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. (NYSE: HUM) is a U.S. healthcare company in the direct health and medical insurance carriers industry, with operations spanning insurance services and CenterWell health care services. News about Humana often centers on its Medicare Advantage and Medicaid activities, partnerships that expand care models, and initiatives that address social determinants of health and health equity.
Recent announcements highlight Humana’s focus on Medicare Advantage, including earnings guidance updates and investor communications disclosed through Form 8-K filings, as well as program-specific developments such as Humana USAA Honor Giveback plans that are designed with veterans’ needs in mind. These co-branded Medicare Advantage plans feature benefits like $0 copays for in-network primary care and in-network mental health services, Part B givebacks and coverage for dental, vision and hearing, while remaining available to any eligible Medicare beneficiary in the covered areas.
Humana news also reflects its emphasis on value-based care and integrated support for complex conditions. The company has announced a partnership with Atlas Oncology Partners to offer a coordinated oncology care model for eligible Humana Medicare Advantage members in Tennessee and Mississippi, bringing together interdisciplinary care teams, care coordination, psychosocial support and advanced supportive care. In parallel, CenterWell Senior Primary Care and Conviva Senior Primary Care have partnered with Thyme Care to provide continuous, oncology-focused support to eligible patients across several states.
Beyond insurance and clinical partnerships, Humana-related coverage includes updates from the Humana Foundation on research into loneliness among underserved boys and food insecurity among seniors, as well as community impact awards through Humana Healthy Horizons in Oklahoma to organizations addressing food, housing and employment needs. Visitors to this page can explore earnings-related updates, ratings actions from agencies such as AM Best, leadership transitions, philanthropic reports and community initiatives that illustrate how Humana combines insurance, care delivery and community investment.
Humana reported a consolidated pretax loss of $458 million for 4Q20, compared to a $593 million income in 4Q19. Full-year 2020 revenues rose to $77.155 billion from $64.888 billion in FY 2019. Adjusted EPS declined to $(2.30) from $2.28 year-over-year. Medicare Advantage (MA) membership grew by 11% in 2020, with Dual Special Needs Plans up 41%. The company expects 2021 GAAP EPS guidance of $20.82 to $21.32, despite pandemic-related uncertainties. A 3.7% Medicare Advantage rate increase is anticipated.
Humana Inc. has entered into a partnership with DispatchHealth to provide an advanced level of in-home medical care for its members. This initiative aims to improve health outcomes for patients with chronic conditions, enabling them to receive hospital-level care at home in Denver and Tacoma, with plans to expand to Texas, Arizona, and Nevada. The program allows Humana members to avoid hospital visits, especially amid the COVID-19 pandemic, addressing the increased demand for in-home care. This collaboration marks a significant advancement in integrated healthcare delivery.
Humana Inc. (NYSE: HUM) has been selected by the Oklahoma Health Care Authority to provide health care coverage to Medicaid beneficiaries through its Medicaid division, Humana Healthy Horizons. This initiative will serve Temporary Assistance for Needy Families, the Children’s Health Insurance Program, and Medicaid Expansion populations, enhancing access to health services in Oklahoma. Humana, which already serves over 270,000 Oklahomans, aims to address physical and mental health needs through a whole-person approach. The contract will take effect later this year with opportunities for renewal.
The South Carolina Department of Health and Human Services has added Humana Inc. (NYSE: HUM) to its Healthy Connections Medicaid and Prime programs, enabling the company to serve Medicaid recipients in South Carolina. Enrollment for new Medicaid members will start on July 1, 2021, followed by Prime members on January 1, 2022. Humana currently serves 425,000 members in the state and provides coordinated benefits through Medicare Advantage and TRICARE. This partnership aims to enhance health coverage options for residents, particularly amid the ongoing COVID-19 pandemic.
Older Adults Technology Services (OATS) and the Humana Foundation have released a report highlighting the digital isolation crisis among U.S. seniors, revealing that nearly 22 million older Americans lack broadband access at home. The report underscores the need for digital health tools and launches the Aging Connected initiative, aiming to connect at least one million seniors to high-speed internet by 2022. Key findings include correlations between digital disengagement, race, and socioeconomic status, emphasizing the importance of public-private partnerships for closing the connectivity gap.
Humana Inc. (NYSE: HUM) announced the winners of its 2020 Go365 National Step Challenge, engaging over 42,000 participants who logged 8.6 billion steps, equating to one million meals donated to Feeding America. Teams competed in divisions based on size, with meals donated in amounts of 30,000, 15,000, or 5,000 meals for winning teams. The initiative highlights Humana's commitment to community health and wellness while addressing food insecurity. Participants also earned Points towards rewards in the Go365 program for their activity.
Monogram Health has expanded its partnership with Humana Inc (NYSE: HUM) to provide care coordination services for Medicare Advantage and commercial health plan members with chronic kidney disease (CKD) or end-stage renal disease (ESRD) in Alabama and Tennessee. This agreement builds on existing services in Louisiana and Mississippi. The initiative aims to enhance patient care through personalized plans, medication compliance, and education on treatment options, ultimately improving health outcomes for affected patients.
Partners in Primary Care, a subsidiary of Humana (NYSE: HUM), announced plans to expand its operations significantly in 2021, aiming to open up to 20 new centers. This follows the successful launch of 15 centers in 2020, bringing the total to nearly 80 centers nationwide, with expectations to reach about 100 by 2023. The organization serves approximately 57,000 patients, focusing on senior care and personalized health services. Notably, its care model has demonstrated lower hospital readmission rates and increased patient engagement even during the pandemic.
Humana Inc. (NYSE: HUM) appointed Dr. Nwando Olayiwola as Senior Vice President and Chief Health Equity Officer, effective April 5, 2021. In her new role, she will enhance health equity strategies across Humana's operations, addressing disparities magnified by the COVID-19 pandemic. Dr. Olayiwola brings over 20 years of experience and has a notable background in public health and medicine. She will work to integrate cultural sensitivity into Humana's offerings and collaborate with healthcare communities to advance health equity for diverse populations.
Humana Healthy Horizons, part of Humana Inc. (NYSE: HUM), announced a commitment of over $2.5 million to support COVID-19 relief efforts in Texas. This includes over $1 million directed towards community organizations such as Accessible Housing Austin!, YMCA of Metropolitan Dallas, and Communities In Schools of Texas, enhancing resources for low-income families and children. Additionally, the Humana Foundation contributed over $1.5 million to various local organizations, emphasizing Humana's commitment to improving community health and well-being amid the ongoing pandemic.