Here are five takeaways:
1. Humana reported $20.7 billion in revenue this quarter, up from $20.1 billion in 2020’s third quarter. It also puts 2021’s year-to-date revenue nearly $4 billion above last year’s third quarter report.
2. The insurer also recorded $1.64 billion in income, which is down 6.8 percent from 2020’s third quarter income of $1.76 billion.
3. Medicare Advantage membership increased 462,000 lives year to date (12 percent) to a total of 4.4 million at the end of the third quarter.
4. The company anticipates 11 percent year-over-year growth in Medicare Advantage enrollment by the end of 2021, adding 450,000 members.
5. Humana also recorded about 560,000 group Medicare Advantage enrollees (down 9 percent), 3.6 million standalone PDP members (down 7 percent) and about 909,000 in state-based contract membership and other enrollment (up 25 percent).
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
