The company published its annual value-based care report Feb. 5. Humana saved 25.8% on medical costs that would have been incurred if its members were enrolled in fee-for-service Medicare, up from 23.2% in 2022.
Humana’s value-based care strategy is about “getting back to basics” according to the report, to create better outcomes and lower costs.
Here are five more numbers to note:
- In 2023, 70% of Humana’s Medicare Advantage members were enrolled in value-based arrangements.
- Humana beneficiaries in value-based arrangements had around 12% fewer emergency department visits than those in fee-for-service plans, and around 7% fewer inpatient admissions.
- Value-based arrangements outperformed fee-for-service on several safety and quality outcomes, including blood sugar control for individuals with diabetes, blood pressure management and colorectal cancer screenings.”
- Humana’s Florida and Kentucky Medicaid programs outperformed fee-for-service Medicaid on more than 150 quality measures.
- Physicians participating in Humana’s value-based care models earned up to 2.4 times the Medicare fee schedule.
Read the full report here.
