Humana Inc. was based in 1961 in Louisville, Kentucky by David Jones and Wendell Cherry as a breast feeding abode firm. The choice to begin the enterprise got here in a reasonably uncommon state of affairs. It was spell each males had been taking part in a sport of golf in Louisville. Each of them put up $1,000 as their preliminary funding. The firm quickly turned the most important breast feeding abode firm inside the United States.
Learning that extra income may very well be made in operative hospitals they divested from the breast feeding abode chain and stirred into buying hospitals in 1971. To mirror the corporate's new course, the identify was modified from Extendicare to Humana Inc. in 1974. Humana complete great development organically.inside the years that adopted. Its coup of American Medicorp Inc. in 1978 ternary the corporate's measurement. During the mid-1970s, a fast-track development course of enabled the completion and opening of 1 hospital a month. This accelerated development docket compressed time by overlapping processes thus permitting the event of hospital tasks extremely quicker. Humana then stirred into creating the double hall mannequin for hospital development which decreased the space between sufferers and nurses by inserting breast feeding help companies inside the inside of the constructing with affected mortal suite close the perimeter.
Humana in time turned the world's largest hospital firm inside the 1980s. As the American well being care system developed inside the 1980s, Humana developed an built-in well being care supply system by making a menag of versatile well being care plans, ligature up the well being care service with a medical insurance plan thus facultative them to start advertising medical insurance in 1984. .
Humana introduced the pioneering synthetic coronary heart analysis of Dr. Robert Jarvik and Dr. William DeVries to Louisville underneath the newly-created Humana Heart Institute in 1985. Just in 1982 Clark, a 61-year-old retired dental practitioner from Des Moines, Washington, turned the primary human to obtain a entirely constituted synthetic coronary heart by the hands of operating surgeon William DeVries. For DeVries, then 38, that satisfying second was the end result of the three years he had spent perfecting the approach that made the implant attainable, and ready for a affected mortal who met the rigorous standards established for implant candidates by the Food and Drug Administration. For DeVries the 7½-hr. operation was "almost a spiritual experience. So acquiring such a man together with his collaborator was to bring much invention and life prolongation at the center of Humana.
In the 1990s Humana metamorphosed into a consumer health benefits company. Humana spun-off its hospital operations from the health insurance operations in 1993 and created the new company Galen Health Care Inc. Soon after, Galen incorporate with Columbia/HCA. After United Healthcare's failing attempt to acquire Humana in 1998, Humana began pioneering work in consumer driven health care in 1999; launching its first services on September 11, 2001.The marketing and administering of health benefit consumer services. became a very profitable area of Humana's engagement run in the mai from its headquarters at the Humana building.
Through a partnership with Navigy, Inc., a subsidiary of Blue Cross and Blue Shield of Florida, Inc., in 2001, Humana launched Availity to empower physicians and other health care professionals with a business solution to conduct their daily health plan transactions.
Humana began marketing health nest egg account services to individuals and companies in 2003. The Business Health Care Group of Southeast Wisconsin chose Humana as its body partner to drive Southeastern Wisconsin health care costs to the Midwest average in 2005, through consumer education largely, providing cost and quality information on health care providers, structuring answerability of all stakeholders and collective buying. Today, this Group represents more than 200 member companies, including large and small employers representing more than 150,000 health care consumers in Southeastern Wisconsin.
Upon passage of the Medicare Prescription Drug, Improvement, and Modernization Act in the U. S. Congress, Humana launched an aggressive education campaign to market Medicare Advantage and Prescription Drug Plans nationwide to Medicare worthy consumers in 2006. Through a cross country RV tour and strategic alliance with medicare distribution concerns such as Wal-Mart, just about 5 million consumers got signed catapulting Humana to #2 in industry market share for senior products. Humana also launched Right Source, a national mail-order retail pharmacy business in 2006.
The list below shows some of the major acquisitions by Humana since 1990 in the U.S.A::
1990 Michael Reese Health Plan Illinois
1995 The Dental Concern Illinois
1995 Carrington Illinois
1996 Employers Health Insurance (EHI) Wisconsin
1997 Physicians Corp of America (PCA) Texas
1997 ChoiceCare Ohio
2000 Memorial Sisters of Charity Texas
2003 Oschner Health Plan Louisiana
2005 CarePlus Health Florida
2005 Corphealth Behavioral Healthcare Texas
2006 CHA Health Kentucky
2007 Compbenefits Georgia
2007 KMG Minnesota
Over 46 years since its foundation by those two golf players, Humana is now the Official Health Benefits Provider of the PGA Tour and Champions Tour. PGA Tour player David Toms and LPGA player Nancy Scranton are both ambassadors for Humana. With a client base of over 11.5 million in the United States the company is now the largest Fortune 500 Company. Headquartered in Louisville in the Commonwealth of Kentucky, it has generated a market capital of over $10 billion and $21.4 billion dollars in revenue. Humana employs over 22,500 "associates" nationwide. It markets its health benefit consumer services all over the US and has international business interests in Western Europe. In its March 2007 issue, Fortune Magazine named Humana one of the Top 5 Most Admired Healthcare Companies in the United States.
The picture of Humana making business out of health care and medicine has not been all rosy. There have been widespread opposition to this commercialisation of what they think should be a social service as unethical. This has even often degenerated into legal tussles.
In 1987, Humana sued NBC over a story line in the television medical drama St. Elsewhere where the hospital was to be sold to a for-profit medical corporation and renamed "Ecumena", with resultant changes to the hospital, both positive and negative, emanating from that change. Humana forced NBC into showing a disclaimer at the beginning of the September 30 episode locution that the drama had no connection some with Humana. A write au courant it states:
A federal court in Paducah, Ky... subordinate that NBC issue a disclaimer before last night's episode of "St. Elsewhere" explaining that the hospital drama has no relationship with Humana Inc., the for-profit hospital chain noted for its work on the artificial heart.
According to this season's story line, fictional St. Elsewhere has been sold to a for-profit medical corporation it has renamed the hospital "Ecumena." The new owners have made improvements to the shabby inner-city Boston hospital, but the corporation is also not as compassionate toward the poor and uninsurable as ...
On May 30, 1996, Linda Peeno, who was a contract worker for Humana for nine months, testified before Congress as to the demerits of managed care.
She began by making a public confession:
In the spring of 1987, as a physician, I caused the death of a man. Although this was famed to many people, I have not been taken before any court of law or called to account for this in any professional or public forum. In fact, just the opposite occurred: I was "rewarded" for this. It bought me an improved reputation in my job, and contributed to my advancement afterwards. Not only did I demonstrate I could so do what was expected of me, I exemplified the "good" company doctor: I saved a half million dollars..
I contend that "managed care," as we presently know it, is inherently unethical in its organization and operation. Furthermore, I maintain that we have an industry which can exist only through egregious ethical violations against individuals and the public
On the June 21, 2007 episode of Amy Goodman's Democracy Now! radio/television program, Peeno further claimed that "simply inside a day some of the refusal of the center transplant, "I saw a sculpture being installed in the rotunda of Humana's headquarters and was told ... that it had cost about the same as the heart transplant that we had denied... I later found out that that sculpture cost $3.8 million, ... equivalent to eight heart transplants."
A video of Linda Peeno's testimonial appeared in Michael Moore's 2007 documentary Sicko. In an announcement concerning the film, Humana declared that Peeno was by no means a Humana affiliate, yet reasonably a "part-time contractor". Humana additionally controversial the parts of Congressional testimonial that had been tested by locution that as a result of the affected mortal's particular healthcare plan did not cowl coronary heart transplants, the denial of protection was legitimate.
Humana was additionally featured in Season One of Moore's The Awful Truth, tested refusing to provide a exocrine gland failure sufferer authorization for a transplant as a result of a contradictory coverage that acknowledged that every one of this man's diabetes associated bills had been lined by his plan (his pancreas was failing as a result of his diabetes) yet in one other part, it expressed that it would not cowl organ transplants. Moore performed a faux funeral on the entrance stairs of Humana for the mortal who was positive to die with out the transplant. Three days later, Humana modified their coverage and accredited the mortal's therapy. This scene was the inspiration for Sicko.
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