Humana Releases ‘Unhealthy Days’ Update, Explores More In-Home Care Opportunities

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 […]

Kindred at Home Integration More Costly than Humana Anticipated

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 […]

Humana CEO: Home-Based Care, Social Determinants of Health ‘Most Impactful’ to Health Care System

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 Taps Fazzi Head as CCO; Collective Medical Hires New Leadership

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 […]

Home Health Stays Hot with 21 M&A Deals in Q2

Home health merger and acquisition activity continued at a healthy clip in the second quarter of 2018, with 21 publicly announced deals. That’s up from 12 acquisitions in Q2 2017, according to newly released data from market intelligence firm Irving Levin & Associates. On a quarterly basis, deal volume dipped slightly; there were 23 publicly […]

Humana, Private Equity Firms Complete Kindred Acquisition

Insurance giant Humana (NYSE: HUM) and two private equity firms have completed their planned acquisition of Kindred Healthcare, which has ceased trading on the New York Stock Exchange as a result. In December 2017, Humana and two PE firms—TPG Capital and Welsh, Carson, Anderson & Stowe—announced they were acquiring Kindred for $9 in cash per […]

Kindred’s Home Health Revenue Jumps Ahead of Acquisition

The country’s largest home health provider recorded a slight jump in home health revenue ahead of its planned $4.1 billion sale to Humana Inc. (NYSE: HUM), TPG Capital, and Welsh, Carson, Anderson & Stowe (WCAS). Specifically, fourth-quarter 2017 revenues in the Kindred at Home (KaH) division of Kindred Healthcare (NYSE: KND) rose 3% year-over-year to […]