U.S. markets closed
  • S&P 500

    +15.05 (+0.36%)
  • Dow 30

    +164.68 (+0.48%)
  • Nasdaq

    +13.58 (+0.10%)
  • Russell 2000

    +5.60 (+0.25%)
  • Crude Oil

    -0.39 (-0.61%)
  • Gold

    +10.50 (+0.59%)
  • Silver

    +0.08 (+0.29%)

    +0.0004 (+0.04%)
  • 10-Yr Bond

    +0.0430 (+2.81%)

    +0.0056 (+0.41%)

    +0.0670 (+0.06%)

    -5,096.29 (-8.39%)
  • CMC Crypto 200

    +7.26 (+0.52%)
  • FTSE 100

    +36.03 (+0.52%)
  • Nikkei 225

    +40.68 (+0.14%)

Humana (HUM), St. Luke's Health Tie Up for Enhanced Healthcare

  • Oops!
    Something went wrong.
    Please try again later.
Zacks Equity Research
·3 min read
  • Oops!
    Something went wrong.
    Please try again later.

Humana Inc. HUM has inked a value-based care deal with St. Luke’s Health Partners, which will benefit Humana Medicare Advantage HMO members. Terms of the deal, effective Jan 1, 2021, were kept under wraps.

With this deal, the leading health insurer will stay committed to value-based care, which focuses on more personal interaction with healthcare professionals and tailored care, access to proactive health screenings and programs aiming at preventive illness, better healthcare for patients with chronic situations, availability of technologies, such as data analytics, etc.
Humana believes that the deal will help provide better health outcomes in Idaho. The company has a growing value-based care presence.

Recently, it reinforced its value-based relationship with Vancouver Clinic by announcing the opening of Evergreen Place, which is run by the latter.

Notably, Humana has been intensifying its focus on providing value-based care across the United States. As a case in point, the company’s individual Medicare Advantage and commercial members are looked after by 67,000 primary care physicians, who are part of more than 1,000 value-based relationships, as of Sep 30, 2020.

The company took a host of measures for extending the reach of its Medicare Advantage plans in the country. Thus, it continues to ramp up efforts for bolstering its presence across the region.

Robust Medicare Business

Humana boasts a strong Medicare business, which has been witnessing growing membership for quite some time. It remains well-poised to benefit from a strong Medicare business through constant partnerships and extension of product offerings devised per needs of several communities it serves. The health care provider also intends to effectively serve newer Medicare markets.

In fact, Humana raised its expectation for full-year individual Medicare Advantage membership to be around 375,000 members from the prior range of 330,000-360,000 members. The new estimate reflects anticipated growth of around 10% year over year.

Furthermore, COVID- induced health woes and an aging population drove demand for the Medicare Advantage plans.

Humana intends to capitalize on the prevalent scenario as it rolled out a host of 2021 Medicare product offerings, such as Medicare Advantage and Prescription Drug Plans, to name a few.

Other companies, such as Centene Corporation CNC, UnitedHealth Group Incorporated UNH and Cigna Corporation CI have also unveiled their 2021 Medicare Advantage plans on the back of growing potential of the Medicare business.

Zacks Rank and Price Performance

Shares of this currently Zacks Rank #4 (Sell) company have rallied 17.9% in a year compared with the industry’s growth of 11.6%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

These Stocks Are Poised to Soar Past the Pandemic

The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.

Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.

See the 5 high-tech stocks now>>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
UnitedHealth Group Incorporated (UNH) : Free Stock Analysis Report
Humana Inc. (HUM) : Free Stock Analysis Report
Cigna Corporation (CI) : Free Stock Analysis Report
Centene Corporation (CNC) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research