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Humana's Arm to Open 10 Medical Centers to Serve Seniors

Zacks Equity Research

Humana Inc.’s HUM unit Partners in Primary Care will launch its unique, senior-focused primary care model across 10 more locations in 2019. The company will open a chain of five medical centers in South Carolina and another five in Texas. All these centers are expected to be unveiled between June and September 2019.

This subsidiary is part of the family of primary care centers that focuses on aging population and delivers care to 35,000 Medicare Advantage patients. Every Partners in Primary Care center caters to members from multiple Medicare health plans.

Like its current centers where a team of board-certified physicians and care teams have been trained to serve the aging population, similar working personnel would be joining the new centers. Doctors spend more time with their patients while care teams make diligent efforts to create some tailor-made care plans for the benefit of patients, providing them with the best health outcomes. They will continue to focus on the seniors’ well-being and their unique health needs in the new centers as well.

Partners in Primary Care will add five more care centers to its existing four centers in South Carolina along with penetrating the market in Houston, TX.

With the introduction of these centers, Humana remains committed to its focus on providing advanced care to seniors in the underserved locations.

Humana’s Medicare business has been performing strongly over the last many quarters. The Medicare Advantage business has been delivering impressively owing to the company’s operating initiatives. The solid Medicare Advantage performance led to an improved 2018 Retail segment benefit ratio, evident from 54% growth in Medicare membership from 2013 to 2018. Given the company’s initiatives in this field, Medicare Advantage business is well-poised for growth.

Shares of this Zacks Rank #3 (Hold) company have slid 1.6% in a year’s time against its industry’s rally of 11.5%.

Stocks to Consider

Investors interested in the medical sector can take a look at some better-ranked stocks like Anthem Inc ANTM, Centene Corporation CNC and WellCare Health Plans, Inc. WCG. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Anthem and its subsidiaries operate as a health benefits company in the United States.  In the last four quarters, the company delivered average beat of 7.1%. It flaunts a Zacks Rank #1.

Centene operates as a diversified, multi-national healthcare enterprise in the United States. The company carries a Zacks Rank #2 (Buy) and came up with average earnings surprise of 4.99% in the trailing four quarters.

WellCare Health offers managed care services to government-sponsored health care programs. The company pulled off average positive surprise of 15.43% in the preceding four quarters. The stock has a Zacks Rank of 2.

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