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Humana Contact Details Corporate Headquarters Address, CEO Email Address, and Corporate Office Info
Humana Inc. is one of the largest publicly traded managed healthcare firms in the United States, with around 6.2 million members enrolled in its health plans in 16 states and Puerto Rico. Florida, Illinois, and Texas account for over 45% of these clients. Humana’s primary business is health maintenance organisation (HMO) and preferred provider organisation (PPO) plans. However, Humana also offers Medicare and Medicaid-related health insurance products; manages healthcare services for the United States Department of Defense; and provides specialty and administrative services such as dental plans, group life insurance, and worker’s compensation. Humana decided to merge with United HealthCare Corporation in late May 1998, creating the largest managed-care firm in the United States by plan enrollment (the merged entity would operate under the United HealthCare name).
In 1961, two lawyers in Louisville, Kentucky, pledged $1,000 each and enlisted the help of four friends to build a nursing home. Wendell Cherry and David Jones, cofounders of that first home, Heritage House, were quickly approached with further proposals to purchase and construct nursing facilities. The first seven years saw fast expansion, with the two men establishing operations in Kentucky, Virginia, and Connecticut. The industry grew rapidly with the advent of Medicare and Medicaid in the mid-1960s. Jones and Cherry reincorporated their firm in 1961 and sold stock for seven years to finance future growth. Extendicare Inc., as the organisation was known, developed to over 40 institutions, becoming the largest nursing home company in the country.
Extendicare experimented with alternatives when Medicare created a nursing facility glut and stocks plummeted. Between 1969 and 1971, the corporation attempted a brief and unsuccessful diversification into mobile home parks, which it swiftly abandoned. Extendicare acquired its first hospital in late 1968, believing that the same business methods it had developed for nursing home operations could be applied to hospital operations. Within two years, the organisation had expanded to include nine additional hospitals. Extendicare was so successful with the hospitals that it sold all of its nursing homes in 1972.
In January 1974, with the company’s focus primarily on hospitals, the name was changed to Humana Inc. Among the early characteristics that set Humana apart from other hospital chains were its nonconforming management decisions, refusal to overpay for hospitals, refusal to administer hospitals it did not own, and strict cost-control procedures well implemented by the company’s centralised management. These tactics generated much discussion, initially because they appeared to be novel in the industry, and later due to physician complaints about overcontrol. For example, Humana’s efforts to assure payments included requiring patients to agree to a specific payment plan before to discharge.
Cost constraints become one of Humana’s strongest assets over time. Between 1975 and 1980, Humana expanded rapidly and, like other hospital chains, obtained economies of scale through bulk purchasing of supplies and equipment. Unlike some competitors, Humana, on the other hand, remained highly centralised, with all patient billing and data collecting conducted out of the company’s home office in Louisville. Without the distraction of managing hospitals it did not own—and also in contrast to the majority of competitors—Humana was able to focus only on stringent productivity and profitability targets.
Humana Contact Details Corporate Headquarters Address and Phone Number
The company is based in KY , United States of America. Do you have anything to share with the corporate headquarters? If yes, please take a note of the headquarters address of name Inc. below:
Humana Contact Details Corporate Headquarters Address
500 West Main Street Louisville
KY 40202 United States of America.
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Humana Contact Details Contact Details
Humana Contact Details Headquarters Contact Details: NA
Humana Contact Details Headquarters Address: 500 West Main Street Louisville, KY 40202 United States of America.
Humana Contact Details Headquarters Phone Number: 1-502-580-1000
Humana Contact Details Headquarters Whatsapp Number: NA
Humana Contact Details Headquarters Office Email ID: email@example.com
Humana Contact Details Social Profiles
Humana Contact Details Headquarters Facebook Fan Page: https://www.facebook.com/Humana/
Humana Contact Details Headquarters Twitter Handle: https://twitter.com/humana
Humana Contact Details Headquarters Instagram Profile: https://www.instagram.com/humana/?hl=en
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Humana Contact Details Headquarters YouTube Channel: https://www.youtube.com/humana