Humana Inc. (HUM - Free Report) and Accolade announced to have combined their expertise for offering differentiated healthcare and benefits to patients. With this deal, employers and their health plan members would be able to enjoy advantages of Humana’s provider networks. They could benefit from innovative medical, dental, pharmacy, Employee Assistance Program (EAP), Work-life Services and Go365 wellness reward program capabilities. This apart, Accolade’s solid member engagement services, and health and benefits programs should continue to support.
In order to improve consumer engagement, experience, outcomes and expenses in healthcare, Humana with Accolade created an advanced platform and a customized advocacy solution for Humana’s self-funded employer clients along with their employees and families.
With a unique approach, Humana will integrate a wide range of data on Accolade’s platform, which leverages machine learning intelligence. This in turn has the potential to decrease complexity and waste.
This tie-up is yet another addition to Humana’s effort to reinvent healthcare to cater to clients. It will not only be able to meet specific healthcare needs with this partnership but would also enhance its business. It constantly put in efforts to collaborate and buy companies to boost portfolio.
Some of the acquisitions made by the company will help it achieve long-term growth. These include acquisitions of Family Physicians Group, Your Home Advantage, Curo and a share in Kindred at Home, which helped Humana to deepen its reach in the home health and hospice market. In the first half of 2018, the company was busy with the launch of Conviva and the acquisition of Orlando-based Family Physicians Group.
Shares of this Zacks Rank #3 (Hold) company have gained 3.7% in a year's time, underperforming its industry’s growth of 12.1%. Its solid fundamentals like Medicare business and acquisitions and dispositions should continue driving the stock going forward.
Stocks to Consider
Investors interested in the medical sector can take a look at some better-ranked stocks like UnitedHealth Group Incorporated (UNH - Free Report) , Centene Corporation (CNC - Free Report) and WellCare Health Plans, Inc. , each currently carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
UnitedHealth operates as a diversified health care company in the United States. In the last four quarters, the company delivered average beat of 3.39%.
Centene operates as a diversified and multi-national healthcare enterprise in the United States. It recorded average earnings surprise of 4.99% in the trailing four quarters.
WellCare Health offers managed care services to government-sponsored health care programs. The company pulled off average positive surprise of 15.43% in the preceding four quarters.
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