Humana Stock Price, News & Analysis

The University of Louisville's College of Business released a study analyzing Humana's economic and community impact on Kentucky. With more than 10,000 employees in the state, Humana significantly contributes to the economy and community.

The study, covering 2017-2023, shows Humana annually drives $13.9 billion in GDP, $2.6 billion in tax revenues, and supports over 60,000 jobs. Humana's community investments total about $51 million per year, including partnerships addressing health issues and disaster responses.

The report highlights Humana's involvement in housing stability, substance use disorder programs, and mental health support, underscoring its commitment to health equity and community well-being.

CenterWell Senior Primary Care is opening two new senior-focused centers in Asheville, N.C. in 2024, marking its entry into the area. The first center, CenterWell River Hills, began accepting patients in April and will host a grand opening on June 20, 2024.

CenterWell is part of Humana's Primary Care Organization, serving around 318,000 seniors across nearly 300 centers as of March 2024 and plans to open 30-50 new centers annually through 2025. The centers offer personalized, whole-person care with comprehensive services tailored to seniors' needs, including longer consultations and integrated care teams.

CenterWell accepts Original Medicare and many Medicare Advantage plans.

athenahealth, Availity, Harmony Park Family Medicine, and Humana (NYSE: HUM) have been awarded the 2024 KLAS Points of Light Award for modernizing the prior authorization process.

The collaboration utilized FHIR standards to streamline and automate prior authorization, reducing administrative burdens and expediting approvals. Key achievements include Availity's creation of a seamless data exchange between Humana and athenahealth platforms, saving Harmony Park 24 hours of manual work weekly.

Notably, 70% of prior authorization requests were instantly approved, reducing turnaround time from multiple days to about one day. The improvements led to quicker patient access to care, enhanced provider efficiency, and decreased administrative workload.

The award highlights significant advancements in healthcare efficiency and patient care achieved through industry collaboration.

The University of Alabama at Birmingham (UAB) Health System and Humana have signed an agreement to expand Humana's Medicare Advantage provider network in Alabama. This allows Humana Medicare Advantage members in Alabama to access various UAB and affiliated facilities, including UAB Hospital, UAB Hospital-Highlands, UAB Callahan Eye Hospital & Clinics, UAB Medical West, and UAB Medicine Outpatient Clinics.

According to Matt Berger, President of Humana's Gulf South Region, this partnership aims to offer high-quality healthcare options to Humana members, helping them achieve and maintain their best health. The agreement, effective earlier this year, aims to enhance the healthcare experience for Medicare Advantage members in Alabama.

Humana is committed to providing quality healthcare services to a diverse range of customers, including those on Medicare and Medicaid, through its insurance services and CenterWell healthcare services.

CenterWell Specialty Pharmacy has been awarded the MMIT Specialty Pharmacy Patient Choice Award in the PBM/Payer category for the sixth time in seven years, reflecting high patient satisfaction and commitment to personalized care. This award is based on net promoter scores from patient satisfaction surveys. CenterWell provides comprehensive care for chronic and complex illnesses, including 24-hour pharmacist access and specialized treatment guidance. The pharmacy also aids patients in applying for assistance programs to reduce the cost of specialty medications.

Humana (NYSE: HUM) has advanced to 6th place on Fair360's list of Top 50 Companies for Workplace Fairness, up from 10th last year. This marks its seventh consecutive year in the top rankings.

Humana's achievements in 2023 include nearly 100% of senior leaders completing cultural competency development, 22% of BIPOC talent in Director+ roles, and 50% of women in Director+ roles. The company has also made significant investments, such as $360 million with diverse suppliers and $160 million to philanthropic causes.

Humana remains dedicated to diversity, equity, and inclusion, emphasizing mentorship and sponsorship programs and aiming to foster a culture where all employees feel valued and empowered.

Humana announced that Jim Rechtin will become President and CEO on July 1, 2024, succeeding Bruce Broussard. Rechtin joined Humana in January as President and COO, working closely with Broussard. Broussard will step down from the Board but remain a strategic advisor until 2026. Rechtin will join the Board effective July 1, 2024.

Rechtin brings over 22 years of healthcare experience, previously serving as CEO of Envision Healthcare and holding roles at OptumCare and DaVita Medical Group. He aims to drive growth and improve operations, focusing on equitable, high-quality healthcare and long-term shareholder value.

Humana Inc. (NYSE: HUM) will be presenting at B of A Securities Health Care Conference on May 14, 2024. The presentation by CEO Bruce D. Broussard and CFO Susan M. Diamond will be available via live audio webcast on Humana's Investor Relations page. Humana focuses on putting health first for its customers, offering insurance and health care services to improve quality of life for various demographics.