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. 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.
CenterWell Senior Primary Care is set to open three new centers in Charlotte, N.C., including CenterWell University City on January 19, 2023. This expansion marks the company's entry into the Charlotte area, enhancing access to personalized healthcare for seniors amidst a projected growth of 100,000 individuals aged 65+ over the next decade. CenterWell operates over 220 centers across 11 states, with plans for 30-50 new openings annually through 2025. Each center will focus on value-based care, staffed by certified professionals, and provide additional community support initiatives, including a $20,000 donation to The Shepherd’s Center in Charlotte.
Humana Inc. (NYSE: HUM) announced a $625,000 grant to Feeding America to support mobile food pantries across nine states, addressing food insecurity in underserved communities. This initiative, rooted in a 23-year partnership, aims to deliver healthy groceries, including meat, fruits, and personal care items, to those in need. Targeted areas include Ohio, Michigan, Missouri, Texas, Mississippi, Georgia, Tennessee, West Virginia, and Wisconsin. Humana's commitment to fighting hunger is underscored by a total of $6.7 million contributed over the partnership's duration.
Humana Inc. (NYSE: HUM) is set to release its 4Q22 financial results on February 1, 2023, at 6:30 a.m. Eastern time. A conference call will follow at 9:00 a.m. Eastern time for discussing the results and guidance for 2023. Participants can register via a provided link and will receive a confirmation email with joining details. The earnings news release will feature financial measures not in line with GAAP, with reconciliations included. Archived presentations will be available on Humana’s Investor Relations page.
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.
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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 location value="LU/us.fl.orlndo"Orlando, Florida, focused on serving Medicare beneficiaries. Following a successful launch in location value="LU/us.fl.winven"Winter Haven, the new 5,000-square-foot facility offers free health education programs and services to the local community. A recent survey revealed that 85% of respondents would recommend CarePlus Health Plans due to the center’s offerings. The center also supports local residents through various community drives.
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.