Healthcare DIVE February 2, 2022
Dive Brief:
- Humana said it plans to cut costs to reinvest $1 billion back in its core business, Medicare Advantage. The “value creation plan” will include “optimizing” its workforce, and significantly rationalizing its real estate portfolio as the pandemic has driven a shift in work trends. Executives didn’t clarify what the optimization, a term often associated with layoffs, will entail on a Wednesday call with investors.
- As part of this plan, Humana is undertaking a “critical” review of strategic initiatives to target its investments in areas with the greatest value. It will also look at reducing third-party spend, decreasing its use of vendors in some areas while outsourcing in other areas.
- Humana is accelerating previously announced plans to divest...
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