Humana

Humana

Health insurance provider for seniors and military

About Humana

Simplify's Rating
Why Humana is rated
B
Rated C on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Social Impact

Healthcare

Company Size

10,001+

Company Stage

IPO

Total Funding

N/A

Headquarters

Louisville, Kentucky

Founded

1961

Overview

Humana provides health insurance services, focusing on Medicare Advantage plans for seniors, military personnel, and communities. Their plans include HMO, PPO, and PFFS options, designed to improve health outcomes through comprehensive and flexible coverage. Members benefit from a wide network of healthcare providers and innovative health solutions. Humana differentiates itself by emphasizing inclusivity and belonging within its workforce, ensuring equal opportunities for all employees. The company aims to maintain high member satisfaction and renewal rates by offering quality service and competitive benefits, while also providing free language interpreter services to enhance accessibility for all members.

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Simplify's Take

What believers are saying

  • Humana's investment in Healthpilot enhances digital enrollment for Medicare options.
  • The company is the first insurer to cover TMS therapy for adolescent depression.
  • Humana's focus on value-based care aims to improve outcomes for kidney disease patients.

What critics are saying

  • Potential over-reliance on AI could disrupt operations if systems fail or are compromised.
  • Rising medical costs and tightening Medicare reimbursements may strain financial performance.
  • Leadership change with new CEO Jim Rechtin could lead to strategic disruptions.

What makes Humana unique

  • Humana is a leader in Medicare Advantage plans, focusing on seniors and military personnel.
  • The company emphasizes inclusivity, offering free language interpreter services for accessibility.
  • Humana leverages AI and cloud technologies through a partnership with Google Cloud.

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Funding

Total Funding

$0

Below

Industry Average

Funded Over

1 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison
Coming Soon

Company News

Hit Consultant
Jul 26th, 2024
Humana To Leverage Google Cloud’S Genai Capabilities To Improve Member Experiences

Humana to Leverage Google Cloud’s GenAI Capabilities to Improve Member Experiences. by Fred Pennic 07/26/2024 Leave a Comment. What You Should Know: – Humana Inc. (NYSE: HUM) announced a strategic multi-year agreement with Google Cloud to accelerate healthcare innovation through advanced cloud infrastructure and AI capabilities. This expanded partnership builds upon an existing collaboration between Humana and Google Health, focused on population health and AI solutions.– While the financial terms of the agreement were not disclosed, the partnership underscores both companies’ commitment to transforming healthcare through technology and innovation.Harnessing AI for Improved Patient CareThe collaboration aims to unlock new possibilities for operational efficiency, clinical insights, and personalized care by combining Humana’s deep healthcare expertise with Google Cloud’s advanced AI and cloud technologies. This partnership will enable Humana to:Modernize cloud infrastructure: Streamline operations and enhance data management.Leverage generative AI: Develop innovative solutions for improved patient outcomes and experiences.Enhance population health: Expand on existing collaboration with Google Health to optimize care delivery.“Embracing technology solutions in healthcare can help lower costs and improve consumer experiences

Coverage
Jul 19th, 2024
Humana Backs Healthpilot

Health company Humana announced a minority investment in Healthpilot, which offers a digital enrollment experience for Medicare options. Founded in 2020, Healthpilot claims to use an AI-powered model, developed by co-founder Dr. Jonathan Kolstad, to offer Medicare Advantage, Medicare Supplement, and prescription drug plan recommendations based on unique healthcare needs. The digital platform matches enrollees with the best Medicare plan options using their health profile, physician choices, drug use, and cost preferences. Most applications are submitted without needing assistance from customer support. In the past, we covered the news that Lincoln Financial Network (LFN), the retail wealth management affiliate of Lincoln Financial Group, is working with Healthpilot to make it easier for its financial professionals to leverage proprietary, AI-driven technology to integrate Medicare planning into their businesses

Hit Consultant
Jul 16th, 2024
Aligning Primary Care With Behavioral Health Is Critical To Patient Outcomes

Lynn Carroll, COO of HSBloxThere is increasing recognition across the healthcare continuum of the link between patient behavioral health and clinical outcomes. Unfortunately, alignment between primary care physicians and services for mental health issues, substance use, and other social determinants of health (SDoH) too often range from poor to nonexistent. “Behavioral health factors have an outsized influence on morbidity and mortality, and are the source of a large portion of family physicians’ frustrations with the health care system,” writes the American Academy of Family Physicians. “It is common to have patients who are unable to access care for mental health or substance use due to lack of insurance coverage or access.” Underserved populations, such as rural Americans, suffer from health inequity issues because behavioral health support and services either are unavailable or not integrated with their primary care. As the National Institute of Mental Health notes, “Though the prevalence of serious mental illness and most psychiatric disorders is similar between U.S. adults living in rural and urban areas, adults residing in rural geographic locations receive mental health treatment less frequently and often with providers with less specialized training, when compared to those residing in metropolitan locations.”To encourage greater alignment of behavioral health and primary care, the Centers for Medicare and Medicaid Services (CMS) has created a primary care reimbursement model designed to promote more innovative, team-based, and equitable approaches to care. The ACO Primary Care (PC) Flex Model (which starts on Jan

PYMNTS
Jul 15th, 2024
Ai May Be Poised To Streamline Health Insurance Industry

Artificial intelligence (AI) is set to change the health insurance industry, potentially slashing costs and boosting revenues for payers grappling with economic pressures. As insurers face rising medical service utilization and provider costs and tightening Medicare Advantage reimbursements, AI and automation technologies offer a possible solution to improve efficiency and profitability. Payers could reportedly achieve “net savings of 13 percent to 25 percent in administrative costs and 5 percent to 11 percent in medical costs” by leveraging currently available AI technologies, according to Mckinsey Co. Furthermore, the report projects a potential “3 percent to 12 percent higher revenue” for insurers who fully embrace these innovations. For a growing number of doctors, AI chatbots that draft letters to insurers in seconds are reportedly expediting the fight to approve costly claims, achieving in minutes what years of advocacy have not. This technological shift comes as significant insurance companies face class-action lawsuits for allegedly using their technology to deny large batches of claims swiftly

Hit Consultant
Jun 12th, 2024
Humana Issues New Brief On Value-Based Care For Kidney Disease

What You Should Know:– Health insurance provider Humana Inc. announced the release of a groundbreaking Value-Based Care (VBC) Issue Brief focused on nephrology, the medical specialty treating kidney disease.– The issue brief report highlights the significant potential of VBC arrangements to improve patient outcomes and reduce healthcare costs for individuals with chronic kidney disease (CKD) and end-stage renal disease (ESRD).VBC: A Shift from Quantity to QualityVBC represents a paradigm shift in healthcare, moving away from fee-for-service models that reward the number of patients seen and procedures performed. Instead, VBC incentivizes healthcare providers based on patient outcomes and the quality of care delivered. This focus on results aligns well with the needs of CKD and ESRD patients, who require ongoing management and preventive measures.The Growing Challenge of Kidney DiseaseChronic kidney disease affects an estimated 37 million adults in the United States, often linked to conditions like diabetes and high blood pressure. Left untreated, CKD can progress to ESRD, requiring dialysis or a kidney transplant. According to theUSRDS 2021 Annual Data Report, the number of newly diagnosed ESRD patients has risen by 40% in a single year

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