Humana

Humana reports Medicare Advantage growth, income gains in Q1 2024

April 25, 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...


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Humana and Baptist Health reach contract agreement for in-network coverage

by Victoria Bailey

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

by Victoria Bailey

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

by Victoria Bailey

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

by Victoria Bailey

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

by Victoria Bailey

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

by Victoria Bailey

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?

by Victoria Bailey

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

by Victoria Bailey

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

by Victoria Bailey

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

by Victoria Bailey

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

by Victoria Bailey

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

by Victoria Bailey

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

by Victoria Bailey

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

by Sarai Rodriguez

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

by Victoria Bailey

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

by Victoria Bailey

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

by Victoria Bailey

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

by Victoria Bailey

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...