Humana Inc. (NYSE:HUM) Doles Out $60 Million as Part of Provider Quality Rewards Program


Dallas, Texas 11/01/2013 (Financialstrend) – The S&P 500 index tracked health care insurance provider Humana Inc. (NYSE:HUM) has a market cap of $14.56 billion and is based out of Louisville, Kentucky. On October 30, the firm announced that it is paying out dividend of $0.27 per share to its share holders on record as of December 31. The stock is expected to go ex dividend on December 27. This translates to a divided yield of 1.17% with total $1.08 dividend being paid per share in the past 12 months. In its effort to support and encourage quality medical treatment by doctors and health care providers, the health insurance provider had launched “pay-for-value” rewards program “Provider Quality Rewards Program” earlier this year. On October 30 it announced the winning doctors and physicians who hailed from across U.S and distributed close to $60 million as rewards.

The rewards program is designed to drive behaviour of doctors to provide care based on evidence. The insurance provider has set up a rewards program which has multiple ramps aligned with the medical care provision steps which are desired for the well being of the patient. The various “pay-for-value” program includes “Star Rewards, Model Practice, Medical Home and bonus programs for risk providers”.

As part of the winning group the company announced that it had distributed close to $60 million among close to 3,000 physicians. Humana’s Chief Medical Officer Dr. Roy A. Beveridge has been quoted as saying “Humana’s Provider Quality Rewards Program has helped improve the health and well-being of our members. By focusing our efforts around the primary care physician, we can help them transition from volume to value, where they are rewarded for improvements in patient outcomes, quality and costs.” The stock appreciated by 1.03% and was trading at $92.1 per share as of close of business on October 31.