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. (NYSE: HUM) has announced that Brian A. Kane, CFO, will present at the Cowen Health Care Conference on March 2, 2021, at 10:30 a.m. ET. The presentation will be accessible via a live audio webcast on Humana’s Investor Relations page. Participants are advised to log in 15 minutes prior to the session for system checks. Humana focuses on improving health outcomes for diverse populations through integrated care solutions, including in-home care and pharmacy services. More details regarding the company can be found on humana.com.
CarePlus Health Plans, Florida's largest Medicare Advantage plan, has partnered with Sharecare to enhance health management for its members. The collaboration aims to empower CarePlus members in improving their health through Sharecare’s digital platform, which includes the RealAge test and personalized action plans. All CarePlus plans now provide access to Sharecare, allowing members to track health goals and redeem rewards for healthy activities at no extra cost. This initiative reflects CarePlus's commitment to supporting Medicare beneficiaries with innovative healthcare solutions.
Humana Inc. (NYSE: HUM) has elected Marcy S. Klevorn and Jorge S. Mesquita to its board of directors, increasing the total to 14 members. Klevorn, with a 36-year career at Ford, brings expertise in digital innovation and corporate governance. Mesquita, formerly with Johnson & Johnson and Procter & Gamble, contributes extensive experience in consumer insights and brand development. These appointments aim to enhance Humana's technology, analytics, and consumer capabilities, ultimately improving healthcare experiences for members and providers.
Humana Inc. (NYSE: HUM) has declared a cash dividend of $0.70 per share, payable on April 30, 2021. Stockholders of record will be eligible if their shares are held through the close of business on March 31, 2021. The company aims to enhance healthcare delivery for its members, including those with Medicare, through integrated care solutions. Humana strives to improve overall health quality and reduce costs, emphasizing the support for healthcare professionals in providing effective patient care.
Humana Inc. (NYSE: HUM) has introduced a pilot program for Humana Care Support, which aims to enhance care for Medicare Advantage members with chronic conditions. This new initiative builds on prior care management models and integrates various healthcare professionals to address the complex needs of members in Kentucky, Pennsylvania, and West Virginia. The program emphasizes personalized, data-driven care, addressing both medical and social determinants affecting health. It utilizes advanced analytics and technology to improve service delivery and aims to expand nationwide in 2021.
Summary not available.
Humana Inc. (NYSE: HUM) is enhancing hospice services under specific Medicare Advantage plans to improve care continuity and access for advanced illness patients. This initiative, part of a four-year CMS demonstration, aims to offer better palliative support and transitional services. The program, launched on January 1, 2021, is available in cities including Atlanta and Denver, utilizing a preferred network of hospice providers. The goal is to foster seamless transitions between care teams, enabling members to benefit from hospice services while receiving necessary curative care for longer periods.
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.