When Humana Inc. (NYSE: HUM) teamed up with private equity giants TPG Capital and Welsh, Carson, Anderson & Stowe (WCAS) to acquire Kindred Healthcare in July 2018, it was only a matter of time before the Louisville, Kentucky-based health insurer went off on its own. That time has finally arrived. As part of that $4.1 […]
TPG Capital
Private equity-backed health care software company WellSky has a new investor and a new capital structure, the company announced Monday. TPG Capital — the PE platform that currently owns WellSky — has entered into a definitive agreement to add private equity firm Leonard Green & Partners LP (LGP) as a capital partner. As part of […]
Humana Appoints Segment President Louisville, Kentucky-based Insurance giant Humana Inc. (NYSE: HUM) has named the next leader of its ever-evolving home business segment. Susan Diamond will serve as segment president of Humana’s home business segment moving forward, according to the company. The segment was previously led by William Fleming, who will continue to lead Humana’s […]
Senior living providers should embrace home health partnerships as a way to care for complex patients. Those who don’t may not only be hurting patients, but also employee retention and morale. That’s according to Carrie Coumbs, vice president of national care collaboration for Kindred at Home. “If you utilize your home health benefit proactively in […]
Top executives from Humana Inc. (NYSE: HUM) on Wednesday got candid about their home health operations and the expected impact of the Patient-Driven Groupings Model (PDGM). In addition to its long-standing Humana At Home business, the Louisville, Kentucky-based insurance company owns a 40% stake in Kindred at Home, one of the largest home health providers […]
An initiative by Humana (NYSE: HUM) that addresses social determinants of health posted positive results in five of seven target communities in 2018. On average, Humana Medicare Advantage (MA) members in participating communities saw a 2.7% reduction in “unhealthy days” experienced in 2018, according to the insurer’s 2019 Bold Goal progress report. Unhealthy days are […]
Humana (NYSE: HUM) is leaning further into home health care as a key area of focus, going as far as to label it “the new frontier in value-based medicine” during an investor day presentation Tuesday. “Our journey into the home is in full gear,” William Fleming, segment president of health care services at Humana, told […]
Humana Inc. (NYSE: HUM) recorded better-than-expected revenue in the fourth quarter of 2018, despite higher-than-anticipated costs associated with Kindred at Home’s operations. The Louisville, Kentucky-based health insurer’s GAAP consolidated revenues for Q4 came in at $14.17 billion, an increase of about $979 million from the same period a year ago. Annual revenue for Humana’s fiscal […]
Advances in home-based care capabilities and being able to properly address social determinants of health for older adults and chronically ill populations are among “the most impactful” influences on the U.S. health care system, according to Bruce Broussard, CEO and president of Humana Inc. (NYSE: HUM). Shifts in primary care, pharmacy services and behavioral health […]
WellSky Creates, Fills New Position WellSky, a health and community care technology company backed by TPG Capital, has named a new chief clinical officer. Fazzi Associates President Tim Ashe will hold the newly created position, in which Ashe will guide meaningful patient outcomes, combining technology and clinical care. Ashe will continue to serve as president […]
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