Humana Stock Price, News & Analysis

Humana and Longevity Health have announced an expanded agreement to offer Humana Together in Health, a Medicare Advantage Institutional Special Needs Plan (I-SNP), to eligible residents of long-term care facilities in eight additional states starting in 2025. The plan, currently available in five states, will expand to Indiana, Iowa, Kentucky, Louisiana, New Mexico, Tennessee, Washington, and West Virginia. The plans include dental, vision, hearing benefits, transportation services, care manager support, and new music therapy sessions for eligible members with chronic conditions. Longevity Health's value-based care model aims to improve clinical outcomes and provide patient-centered healthcare.

Humana (NYSE: HUM) has elected Gordon Smith to its Board of Directors, expanding the board to 12 members. Smith, currently an Operating Advisor at Clayton, Dubilier & Rice Funds, brings extensive experience from his previous roles as Co-President and Co-Chief Operating Officer of JPMorgan Chase, where he served until January 2022. His background includes leading JPMorgan's Consumer and Community Banking division from 2012 to 2021 and over 25 years at American Express. The appointment aims to enhance Humana's strategic oversight in Medicare Advantage and CenterWell healthcare services, operational efficiencies, and consumer experience development.

CenterWell Home Health, a major home health provider operating in 38 states, has collected donations equivalent to 89,456 meals in its 20th annual food drive. The initiative, spanning over 350 branches nationwide, has accumulated more than 1.4 million meals over two decades. The top three performing branches will receive $5,000 cash grants from the Humana Foundation, with Parkersburg, W.Va., branch leading this year's collection, followed by Atlanta's regional operations office and the Louisville branch. Donations benefit various 501(c)(3) organizations that distribute food to local communities.

Define Ventures, a major venture capital firm focusing on early-stage health tech companies, has appointed Bruce Broussard as venture partner. Broussard, former CEO and president of Humana, brings extensive experience in scaling companies and fostering innovation across various healthcare sectors. His role will involve guiding founders, shaping investment strategies, and strengthening partnerships with large healthcare organizations.

Broussard's decision to join Define Ventures is rooted in his belief in the firm's unique position to transform healthcare. His appointment follows that of Frank Williams, co-founder and former CEO of Evolent, who joined as venture partner earlier this year. Define Ventures, with $800 million in assets under management, partners with companies at seed, series A, and series B stages, including notable firms like Hims & Hers and Unite Us.

Humana Inc. (NYSE: HUM) has received high rankings in the 2024 Hispanic Association on Corporate Responsibility (HACR) Corporate Inclusion Index (CII). The index measures Hispanic inclusion across four areas: employment, procurement, philanthropy, and governance. Humana achieved 5 out of 5 stars in Employment, Governance, and Philanthropy, and 4 out of 5 stars in Procurement.

Humana has participated in the index since 2012, using these metrics to guide its diversity, equity, and inclusion (DEI) strategies. The company aims to build a culture of belonging where every associate feels valued and supported. Carolyn Tandy, SVP, Chief Diversity, Equity, and Inclusion Officer, emphasized the importance of participating in the CII to refine Humana's DEI strategy and support a thriving workplace culture for all employees.

The Humana Foundation, philanthropic arm of Humana Inc. (NYSE: HUM), has announced $15.2 million in grants for 2024 to support its health equity mission. The investment spans Kentucky, Florida, Louisiana, and Texas, focusing on helping seniors and school-aged children live connected, healthy lives.

Key grants include:

• $2.5 million to Older Adult Technology Services (OATS) for addressing social isolation in seniors
• $3 million to Volunteers of America for a Community Care Campus in Kentucky
• Over $2 million to seven universities for research on nutrition and emotional health
• Funding for various nonprofits across the four states to address mental health, nutrition, and social isolation issues

The grants aim to support innovative programs, research, and solutions to drive change and advance health equity for seniors and children in underserved communities.

CarePlus Health Plans, a Florida-based Medicare Advantage provider, announces enhancements to its 2025 plans, marking 25 years of operation. Key features include:

Expanded Access: CareAccess (HMO) plan available across all service areas, allowing in-network specialist visits without referrals. Financial Benefits: Part B premium giveback on over 65% of plans, $0 premium on all plans, and roll-over CareEssentials Allowance funds. New Offerings: CareComplete (HMO C-SNP) plan for chronic conditions and enhanced support for dual Medicare-Medicaid eligibles.

Most plans also offer robust dental coverage, vision and hearing allowances, $0 copay for various medical services, affordable prescription drugs, and wellness programs. The Annual Enrollment Period runs from Oct. 15 to Dec. 7.

Humana Inc. (NYSE: HUM) is expanding access to integrated healthcare for underserved communities through partnerships with Volunteers of America (VOA). The company is investing in Family-Focused Recovery (FFR) centers in Oklahoma, Louisiana, and Ohio, designed to treat pregnant women and mothers with Substance Use Disorder (SUD) along with their children. These centers aim to improve outcomes and reduce Neonatal Abstinence Syndrome (NAS).

Additionally, Humana is committing $1.5 million to VOA Michigan to develop a 'Housing Hub' in Detroit, addressing housing insecurity and providing medical and behavioral health services. Since 2019, Humana and the Humana Foundation have invested over $31 million in their partnership with VOA, focusing on housing and integrated healthcare for those most in need.

The Humana Foundation, the philanthropic arm of Humana Inc. (NYSE: HUM), is donating an additional $500,000 for relief efforts following Hurricane Milton in Florida. This brings their total support to $1.5 million after two hurricanes hit the state in two weeks. The funds will be distributed to organizations including Feeding Tampa Bay ($250,000), Gulf Coast Community Foundation ($125,000), and Community Foundation Tampa Bay ($125,000).

Humana Inc. is also taking steps to assist members in declared disaster areas, including waiving PCP referrals and prior authorizations, providing in-network cost sharing for out-of-network care, suspending pharmacy refill restrictions, and establishing a free crisis support hotline (1-877-757-7587) through TELUS Health. These efforts aim to support immediate relief and long-term sustainability needs of affected communities.