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.
Humana Inc. has completed the rebranding of its home health division, Kindred at Home, to CenterWell Home Health, now operational in over 350 locations across 38 states. This initiative is integral to integrating home health services into Humana's broader business model, aiming to enhance patient outcomes.
With the rollout of the CenterWell brand, Humana focuses on unifying its healthcare services, including home health, primary care, and pharmacy, to provide a seamless care experience for its members, improving overall health and reducing costs.
Humana Inc. has partnered with Mays Business School at Texas A&M University to host the 2022 Humana-Mays Healthcare Analytics Case Competition. The competition, which aims to enhance students' analytical skills in addressing real-world healthcare challenges, offers a total prize package of $80,000 for winning teams. Eligible participants include graduate students from accredited U.S. institutions, competing in teams of 2 to 4. Key dates include registration opening on August 1, with finals announced on November 10.
CenterWell Senior Primary Care is set to launch nine new primary care centers aimed at seniors in the Phoenix area by early 2023. This expansion marks CenterWell's entry into the Arizona market, enhancing access to personalized healthcare services for local seniors. The initiative is part of a larger growth strategy, with plans to open up to 100 additional centers by 2025. Each location will provide care from board-certified professionals, emphasizing a holistic approach to patient health.
Humana Inc. (NYSE: HUM) has declared a cash dividend of $0.7875 per share, payable on October 28, 2022, to stockholders of record as of the close of business on September 30, 2022. This dividend reflects Humana's commitment to returning value to its shareholders while supporting integrated care delivery to enhance health outcomes for its members, including those in Medicare and military service personnel. The company aims to lower healthcare costs and improve the quality of life for its diverse membership.
Humana Inc. (NYSE: HUM) announced its acquisition of Inclusa, Inc., a Managed Care Organization in Wisconsin, enhancing its long-term care service offerings. This acquisition is aimed at supporting approximately 16,600 older adults and adults with disabilities through Wisconsin's Family Care program. Inclusa has been connecting members with essential services for over 20 years and collaborates with over 6,000 service providers. The transaction, which is subject to regulatory approval, follows Humana's previous acquisition of iCare in 2020 and aims to increase its Medicaid membership, currently around 1 million across five states.
Humana Inc. (NYSE: HUM) has successfully completed its transaction with Clayton, Dubilier & Rice to divest a majority interest in the Hospice and Personal Care divisions of its subsidiary, Kindred at Home. The restructured divisions operate as a new standalone company, ensuring continued commitment to patient-centered care. Humana retains a minority ownership and strategic partnership to support these operations. The new entity, Gentiva, aims to enhance access and quality of care for patients while remaining an attractive employer for health professionals.
Humana Inc. (NYSE: HUM) has announced a $500,000 donation to support recovery efforts in Eastern Kentucky and neighboring states affected by historic flooding that began on July 27. The funds will assist organizations like the Team Eastern Kentucky Relief Fund and others, addressing basic needs such as shelter and medical care. Humana is also providing its members in relief areas with extended access to medical services and pharmacy refills, waiving certain referral requirements to ease their recovery process.
Humana has been recognized as the No. 1 health insurer for customer experience quality in Forrester's 2022 U.S. Customer Experience Benchmark survey for the second consecutive year. This ranking is based on feedback from over 96,000 U.S. respondents across various industries. Humana excelled in categories such as clear communication, transparent pricing, and customer service. The survey indicates that superior customer experience can significantly enhance brand loyalty and revenue, highlighting the importance of customer-centric strategies.
Humana reported 2Q22 earnings per diluted common share of $5.48 (GAAP) and $8.67 (Adjusted), with year-to-date EPS at $12.77 (GAAP) and $16.70 (Adjusted). The company raised its FY 2022 EPS guidance to approximately $20.30 (GAAP) and $24.75 (Adjusted), reflecting a 20% growth over FY 2021. Membership growth in Medicare Advantage is projected between 150,000 to 200,000 members. Significant improvements were noted in medical cost trends, allowing for increased investments and a positive outlook for the upcoming enrollment period.
Humana Inc. (NYSE: HUM) is hiring approximately 300 seasonal Enrollment Representatives for remote work nationwide. This recruitment supports the upcoming Medicare Annual Election Period, from October 15 to December 7, 2022. The roles focus on assisting members with enrolling in Medicare Advantage and Prescription Drug Plans. Candidates with customer service experience will undergo virtual interviews starting in August, with positions beginning from early September to November. In addition to these seasonal roles, Humana continues to offer full-time opportunities across its organization.