Case Study: Humana Incorporated

594 Words2 Pages

Humana Incorporated is a health and well-being for-profit health insurance company based out of Louisville, Kentucky. Humana controls in three segments: retail, employer group and healthcare services. Humana insurance products allow members to have access to health care services through its network of health care providers. Humana provides additional services to its members and third parties that support health and wellness, including pharmacy, provider, home-based, and integrated wellness services. Humana’s retail segment consists of products sold on a retail basis to consumers, including medical and supplemental benefit plans. Humana offers an array of health services, health assessments and health programs for members as well as the elderly.
Humana continues to grow by implementing new ideas to continue to provide the excellent quality, access and cost of healthcare services to the consumers. Humana is a company that has developed reward and incentive programs for primary care physicians to encourage their development of population health. Humana has quality clinical, preventative and membership quality programs. Humana has given access to over 400,000 doctors, hospitals, pharmacies and ancillary care providers for consumers of their services. Humana point of service plans (POS) reduce the out-of-pocket costs for their consumers who stay within the network of providers. Humana does not require consumers to have a primary care physician (PCP) but has also given consumers the privilege to develop a relationship with doctors to inform them of healthcare decisions, and allow the doctor to know the patient’s medical history to guide them to the appropriate specialists. Humana encourages consumers to know their budget before choosing plans and services. Humana states that it is important that the consumers know what medications their families use or themselves and the services that are need to determined what is the best plan to choose and that is cost efficient. Humana makes it easier to the consumers but having different levels of healthcare plans starting from high to low that best fit the consumer needs. Humana has financial assistance available for many individuals and families to help with the cost of health care premiums and out-of-pocket expenses. Humana offer premium tax credits to those who qualify to save on out-of-pocket costs. Humana offers many different unique plans to fit the needs of their consumers which has made Humana remain as one of the highest health care providers in the world because of the services, incentives and cost sharing programs to help

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