Humana reports Medicare Advantage growth, income gains in Q1 2024
- Humana added 50,000 individual Medicare Advantage beneficiaries and reported a net income of $741 million in the first quarter of 2024. The payer reported earnings per share (EPS) of $6.11 for quarter one on a generally accepted accounting principles (GAAP) basis, or $741 million, and adjusted EPS of $7.23. In the first quarter of 2023, the...
More Articles
Humana and Baptist Health reach contract agreement for in-network coverage
Kentucky-based Baptist Health Medical Group and Humana have reached a new contract agreement, restoring in-network coverage for Medicare Advantage and commercial patients. The multi-year agreement...Humana Awards $169K in Health Equity Grants to Community-Based Orgs
Humana has granted $169,000 to 24 community-based organizations committed to advancing health equity, according to a press release HealthPayerIntelligence received via email. The payer’s health...Lawsuit Alleges Humana Used AI to Deny Medically Necessary Claims
Humana is facing a class action lawsuit alleging that the payer used an artificial intelligence (AI) tool to deny Medicare Advantage beneficiaries’ claims for medically necessary care. In a...Humana Foundation Grants $1M to Address Food Insecurity, Mental Health
Humana’s philanthropic arm, the Humana Foundation, has awarded research grants totaling $1 million to three universities that will go toward improving food security and mental health in their...Humana’s Value-Based Care Plans Improved Health Outcomes for MA Members
Humana Medicare Advantage beneficiaries receiving care under value-based arrangements had better health outcomes, including fewer inpatient admissions and emergency room visits, a report from the payer...Humana Ranks High for Experience, Affordability Among MA Plans
Based on the 2024 Medicare Advantage star ratings, Humana received the highest ranking for overall plan quality, member experience, and low premiums, a US News & World Report analysis shared. The...What Are Major Payers Offering Medicare Advantage Members in 2024?
As Medicare’s open enrollment period approaches, payers have announced new Medicare Advantage plan offerings for 2024. Because Medicare Advantage plans receive flexibility to cover...Medicare Advantage RADV Rule May Prompt More Legal Action from Payers
Payers have not reacted lightly to the Medicare Advantage Risk Adjustment Data Validation (RADV) final rule. Major payer Humana made the strongest display of disapproval by filing a lawsuit against CMS that seeks to invalidate the...Humana Foundation Supports Initiative to End Veteran Suicide
The Humana Foundation is supporting a new initiative that aims to reduce veteran suicide and promote mental healthcare. USAA and the USAA Foundation established the Face the Fight initiative to raise...Humana Collabs with DME Companies to Advance Value-Based Home Healthcare
Humana has entered value-based agreements with two durable medical equipment organizations to improve home healthcare services for Medicare Advantage members. The organizations, AdaptHealth Corp. and...Humana Continues to Address Housing Stability with $40M Investment
Humana is investing $40 million in affordable housing development, furthering its national commitment to improve housing stability for health plan members. This round of funding brings the...Humana Collab Expands Value-Based Care for Medicare Advantage Members
Humana has partnered with an independent primary care network to enhance access to value-based care for Medicare Advantage members. The 10-year collaboration with Aledade will allow Humana’s...Humana Will Leave Employer Group Insurance Business to Focus on Public Plans
Humana has announced plans to leave the employer group insurance business and direct its focus toward its government-funded health plan offerings. The payer’s employer group commercial medical...New Humana Community Partnerships to Strengthen Health Equity
Humana, and its philanthropic arm, the Humana Foundation, have advanced its commitment to health equity by unveiling an advanced strategy that focuses on addressing social determinants of health (SDOH)...Humana Maintains Primary Care Access for Medicare Advantage Members
Humana has signed a five-year agreement with ChenMed, solidifying access to in-network, senior-focused primary care for Medicare Advantage members. The agreement continues the decades-long...Humana Expands 2023 Medicare Advantage Dental Benefits in Florida
Humana is expanding 2023 dental benefits under its Medicare Advantage plans in Florida and will offer members access to a more extensive provider network and higher annual...Humana Receives Top Ranking for Health Plan Member Experience
For the second year in a row, Humana has ranked number one for customer experience quality in Forrester’s 2022 US Customer Experience Benchmark survey, highlighting the payer’s commitment...Humana Expands Value-Based Care to Medicare Advantage Members in OR
Humana has partnered with Vancouver Clinic to expand value-based primary care services to Medicare Advantage members in Oregon. The primary care practice, Enliven by Vancouver Clinic, will be...Sponsored Article