Becker's Healthcare April 26, 2023
Humana posted a 33 percent increase in profits year over year and added more than 500,000 Medicare Advantage members in the past year, according to its first-quarter earnings posted April 26.
“We’ve had a strong start to the year, with our outperformance underpinned by strong membership growth and favorable inpatient utilization trends in our individual Medicare Advantage business,” CEO Bruce Broussard said.
The company posted $1.3 billion in net income in the first quarter of 2023, up from $930 million in the first quarter of 2022.
The company raised its earnings-per-share guidance to $28.25.
Total revenues in the first quarter of 2023 were $26.7 billion, up 11.6 percent year-over-year....
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