The contract covers approximately 3 million beneficiaries for Tricare’s — a program that provides healthcare services to military personnel — South Region. The Department of Defense said Humana helps the Military Health System adjudicate more than 240 million medical claims each year.
While the contract extension covers the area in which Humana already provides managed care, its service area will grow to about 6 million under Tricare’s reassigned East Region contract (which combines the former North and South Regions) beginning in 2017. Humana won the East Region contract in July 2016, worth an estimated $40.5 billion.
The contract for South Region coverage will expire March 31, 2018.
More articles on payer issues:
Anthem BCBS expands coverage to 24 counties in Wisconsin
Aetna-Humana deal scrapped, BCBS of North Carolina CEO retires, Cigna blocked from ending Anthem merger & more — 10 payer highlights
Molina Healthcare loses $91M in Q4, mulls ACA exchange exit
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