Humana (HUM) Stock News

Humana Inc. (NYSE: HUM) has been selected by the Ohio Department of Medicaid to provide health care coverage to Medicaid beneficiaries in Ohio starting early 2022. This initiative aims to improve health outcomes through a holistic, value-based approach. Humana has a longstanding commitment to Ohio, serving over 566,000 residents via various health plans. The service contract will commence with an initial two-year term and may include renewal options. Humana Healthy Horizons, launched in 2020, continues to enhance care for complex populations by integrating diverse health services.

Humana Inc. (NYSE: HUM) will announce its 1Q21 financial results on April 28, 2021, at 6:30 a.m. Eastern time. A conference call will follow at 9:00 a.m. to discuss results and 2021 earnings guidance. Interested parties can join by dialing 888-625-7430 or via webcast on Humana's Investor Relations page. The earnings release will include non-GAAP financial measures alongside GAAP reconciliations. A replay of the call will be available after the event, and the company emphasizes its commitment to integrated healthcare solutions for its members.

The Humana Foundation has invested nearly $1 million in two local projects in greater New Orleans, focused on combating generational poverty and food insecurity. Kingsley House receives $341,000 to help families while the Growing Local Food Collaborative gets $600,000 for food security initiatives. Both organizations made significant adaptations during the pandemic, transitioning programming online and enhancing partnerships. The investments aim to address social determinants of health and promote health equity, marking the second year of partnership following positive results in 2020.

Humana Inc. (NYSE: HUM) and Epic have completed the first stage of their collaboration aimed at enhancing healthcare communication and efficiency. In 18 months, they successfully shared clinical data for over half a million Humana members and facilitated the usage of Humana's Real-Time Benefits Check tool by over 50,000 providers. Future phases will introduce automated prior authorizations and member insights, streamlining processes for providers. This joint effort is expected to improve patient care and reduce administrative burdens in the healthcare system.

Humana (NYSE: HUM) has partnered with H Mart, the largest Asian supermarket chain in the U.S., to enhance food security for qualifying members of its Medicare Advantage Dual Eligible Special Needs Plans (D-SNP). Starting March 15, 2021, these members can use the Healthy Foods Card to access a monthly allowance of up to $75 for purchasing eligible food items at over 70 H Mart locations. This initiative aims to improve health and well-being by promoting access to culturally relevant food, aligning with Humana's commitment to affordable, healthy food options.

Humana Inc. (NYSE: HUM) announces the transition of Brian Kane from CFO to pursue broader career goals, effective June 1, 2021. Susan Diamond, current Segment President for Humana’s Home Business, will serve as interim CFO. Kane will assist in an advisory role until the end of 2021. Humana's leadership acknowledges Kane's contributions, including overseeing significant operational turnarounds and fiscal discipline. A search for a permanent CFO has commenced, ensuring continued financial stewardship and strategic execution within the company.

AM Best has assigned long-term credit ratings to Humana's recently filed shelf registration, including “bbb-” for senior unsecured issues and “bb+” for subordinated issues. The outlook is positive and reflects strong financial leverage at 33.3% as of year-end 2020. Humana’s earnings have been robust, bolstered by increased Medicare Advantage membership, and the company maintains a strong earnings coverage ratio of approximately 17 times. Existing ratings for Humana and its subsidiaries remain unchanged.

Humana Inc. (NYSE: HUM) unveiled its new brand, CenterWell, aimed at consolidating its payer-agnostic health care services. The initial focus will be on its senior-centric primary care facilities, transitioning from 'Partners in Primary Care' and 'Family Physicians Group' to CenterWell Senior Primary Care. With rapid growth, the brand encompasses 41 existing centers and plans to open more across multiple states. CenterWell emphasizes a holistic approach to senior health, catering to their unique needs while ensuring a personalized care experience.

Humana (NYSE: HUM) and the University of Houston have launched a Value-based Care Specialization online program aimed at enhancing understanding and application of value-based care in health care. This fully online program includes six courses with a capstone project, available globally via Coursera. Humana emphasizes the importance of value-based care, especially in light of challenges posed by COVID-19, stating that providers in such agreements were better positioned financially during the pandemic. The initiative aligns with Humana’s growing presence in value-based care, supporting over 2.7 million members.