{"id":4568,"date":"2022-04-27T07:37:00","date_gmt":"2022-04-27T07:37:00","guid":{"rendered":"https:\/\/distilinfo.com\/healthplan\/?p=4568"},"modified":"2022-05-02T15:16:17","modified_gmt":"2022-05-02T15:16:17","slug":"humanas-16-revenue-growth-in-q1-7-things-to-know","status":"publish","type":"post","link":"https:\/\/distilinfo.com\/healthplan\/humanas-16-revenue-growth-in-q1-7-things-to-know\/","title":{"rendered":"Humana\u2019s 16% Revenue Growth in Q1: 7 Things to Know"},"content":{"rendered":"\n<p>Humana took in $930 million in net income during the first quarter and aims to continue adding Medicare Advantage members, according to its&nbsp;earnings report&nbsp;released April 27.<\/p>\n\n\n\n<p>&#8220;We are pleased with our strong start to the year, with all our business lines performing well,&#8221; President and CEO Bruce Broussard said. &#8220;Our updated full year adjusted earnings per share guidance of &#8216;approximately $24.50&#8217; represents 19 percent growth over our actual 2021 results.&#8221;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/youtu.be\/u_l_ymEMIUw\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" width=\"1024\" height=\"536\" src=\"https:\/\/distilinfo.com\/healthplan\/wp-content\/uploads\/sites\/2\/2022\/04\/Humana-1024x536.jpg\" alt=\"\" class=\"wp-image-4591\" srcset=\"https:\/\/distilinfo.com\/healthplan\/wp-content\/uploads\/sites\/2\/2022\/04\/Humana-1024x536.jpg 1024w, https:\/\/distilinfo.com\/healthplan\/wp-content\/uploads\/sites\/2\/2022\/04\/Humana-300x157.jpg 300w, https:\/\/distilinfo.com\/healthplan\/wp-content\/uploads\/sites\/2\/2022\/04\/Humana-768x402.jpg 768w, https:\/\/distilinfo.com\/healthplan\/wp-content\/uploads\/sites\/2\/2022\/04\/Humana-400x209.jpg 400w, https:\/\/distilinfo.com\/healthplan\/wp-content\/uploads\/sites\/2\/2022\/04\/Humana.jpg 1140w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n\n\n\n<p><strong>Seven key takeaways:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Revenue in the first quarter was nearly $24 billion compared to nearly $20.7 billion in 2021, a 16 percent increase.<\/li><li>Operating expenses totaled $22.7 billion in 2022 compared to $19.4 billion year over year, a nearly 17 percent increase.<\/li><li>Net income grew 12 percent in 2022 compared to the same period in 2021, growing to $930 million from $828 million.<\/li><li>Consolidated revenues were led by individual Medicare Advantage and state-based contracts membership growth, higher per-member individual Medicare Advantage premiums, and Kindred at Home revenues from external customers.<\/li><li>Consolidated revenues were offset by declining year-over-year membership associated with the company&#8217;s group commercial medical products and lower investment income in the first quarter as a result of fair value adjustments to the company&#8217;s publicly traded equity securities.<\/li><li>Total membership surpassed 10 million in the first quarter. The payer added 354,900 members since Dec. 31, an increase of 3.7 percent from the fourth quarter of 2021.<\/li><li>The payer said it is making progress on its plan to grow and retain Medicare Advantage membership in 2023, and its $1 billion value creation initiative aims to enhance Medicare offerings and expand healthcare services.<\/li><\/ul>\n\n\n\nSource: <span style=\"color: #000000\"><a style=\"color: #000000\" href=\"https:\/\/www.beckerspayer.com\/payer\/humana-s-16-revenue-growth-in-q1-7-things-to-know.html\" target=\"_blank\" rel=\"noopener noreferrer\">Beckers Payer<\/a><\/span>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Humana took in $930 million in net income during the first quarter and aims to continue adding Medicare Advantage members,&#8230; <a href=\"https:\/\/distilinfo.com\/healthplan\/humanas-16-revenue-growth-in-q1-7-things-to-know\/\" style=\"white-space: nowrap;\">Continue Reading <i class=\"fas fa-long-arrow-alt-right\" style=\"vertical-align: middle;\"><\/i><\/a><\/p>\n","protected":false},"author":10,"featured_media":4569,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-4568","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-distilinfo-originals","8":"entry"},"_links":{"self":[{"href":"https:\/\/distilinfo.com\/healthplan\/wp-json\/wp\/v2\/posts\/4568"}],"collection":[{"href":"https:\/\/distilinfo.com\/healthplan\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/distilinfo.com\/healthplan\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/distilinfo.com\/healthplan\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/distilinfo.com\/healthplan\/wp-json\/wp\/v2\/comments?post=4568"}],"version-history":[{"count":2,"href":"https:\/\/distilinfo.com\/healthplan\/wp-json\/wp\/v2\/posts\/4568\/revisions"}],"predecessor-version":[{"id":4599,"href":"https:\/\/distilinfo.com\/healthplan\/wp-json\/wp\/v2\/posts\/4568\/revisions\/4599"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/distilinfo.com\/healthplan\/wp-json\/wp\/v2\/media\/4569"}],"wp:attachment":[{"href":"https:\/\/distilinfo.com\/healthplan\/wp-json\/wp\/v2\/media?parent=4568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/distilinfo.com\/healthplan\/wp-json\/wp\/v2\/categories?post=4568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/distilinfo.com\/healthplan\/wp-json\/wp\/v2\/tags?post=4568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}