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.
On April 10, 2023, Humana (NYSE: HUM) announced the appointment of Dr. Billy Oglesby as the Humana Dean of the College of Population Health at Thomas Jefferson University. This role was made possible through a $15 million donation aimed at improving community health and health equity, particularly for marginalized populations in Greater Philadelphia. Dr. Oglesby, an experienced population health strategist, aims to leverage this partnership to advance healthcare quality and patient safety. His past accomplishments include launching quality improvement programs and establishing community health initiatives. The significant investment reflects Humana's commitment to transforming health outcomes and addressing social determinants of health.
Humana Inc. (NYSE: HUM) released its 2022 Impact Report, emphasizing its commitment to improving healthcare equity and accessibility. Key highlights include a 26% reduction in avoidable hospitalizations for members using integrated services like CenterWell. In 2022, the company screened 1.24 million individuals for social health needs and invested over $22.5 million in community initiatives. Humana surpassed its environmental goals with a 35% reduction in greenhouse gas emissions and a 64% waste diversion rate. The report outlines efforts to enhance diversity, equity, and inclusion within the organization, with over 94% of executive leaders completing competency training.
Humana Inc. (NYSE: HUM) has invested $488,000 in community initiatives in Texas to enhance health and well-being. This funding is part of a broader commitment, totaling $1.4 million since 2020. Key areas of focus include maternal and child health, mental health services, and housing for families. The Humana Foundation has additionally granted $7.3 million since 2018 to similar causes. Over 1.5 million Texans receive health coverage through Humana's various health plans, underscoring its significant role in the state's healthcare landscape.
Humana Inc. (NYSE: HUM) will announce its financial results for the first quarter of 2023 on April 26, 2023, at 6:30 AM ET. A conference call is scheduled for the same day at 9:00 AM ET to discuss these results and provide earnings guidance for 2023. Investors can participate via telephone after registering in advance. A webcast will also be available on Humana’s Investor Relations page. The earnings news release will include non-GAAP financial measures, with a reconciliation provided. Humana aims to improve health care delivery and lower costs, emphasizing their support for health care professionals and integrated care delivery.
Humana (NYSE: HUM) has pledged a total of $15 million to Thomas Jefferson University to enhance community health and promote health equity. Through the establishment of the Humana Insights for Action Fund, which includes a $3 million commitment, the partnership aims to leverage data analytics and research to address health disparities in underserved populations. Additionally, a $12 million endowment will fund three key positions focused on advancing health equity. This initiative underscores Humana's dedication to fostering equitable healthcare solutions across marginalized communities.
The Humana Foundation has appointed David A. Jones Jr. as the new Chairman of the Board, effective April 1, 2023. Jones has over 26 years of service with the Foundation and has been a board member of Humana Inc. since 1993. He succeeds Bruce Broussard, who will remain on the Board but step down as Chairman. Jones aims to enhance the Foundation's efforts in promoting health equity and community wellness. The Foundation, established in 1981, focuses on eliminating barriers to health and fostering collaborations to support underserved communities.
Humana Healthy Horizons, the Medicaid division of Humana Inc. (NYSE: HUM), contributed over $1 million to Louisiana non-profits in the past year, supporting initiatives focused on health, housing, education, and food security. Among the recipients are organizations like the American Heart Association and Access Health Louisiana. Regional President Lori Dunne emphasized the company's commitment to improving community health. Humana serves over 437,000 Louisianans through various healthcare programs and has been selected to manage Medicaid for beneficiaries in the state starting in 2023.
Humana Inc. (NYSE: HUM) has successfully completed a public offering of $1.25 billion in senior notes. This includes $500 million of 5.700% notes maturing in 2026 and $750 million of 5.500% notes maturing in 2053. The anticipated net proceeds amount to approximately $1.211 billion, primarily to repay a $500 million Delayed Draw Term Loan. Any excess funds will be allocated for general corporate purposes. A cautionary statement highlights potential risks associated with Humana's financial health, strategic initiatives, and regulatory compliance amidst ongoing challenges posed by the COVID-19 pandemic.
An independent analysis from Florida State University reveals that Humana Inc. (NYSE: HUM) significantly impacts Florida's economy, contributing approximately $48 billion in total economic activity in 2022. The study estimates that Humana supports over 288,000 jobs, generating $18 billion in wages and $472 million in taxes. Humana employs around 11,000 Floridians and serves over 2.6 million health plan members across various programs. The analysis underscores Humana's ongoing commitment to improving health outcomes and economic well-being in Florida.
Humana Inc. (NYSE: HUM) has been recommended by the Indiana Family and Social Services Administration to receive a contract for the Medicaid Managed Long Term Services and Supports (MLTSS) program in Indiana, beginning in 2024. This contract allows Humana to expand its services, already supporting nearly 350,000 members in the state through various health plans. The initiative emphasizes a person-centered approach, leveraging technology and data analytics to enhance health outcomes and address disparities. The contract's initial term is four years, with options for renewal, allowing Humana to continue serving dually eligible Medicaid and Medicare members.