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INX:HUM, Sep 30, 03:01 UTC

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Friday, September 18


News

Humana (HUM) Ties Up to Boost Medicare Network in New Jersey

HUM

Patients can now avail of healthcare services at the system’s hospital campuses in Atlantic City and Pomona along with its outpatient facilities in the Southeastern New Jersey.However, terms of the deal remain confidential. The contract, which is already in effect, adds in-network access for Humana Medicare Advantage Health Maintenance Organization (HMO), Preferred Provider Organization (PPO) and Private Fee-for-Service (PFFS) health plan members at facilities like AtlantiCare Regional Medical Center’s Atlantic City and Mainland campuses, AtlantiCare Urgent Care centers and AtlantiCare Surgery centers.Notably, the deal also provides in-network access for Humana Medicare Advantage members who need care from clinicians who are employees of AtlantiCare. The company is committed to cater optimum healthcare to its members.To that end, it constantly takes up initiatives to mete out affordable services, yet with better quality.Humana’s Medicare business has been performing strongly over the past many quarters. In the past decade, the company saw maximum growth in Individual Medicare Advantage during 2019, which is pretty impressive.Lately, the health insurance giant expanded its value-based programs with the launch of two national programs for the members of certain Humana Medicare Advantage (MA) plans.

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Tuesday, September 08


News

Humana Elects Raquel C. Bono, M.D. to Board of Directors

HUM

A board-certified trauma surgeon and retired Vice Admiral, U.S. Navy Medical Corps, Dr. Bono served as the Chief Executive Officer and Director for the Defense Health Agency (DHA), the joint, integrated combat support agency that enables all branches of the U.S. military medical services to provide health care to combatant commands. During her tenure with the DHA, Dr. Bono integrated an unprecedented $50 billion worldwide health care enterprise for the Army, Navy, Air Force and Marine Corps, comprised of 50 hospitals and 300 clinics that provide care to more than nine million military personnel. Bono’s decorated military service and distinguished and successful career in trauma surgery and health care administration will bring an important perspective to Humana’s Board and further contribute to its strategic composition,” said Humana Chairman of the Board Kurt J. Hilzinger. She has been honored with the Defense Distinguished Service Medal, three Defense Superior Service Medals, four Legion of Merit Medals, two Meritorious Service Medals, and two Navy and Marine Corps Commendation medals. Since her retirement from DHA in October 2019, Dr. Bono has acted as Principal at RCB Consulting and served as Washington state director for COVID-19 Health System Response Management.

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Thursday, September 03


News

Humana (HUM) Taps Salesforce for Better Healthcare Services

CRM HUM

Humana Inc. HUM recently entered into a multi-year agreement with global Customer Relationship Management (CRM) leader Salesforce to provide comprehensive, personalized healthcare services to its members.Leading health insurer Humana is utilizing Salesforce Health Cloud to help power its Enterprise Clinical Operating Model (ECOM), which is a new care management technology platform that will lead to a seamless, integrated care coordination among its members, care teams and provider communities. Humana is one of the many insurers that has been deploying Saleforce’s Health cloud, which was launched in 2016.The health sector is Salesforce’s one of the key targets wherein the United States government spent more than $3.5 trillion on healthcare in 2018. Leveraging Salesforce-owned Mulesoft for API-led connectivity, the platform will lend a single, comprehensive view of a particular patient’s clinical history to the care teams. It will also provide information related to social, environmental and lifestyle factors that can impact the member’s health.Moreover, Humana and Salesforce will coordinate the launch of a Healthcare Innovation Lab, based in Humana's Boston studio_h.

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Monday, July 06


News

Here's Why You Should Retain Humana (HUM) in Your Portfolio

HUM

Humana Inc. HUM is well poised to grow backed by solid Medicare business and strategic initiatives. It now expects a year-over-year increase of 90,000 members in 2020.Here we shall briefly discuss the reasons for retaining this Zacks Rank #3 (Hold) health insurance company in your investment portfolio. Humana, which is based in Kentucky, currently serves 150,000 Medicaid members in the state and has a long history of effectively catering to health issues in the region.This leading insurer has taken up various strategic initiatives over the past few years, which in turn have put it on a growth trajectory. Some of its significant buyouts, including Family Physicians Group, Your Home Advantage, Curo and a share in Kindred at Home, have strengthened its home health and hospice business line. Also, its time interest earned stands at 15.3X, much higher than the industry average of 10.3X. As of Mar 31, 2020, the company had cash, cash equivalents and investment securities of $17.55 billion, higher than its long-term debt of $6 billion.

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Thursday, July 02


News

Humana Selects Icertis to Digitally Transform its Contracting Process

HUM

BELLEVUE, Wash., July 2, 2020 /PRNewswire/ -- Icertis, the leading enterprise contract management platform in the cloud, today announced Humana, a leader in healthcare innovation, selected Icertis as its contract management platform to increase visibility and enterprise-wide efficiency, while reducing cycle time. To meet the demands of the fast-moving, highly-regulated health insurance industry, Humana needed to modernize its manual contract processes with an intelligent, easy-to-use contract management solution that could help it manage intercompany agreements between its Insurance Group and its Healthcare Services, Wellness, and Care Delivery Organization business units. Humana selected Icertis due to the contract management leader's prior experience with leading healthcare brands like AbbVie, Australian Unity, Johnson & Johnson, Merck and Sanofi and ability to manage all contract types from across its diverse business groups in a central repository. "With ICM, Humana will be able to turn its static contracts into truly strategic assets, providing enterprise-wide visibility and a single source of truth for the organization. We are excited to work with Humana as they continue to deliver the best to the communities they serve."

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Tuesday, June 16


News

Humana's Initiatives to Help Dental Providers Manage Costs

HUM

Humana Inc. HUM recently announced initiatives to support participating dental providers in meeting heavy expenses related to their continuing businesses during the coronavirus pandemic. On resuming more dental procedures, the company will pay an extra $7 per Humana member dental claim. This is applicable to all fully-insured Humana dental members.Rationale Behind the MoveThe company remains committed to cater this service to its members, which will assure that its dental provider partners can afford the purchase of Personal Protective Equipment (PPE), an essential kit for the safety of patients.Per the new announcement, at the end of each month, the dental provider partners will receive a stipend from the company, depending on the number of claims made by Humana members in that period.Additionally, Humana is also providing 24/7 access to its EAP and Work-Life Services to providers in its dental networks.Many of these practises are small businesses, which are adversely impacted by the pandemic.The additional funding will be available from June through September 2020 to all fully-insured Humana dental members.The above strategic actions are part of the company’s dynamic stance on meting out quality health care solutions for its members. Enrollees under Medicare Advantage plans, fully-insured commercial members and those covered under Medicare Supplement and Medicaid gained traction from this fruitful initiative.Zacks Rank and Price PerformanceShares of this Zacks Rank #3 (Hold) company have soared 49.8% in a year’s time, outperforming its industry’s rally of 8.3%.

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News

Humana's Initiatives to Help Dental Providers Manage Costs - June 16, 2020

HUM

Humana Inc. (HUM - Free Report) recently announced initiatives to support participating dental providers in meeting heavy expenses related to their continuing businesses during the coronavirus pandemic. On resuming more dental procedures, the company will pay an extra $7 per Humana member dental claim. This is applicable to all fully-insured Humana dental members.Rationale Behind the MoveThe company remains committed to cater this service to its members, which will assure that its dental provider partners can afford the purchase of Personal Protective Equipment (PPE), an essential kit for the safety of patients.Per the new announcement, at the end of each month, the dental provider partners will receive a stipend from the company, depending on the number of claims made by Humana members in that period.Additionally, Humana is also providing 24/7 access to its EAP and Work-Life Services to providers in its dental networks.Many of these practises are small businesses, which are adversely impacted by the pandemic.The additional funding will be available from June through September 2020 to all fully-insured Humana dental members.The above strategic actions are part of the company’s dynamic stance on meting out quality health care solutions for its members. Shares of this Zacks Rank #3 (Hold) company have soared 49.8% in a year’s time, outperforming its industry’s rally of 8.3%.The stock return looks solid when compared to other companies’ price appreciation in the same space. For instance, Molina Healthcare Inc. (MOH - Free Report) , UnitedHealth Group Incorporated (UNH - Free Report) and Centene Corporation (CNC - Free Report) have gained 13.3%, 17.8% and 12.7%, respectively, in the same time frame.

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Monday, May 18


News

Humana (HUM) Rallies 59.3% in a Year: Further Upside Left?

HUM

Humana Inc. HUM is well-poised for growth on the back of its robust Medicare business and strategic initiatives.Shares of this Zacks Rank #2 (Buy) company have surged 59.3% in a year's time, outperforming its industry's increase of 13%. The price performance looks stellar when compared to other companies’ stock movements in the same space, such as Anthem, Inc. ANTM, Centene Corporation CNC, and UnitedHealth Group Incorporated UNH, which have gained 4.4%, 23.8% and 18.3%, respectively, in the same time frame. Moreover, the bottom line improved 20.5% year over year on the back of higher revenues.The top line of the company witnessed growth owing to premium revenues from improved membership and per member premiums in its Medicare Advantage as well as state-based contract businesses. In February 2020, the company raised its quarterly dividend by 14%, which should buoy investor’s optimism on the stock.For the current year, the Zacks Consensus Estimate for earnings stands at $18.55 per share, suggesting a 3.8% rise from the year-ago reported figure.Over the past 30 days, the company has witnessed its 2020 earnings move 0.2% north.Today's Best Stocks from ZacksWould you like to see the updated picks from our best market-beating strategies?

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Thursday, April 30


News

Humana Inc. to Present at the Bank of America Securities Health Care Conference 2020

HUM

Humana Inc. (NYSE: HUM) announced today that Brian A. Kane, Chief Financial Officer, will make a presentation to investors at the Bank of America Conference on Tuesday, May 12, 2020, at 8:20 a.m. Eastern time. The company suggests webcast participants sign on approximately 15 minutes in advance of the presentation to allow time to run a system test and download any free software needed for access purposes. To accomplish that, we support physicians and other health care professionals as they work to deliver the right care in the right place for their patients, our members. Our range of clinical capabilities, resources and tools – such as in-home care, behavioral health, pharmacy services, data analytics and wellness solutions – combine to produce a simplified experience that makes health care easier to navigate and more effective.

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Wednesday, April 29


News

Humana Inc (HUM) Q1 2020 Earnings Call Transcript

HUM

Investors are advised to read the detailed risk factors discussed in our latest Form 10-K, our other filings with the Securities and Exchange Commission and our first quarter 2020 earnings press release as they relate to forward-looking statements and to note in particular that these forward-looking statements could be impacted by risks related to the spread of and response to the COVID-19 pandemic, including the potential impact to us of; one, actions taken by federal, state and local governments to mitigate the spread of COVID-19 and in turn relax those restrictions; two actions taken by us to expand benefits for our members and provide relief for the healthcare provider community in connection with COVID-19; three, disruptions in our ability to operate our business effectively; and four, negative pressure in economic, employment and financial markets, among others, all of which creates additional uncertainties and risks for our business. Specifically, we fulfilled orders for over 0.5 million meals, initiated efforts to address loneliness by connecting members with emotional support services like the friendship line and the National Disaster hotline and have several pharmacy efforts under way including early refills and increased mail order delivery. In addition to the meal delivery and the pharmacy efforts discussed previously, we waived member cost related to COVID-19 diagnostic testing and treatment, expanded access to telehealth services by waiving out-of-pocket cost for services delivered by participating in-network providers, pivoted our Medicaid long-term support services and person care management program to a telephonic model to connect our care coaches and members via FaceTime, increase the use of digital health for military families including behavioral services and help convene TRICARE policy changes, such as disenrollment waivers for military families unable to pay premiums. To support providers we took steps to ease liquidity concerns, alleviate capacity issues across the system and allow them to focus on the immediate needs of their patients, including releasing approximately $1 billion in advance funding for providers at a time when cash flow is meaningfully challenged, lifting certain provider administrative requirements, simplifying and expediting claims processing, suspending in-network clinical authorization requirements and accepting audio only telephone visits for reimbursement equivalent to an in-person visit. And lastly, to support our employer groups, we've extended our 30-day grace period for premiums for small commercial groups facing financial hardship, temporarily waived certain active work requirements for employees to maintain coverage and assisted small businesses with resources to help navigate the CARES Act and Paycheck Protection Program as well as other sources of funding.

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