and capital returns through quarterly dividends.
News also covers CenterWell's senior-focused primary care, home health, pharmacy, hospice and retail pharmacy activities; prescription access and home delivery partnerships; healthcare research tied to medication adherence and chronic disease care; palliative care arrangements; health data interoperability; and board refreshment or other governance actions.
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Humana Inc. (HUM) reported strong 1Q23 earnings with a GAAP EPS of $9.87, up from $7.29 in 1Q22. Adjusted EPS rose to $9.38 from $7.81, driven by robust membership growth in the individual Medicare Advantage sector, which is projected to grow by at least 775,000 members, a 17% increase year-over-year. The company raised its FY 2023 EPS guidance to 'at least $27.88' on a GAAP basis and 'at least $28.25' adjusted. Total revenues for 1Q23 reached $26.74 billion, up from $23.97 billion a year earlier, supported by favorable inpatient utilization trends. Humana's operating cash flow showed significant improvement, reaching $6.69 billion, largely due to adjustments in premium payment timings.
Humana Inc. (NYSE: HUM) has declared a cash dividend of $0.885 per share, scheduled for payment on July 28, 2023, to shareholders of record as of the close of business on June 30, 2023. This dividend reflects the company's commitment to returning value to its shareholders while supporting its mission to improve healthcare for its members. Humana continues to focus on integrated care solutions, including in-home services and data analytics, which aim to enhance health outcomes and reduce costs. The company remains dedicated to its diverse members, including those in Medicare and military service.
Humana Inc. (NYSE: HUM) and the University of North Florida (UNF) are expanding the Meals on Wings program to the University of Kentucky and Lehman College. This initiative aims to combat food insecurity among older adults by providing meal assistance. The program addresses malnutrition, which affects nearly one in 12 seniors, potentially worsening chronic conditions and overburdening healthcare systems. Beginning summer 2023, the program will deliver two meals weekly to over 100 older adults in Kentucky and 30 seniors in the Bronx. This expansion reflects Humana's commitment to enhance meal security for vulnerable populations in Florida, Kentucky, and New York.
Humana Inc. (NYSE: HUM) announced a new $40 million investment, raising its total commitment to affordable housing to $90 million. This funding aims to enhance housing stability for vulnerable communities across the U.S., including states such as Arizona, Florida, and Texas. Humana's affordable housing program is designed to provide low-cost rental options, addressing health-related social needs, and ultimately reducing healthcare costs. The initiative focuses on three key areas: preventing homelessness, supporting individuals with significant health issues, and boosting community capacity. Humana’s collaboration with Raymond James Affordable Housing Investments aims to create a healthier living environment for many Americans.
Humana Inc. (NYSE: HUM) is donating $1 million to enhance mental health resources in location value="LU/us.ky.louisv"Louisville, Kentucky, following a recent mass shooting. The donation aims to support victims, families, and others affected by community trauma.
CEO Bruce Broussard expressed the profound impact of the tragedy on the community, emphasizing the need for healing and recovery. The funding will assist organizations that provide equitable access to mental health services and trauma support, reflecting the Humana Foundation's commitment to health equity.
A Community Crisis Support Line has been activated, offering 24/7 professional emotional support for all U.S. residents. This initiative aligns with Humana's broader mission to foster health equity and community well-being.