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. (NYSE: HUM) has entered into an in-network agreement with University Medical Center New Orleans, expanding access to care for its Medicare Advantage members. From January 1, 2021, members of plans including Humana Gold Plus (HMO) and Humana Choice (PPO) will benefit from this partnership, enhancing their healthcare options. University Medical Center, a Level 1 Trauma Center in southern Louisiana, aims to provide high-quality care to more patients in the community. This collaboration signals Humana's commitment to enhancing care accessibility in the Greater New Orleans area.
Humana Inc. (NYSE: HUM) has partnered with Disabled American Veterans (DAV) as their exclusive national Medicare Advantage, PDP, and Medicare Supplement sponsor. This collaboration aims to enhance veterans' access to healthcare services, empowering them to live healthy lives. Humana's plans include specific offerings like the Humana Honor plan, tailored for veterans, and initiatives addressing social determinants of health. The partnership will also involve jointly organized health-related programs. The relationship was inaugurated with the 2020 DAV 5K event, underscoring Humana's commitment to veterans' well-being.
Humana Inc. (NYSE: HUM) is expanding its Medicare Advantage offerings in Tennessee by introducing a new Health Maintenance Organization (HMO) plan in 31 rural counties including Knoxville, Memphis, and Nashville. The new plan, featuring a $0 premium and low copays, will be available during the Medicare Annual Election Period from Oct. 15 to Dec. 7, 2020, for coverage starting Jan. 1, 2021. Humana is also offering its Humana Honor plan statewide, which can complement VA benefits for military veterans. These efforts aim to enhance healthcare access for Tennesseans.
Humana Inc. (NYSE: HUM) has expanded its preferred stand-alone Medicare Part D pharmacy network for 2021, now including Kroger Health, Costco, Publix, and HEB. This addition increases the number of participating pharmacies to nearly 9,500, allowing members to enjoy lower out-of-pocket costs on prescriptions. Effective January 1, 2021, this move aligns with Humana's commitment to improving healthcare accessibility and personalizing the member experience, as stated by Senior VP Susan Smith.
Humana Inc. (NYSE: HUM) and The Humana Foundation have committed over $1 million in COVID-19 relief for communities in Georgia. The support includes a $500,000 contribution to the Community Foundation for Greater Atlanta’s COVID-19 Response Fund and $350,000 to the Food as Medicine program. Other donations address food security, health, and housing initiatives, including $25,000 for eviction assistance. Humana focuses on long-term community support to address health equity and improve well-being, especially in areas heavily impacted by COVID-19.
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CarePlus Health Plans, a subsidiary of Humana, has achieved the highest quality rating, a 5-Star rating from the Centers for Medicare & Medicaid Services for the 2021 plan year. This marks the third consecutive year and fourth overall for this rating. CarePlus serves approximately 164,300 members in Florida, emphasizing member experience and collaboration with healthcare providers. The 5-Star rating is based on over 40 quality measures across nine categories, including member satisfaction and health service quality.
Humana Inc. (NYSE: HUM) announced its Medicare Star Ratings for its Medicare Advantage plans, with a notable achievement of a 5-star rating for its CarePlus Health Plans in Florida for the third consecutive year, covering around 164,300 members. Additionally, the company attained a 4.5-star rating for three contracts across seven states. Overall, 92% of its Medicare Advantage membership is in plans rated 4 stars or higher. Humana's ratings reflect its commitment to quality care amidst the ongoing pandemic.
Humana Inc. (NYSE: HUM) is expanding its Medicare Advantage offerings by adding plans in four new New Jersey counties: Essex, Monmouth, Union, and Atlantic. This increases its reach to 17 counties, covering 80% of the state. A new Humana Honor Plan will be introduced, specifically aimed at military veterans, providing a $0 premium option without prescription coverage. The Annual Election Period for these plans runs from Oct. 15 to Dec. 7, with coverage effective Jan. 1, 2021. This initiative continues Humana's efforts to enhance health care accessibility for New Jersey residents.
Humana Inc. (NYSE: HUM) released its annual Value-based Care Report, highlighting that 2.41 million individual Medicare Advantage members experienced improved health outcomes and reduced costs due to value-based payment models. In comparison to fee-for-service models, Humana members received preventive screenings 8% to 19% more frequently and spent 211,000 fewer days in hospitals. The report indicated that $4 billion in medical expenses were avoided by members under these agreements. The findings underscore the effectiveness of value-based care in enhancing patient health and lowering healthcare costs.