Humana Stock Price, News & Analysis

On Oct. 13, 2021, Cohere Health announced a nationwide expansion of its digital authorization platform for musculoskeletal services in partnership with Humana Inc. (HUM). Following a successful initial rollout in 12 states, the platform now processes 95% of MSK authorization requests, reducing approval times to a median of 0 minutes in 89% of cases. The expansion aims to enhance provider satisfaction and care delivery while improving efficiency. Cohere's platform integrates AI and clinical policies to streamline authorization, fostering a collaborative care approach across Humana's network.

Humana has announced a substantial expansion of its Medicare Advantage (MA) offerings in Tennessee for the 2022 plan year, introducing a new statewide Dual Eligible Special Needs Medicare Advantage (D-SNP) plan and a $0 premium PPO plan in 38 counties. The new D-SNP includes a $75 monthly Healthy Foods Card. Additionally, the Humana Honor plan is enhanced with increased benefits. COVID-19 coverage is also included in all MA plans, offering $0 copay for testing and home-delivered meals for members with a COVID diagnosis.

Humana Inc. subsidiary CarePlus Health Plans has earned a 5-star quality rating for its Medicare Advantage HMO plan in Florida for the fifth time, with this being the fourth consecutive year of achieving this rating from Centers for Medicare & Medicaid Services (CMS). The company has doubled its member base to approximately 200,000 members over six years, showcasing a strong commitment to healthcare quality and customer service. The recognition reflects CarePlus's focus on delivering excellent services during the pandemic, supported by a dedicated team of healthcare professionals.

Humana Inc (NYSE: HUM) announces its statewide HMO Medicare Advantage plan in Tennessee has received a 5-star rating from the Centers for Medicare & Medicaid Services (CMS), recognizing its commitment to high-quality care and member service. This plan, available in all of Tennessee's 95 counties, has previously achieved a 5-star rating in 2019. The rating reflects Humana's focus on member engagement and successful partnerships with physicians, enhancing care continuity during the COVID-19 pandemic. The Medicare Advantage Annual Election Period runs from Oct. 15 to Dec. 7, 2021.

Humana Inc. (NYSE: HUM) announced that its Louisiana Medicare Advantage HMO plan achieved a 5-star rating from the Centers for Medicare and Medicaid Services for the 2022 plan year. This achievement reflects Humana's commitment to quality care, serving over 185,000 members statewide. Humana's success is attributed to a collaborative strategy with local healthcare providers, focusing on positive health outcomes, especially during the COVID-19 pandemic. The Medicare Advantage Annual Election Period is from Oct. 15 to Dec. 7, 2021, with new coverage starting on Jan. 1, 2022.

Humana Inc. (NYSE: HUM) announced that its Kentucky HMO plan has received a 5-star quality rating for the 2022 plan year from the Centers for Medicare and Medicaid Services (CMS). This rating, awarded to only four Medicare Advantage plans nationwide, underscores Humana’s commitment to high-quality care and patient-centered outcomes. Humana’s collaborations with local health providers have enhanced care accessibility for members. The Medicare Advantage enrollment period begins on Oct. 15, allowing eligible individuals to select plans with top ratings.

Humana Inc. (NYSE: HUM) achieved significant success in the 2022 Medicare Star Ratings, receiving a record four 5-star ratings across its contracts, covering around 527,000 members in Florida, Louisiana, Tennessee, and Kentucky. Additionally, it secured 4.5-star ratings for eight Medicare Advantage contracts, impacting over 1.6 million members. Approximately 97% of Humana's Medicare Advantage members are enrolled in plans rated 4 stars and above. The company emphasizes its commitment to high-quality care and customer service as it continues to navigate healthcare delivery challenges amidst the COVID-19 pandemic.

Humana Inc. (NYSE: HUM) is launching a new affordable Medicare Advantage PPO plan in 37 rural counties of Eastern North Carolina, aiming to provide enhanced healthcare options during the upcoming Medicare Advantage Annual Election Period from Oct. 15 to Dec. 7, 2021, with coverage starting Jan. 1, 2022. The plan features a $0 premium, low copays for various services, and special support for COVID patients. Additionally, it includes benefits for veterans and is designed to integrate care effectively.

The Humana Foundation, the philanthropic arm of Humana Inc. (NYSE: HUM), has announced a $200,000 donation to support Hurricane Ida recovery efforts in Louisiana. This donation aims to assist communities affected by the hurricane's devastation, which includes flooding and damage to homes. The funds will be distributed via the Greater New Orleans Foundation, focusing on urgent recovery needs. The Humana Foundation has a history of supporting disaster relief efforts, emphasizing food and financial security.