Humana Inc. is a prominent American healthcare company founded in 1961 by David A. Jones and Wendell Cherry. Headquartered in Louisville, Kentucky, Humana operates as a health insurance and managed care organization, providing a wide range of healthcare services to individuals and employer groups. The company's primary focus is on offering health insurance plans, Medicare Advantage plans, prescription drug plans, and other related services to its customers.
Humana's core business revolves around providing healthcare coverage and services to its members. The company offers various health insurance products, including individual and family plans, employer-sponsored plans, and government-sponsored plans such as Medicare and Medicaid. Humana's Medicare Advantage plans are particularly popular and offer comprehensive healthcare coverage to seniors. Additionally, the company provides prescription drug plans and other ancillary services to support its members' healthcare needs.
In terms of operations, Humana works closely with healthcare providers, hospitals, and pharmacies to establish networks and partnerships that ensure its members have access to quality care. The company also invests in technology and data analytics to improve healthcare outcomes and enhance the customer experience. Humana is committed to delivering personalized care, preventive services, and innovative solutions to promote overall wellness and improve the health of its members.
Humana went public in 1968 and began trading on the New York Stock Exchange (NYSE) under the ticker symbol "HUM." The decision to go public allowed the company to expand its operations and invest in its growth. Since then, Humana has grown significantly, both organically and through acquisitions, expanding its presence in the health insurance market and solidifying its position as one of the largest healthcare companies in the United States.