Home Health Care News January 25, 2024
Home health care will be at the heart of Humana Inc.’s (NYSE: HUM) rebound plans, according to company leadership.
An increase in Medical Advantage (MA) costs driven by “higher than anticipated” hospitalization costs were the main culprit for Humana’s grim outlook coming out of the fourth quarter.
The significant uptick in utilization in Q4 has impacted the entire health care sector. Despite efforts to mitigate costs, Humana couldn’t fully offset the headwinds.
“The Medicare Advantage sector is navigating a complex and dynamic period of change as we are all working through significant regulatory changes, while also absorbing unprecedented increases in medical cost trends,” Humana CEO Bruce Broussard said during the company’s fourth-quarter earnings call Thursday. “The increase in utilization that...
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