Humana Inc.
American for-profit health insurance company providing medical, pharmacy, and dental insurance products and services, the fourth largest health insurance provider in the United States.
Company Type
public
Founded
1961
Headquarters
Louisville, Kentucky, USA
Stock
NYSE: HUM
About Humana Inc.
Humana operates through three main segments: Retail, Group and Specialty, and Healthcare Services. The Retail segment provides health insurance products sold directly to individuals, including medical and supplemental benefit plans, Medicare Advantage plans, and individual health insurance.
The Group and Specialty segment offers health insurance products to employers and groups, including employer-sponsored health plans, administrative services, and specialty insurance products. This segment serves large employers, government entities, and other organizations.
The Healthcare Services segment includes pharmacy benefit management, care management, and other healthcare services. Humana operates its own pharmacies and provides pharmacy benefit management services to health plans and employers.
Humana employs approximately 67,000 people nationwide and generates annual revenues exceeding $80 billion. The company serves millions of members across the United States, with strong positions in Medicare Advantage, Medicaid managed care, and commercial health insurance markets.
History of Humana Inc.
Humana traces its origins to 1961 when David A. Jones Sr. and Wendell Cherry founded a nursing home company in Louisville, Kentucky. The company, initially called Extendicare Inc., grew rapidly through acquisitions and became the largest nursing home company in the United States by 1968.
In 1972, Jones and Cherry sold the nursing home business to focus on health insurance services. The company was renamed Humana Inc. in April 1974 and began expanding into health insurance products and services.
Throughout the 1970s and 1980s, Humana grew through acquisitions and organic expansion, entering various health insurance markets including Medicare Advantage, Medicaid managed care, and commercial health insurance. The company developed expertise in serving complex populations and managing chronic conditions.
In the 1990s and 2000s, Humana continued to expand its health insurance portfolio and invested in healthcare delivery capabilities. The company acquired various healthcare providers and technology companies to enhance its integrated care delivery model.
Throughout the 2010s and 2020s, Humana has focused on value-based care, digital health initiatives, and population health management. The company has invested heavily in data analytics, telehealth services, and care coordination to improve health outcomes and reduce costs.
Humana has also expanded its Medicare Advantage offerings and developed innovative products for seniors, including chronic condition management programs and wellness initiatives. The company has maintained strong positions in government-sponsored health programs and commercial health insurance markets.
Brands Owned by Humana Inc.
Humana Inc. owns 0 brands in our database.
Stock Information
Humana Inc. Ownership: Pros & Cons
Advantages
- +Market leadership position in Medicare Advantage and managed care
- +Diversified revenue streams across multiple health insurance segments
- +Strong expertise in serving complex populations and chronic conditions
- +Growing presence in digital health and telehealth services
- +Integrated care delivery model with pharmacy and healthcare services
Considerations
- -Dependence on government funding and policy changes
- -Regulatory complexity in multiple state markets
- -Competition from other managed care organizations and technology companies
- -Pressure on healthcare costs and reimbursement rates
- -Balance between growth and quality of care outcomes
Frequently Asked Questions About Humana Inc.
Is Humana a subsidiary of another company?
Humana is an independent, publicly traded corporation with no parent company. The company operates independently with its own management structure and board of directors, though it has grown through numerous acquisitions throughout its history.
Is Humana publicly traded?
Yes, Humana is publicly traded on the New York Stock Exchange under the ticker symbol HUM. The company has been publicly traded since its IPO in 1991, allowing investors to purchase shares and own a portion of the company.
When was Humana founded?
Humana traces its origins to 1961 when David A. Jones Sr. and Wendell Cherry founded a nursing home company in Louisville, Kentucky. The company was renamed Humana Inc. in 1974 when it shifted focus to health insurance services.
Who founded Humana?
Humana was founded by David A. Jones Sr. and Wendell Cherry in 1961 as Extendicare Inc., a nursing home company. The founders later sold the nursing home business and rebranded as Humana Inc. in 1974 to focus on health insurance.
What is Humana's market position?
Humana is the fourth largest health insurance provider in the United States by revenue and market share. The company maintains strong positions in Medicare Advantage, Medicaid managed care, and commercial health insurance markets, serving millions of members nationwide and growing its digital health capabilities.
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