Bruce Dale Broussard
President, CEO & Director
Brian Andrew Kane
Senior VP & CFO
Chief Executive Officer of Humana East Region Employer Group Segment
Humana was founded in the year 1961. The company has been active for almost 58 years now. The founder of the company was Wendell Cherry and David A Jones Sr. The two co-founders had established a nursing home in the year 1961. The former name of the company was Extendicare Incorporated, which had become the largest nursing home company during the year 1968. But, in the year 1972, Jones and Cherry had sold the nursing home chain, in order to purchase hospitals. In the year 1974, the partners had changed the corporate name to Humana Incorporated. The company had grown up in the following years, both by business and in the year 1978 through the acquisition of American Medicorp - which helped in doubling the company's size and growing into the world's largest hospital company during the 1980s. Also, during this period, the company had developed the double corridor model for hospital construction as well.
Then in the year 1993, the company had become the largest hospital operator in the country, owning almost 77 hospitals. Humana executives spun off hospital operations from health insurance operations in order to create Galen Health Care. The following year the company had sold the 73 hospitals of Galen Health Care to Nashville-based Columbia Hospital Corporation of America, for an amount of almost $3.4 billion. In the year 2005, the company had entered into a business partnership with Virgin Group, thereby offering financial incentives to members for healthy behaviours as well, such as regular exercise. The following year, The Centers for Disease Control and Prevention and Humana collaborated together in order to expand on the traditional private-sector path, to population health management. As of the year 2006, Humana launched an education campaign to market Medicare Advantage and Prescription Drug Plans nationwide, for Medicare-eligible consumers. The same year, the company had launched RightSource, which was a national mail-order retail pharmacy business. In the year 2010, the company had bought over a Texas-based company named Concentra, for $790 million, effectively returning to health care services. During the year 2011, the company had announced that it would be using mobileStorm in order to transmit protected health information to all its patients. As of the year 2015, the company had announced the sale of Concentra to private equity firm named, Welsh, Carson, Anderson & Stowe and Select Medical Holdings Corporation, for about $1 billion. As of the year 2018, the company had joined two private equity firms in the acquisition of Kindred Healthcare. The deal provided Humana with a 40 per cent stake in the company's home health, hospital and community care businesses, for approximately $800 million as well. The headquarters of the company is based in 500 W Main Street. The name of the place is Louisville, while the name of the state is Kentucky, USA. The pin code of the area is 40202.
Humana is an American company that operates via three segments in the healthcare market, via local healthcare, group healthcare and also other types of healthcare services as well. The current CEO of the company is Bruce D Broussard. As of the year 2018, the number of employees working at the company is more than 41,000. The amount of revenue generated by the company, as of the year 2013, is more than $41.3 billion. The company is ranked at 56 places in the Fortune 500 companies list.
The primary services provided by the company include allowing customers to obtain the various kinds of healthcare services offered by the company itself. The company helps in serving senior citizens, families, military members, self-employed individuals, etcetera. The company is committed towards the offering of health as well as wellness services too.
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