Last $127.32 USD
Change Today +2.27 / 1.82%
Volume 923.1K
HUM On Other Exchanges
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As of 4:15 PM 08/27/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

500 West Main Street

Louisville, KY 40202

United States

Phone: 502-580-1000

Fax:

inesses Military Services Under its TRICARE South Region contract with the United States Department of Defense, or DoD, the company provides administrative services to arrange health care services for the dependents of active duty military personnel and for retired military personnel and their dependents. Three health benefit options are available to TRICARE beneficiaries. In addition to a traditional indemnity option, participants may enroll in an HMO-like plan with a point-of-service option or take advantage of reduced copayments by using a network of preferred providers, similar to a PPO. The company has participates in the TRICARE program under contracts with the DoD. In 2012, the company began delivering services under its TRICARE South Region contract that the Defense Health Agency, or DHA. Under the contract, the company provides administrative services, including offering access to its provider networks and clinical programs, claim processing, customer service, enrollment, and other services. The company’s RICARE South Region contract coverd approximately 3,101,800 eligible beneficiaries as of December 31, 2013 in Florida, Georgia, South Carolina, Mississippi, Alabama, Tennessee, Louisiana, Arkansas, Texas, Oklahoma, and Kentucky (the Fort Campbell area only). The company has subcontracted with third parties to provide selected administration and specialty services under the contract. The 5-year South Region contract, which expires March 31, 2017, is subject to annual renewals on April 1 of each year during its term at the government’s option. In January 2014, the company received notice from the DHA of its intent to exercise its option to extend the TRICARE South Region contract through March 31, 2015. Puerto Rico Medicaid The company’s Puerto Rico Medicaid business consisted of contracts with the Puerto Rico Health Insurance Administration, for the East, Southeast, and Southwest. In 2013, the Puerto Rico Health Insurance Administration notified the company of its election not to renew these contracts which ended June 30, 2013. Contractual transition provisions required the continuation of insurance coverage for beneficiaries through September 30, 2013 and also require an additional period of time thereafter to process residual claims. Closed Block of Long-Term Care Insurance Policies The company has a non-strategic closed block of approximately 33,300 long-term care insurance policies associated with its acquisition of KMG America Corporation in 2007. Long-term care insurance policies are intended to protect the insured from the cost of long-term care services, including those provided by nursing homes, assisted living facilities, and adult day care, as well as home health care services. Membership Provider Arrangements The company provides its members with access to health care services through its networks of health care providers whom it employs or with whom it has contracted, including hospitals and other independent facilities, such as outpatient surgery centers, primary care providers, specialist physicians, dentists, and providers of ancillary health care services and facilities. These ancillary services and facilities include laboratories, ambulance services, medical equipment services, home health agencies, mental health providers, rehabilitation facilities, nursing homes, optical services, and pharmacies. The company’s membership base and the ability to influence where its members seek care generally enable it to obtain contractual discounts with providers. The company uses various techniques to provide access to use of health care services for its members. These techniques include the coordination of care for its members, product and benefit designs, hospital inpatient management systems, the use of analytics, and enrolling members into various care management programs. The focal point for health care services in many of its HMO networks is the primary care provider who, under contract with the company, provides services to its members, and may control utilization of appropriate services by directing or approving hospitalization and referrals to specialists and othe

 

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Industry Analysis

HUM

Industry Average

Valuation HUM Industry Range
Price/Earnings 18.8x
Price/Sales 0.4x
Price/Book 1.9x
Price/Cash Flow 13.9x
TEV/Sales 0.2x
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