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Humana

Humana Inc. is a leading American health insurance company headquartered in Louisville, Kentucky. Established in 1961, Humana has grown to become one of the largest health insurance providers in the United States, offering a wide range of health, wellness, and insurance products and services to millions of customers. The company is known for its innovative approach to healthcare and its commitment to improving the health and well-being of its members.

Creation Time:2024-05-19 16 key nodes English

The Timeline

1961 — 2024

  1. 1961

    Founding of Humana

    Humana was founded in 1961 by David A. Jones Sr. and Wendell Cherry as a nursing home company named Extendicare. The company initially focused on providing long-term care facilities for the elderly.
  2. 1972

    Transition to Hospital Management

    In 1972, Humana transitioned from nursing homes to hospital management, selling its nursing homes and acquiring hospitals. The company changed its name to Humana Inc. to reflect its new focus.
  3. 1984

    Introduction of Health Insurance

    Humana entered the health insurance market in 1984, expanding its services to include health plans and insurance products. This move marked a significant shift in the company’s business model.
  4. 1993

    Spin-off of Hospital Division

    In 1993, Humana spun off its hospital operations into a separate company, Galen Health Care, to focus solely on health insurance and managed care services.
  5. 1998

    Acquisition of Physician Practice Management Companies

    Humana acquired several physician practice management companies in 1998, enhancing its capabilities in providing integrated healthcare services.
  6. 2001

    Launch of Humana Military Healthcare Services

    Humana launched Humana Military Healthcare Services in 2001, providing health insurance and services to military personnel and their families.
  7. 2005

    Introduction of Medicare Advantage Plans

    In 2005, Humana introduced Medicare Advantage plans, offering a range of healthcare options to Medicare beneficiaries.
  8. 2008

    Humana acquired CompBenefits in 2008, expanding its dental and vision insurance offerings.
  9. 2011

    Humana partnered with Walmart in 2011 to offer affordable prescription drug plans, making medications more accessible to its members.
  10. 2015

    Acquisition of Concentra

    In 2015, Humana acquired Concentra, a provider of occupational health services, further diversifying its healthcare offerings.
  11. 2018

    Partnership with Walgreens

    Humana partnered with Walgreens in 2018 to open senior-focused primary care clinics inside Walgreens stores, enhancing access to healthcare services for seniors.
  12. 2019

    Acquisition of Enclara Healthcare

    Humana acquired Enclara Healthcare in 2019, expanding its hospice and palliative care services.
  13. 2020

    In 2020, Humana launched Humana Care Support, a comprehensive care management program designed to provide personalized support to members with complex health needs.
  14. 2021

    Acquisition of Kindred at Home

    Humana completed the acquisition of Kindred at Home in 2021, significantly expanding its home health care services.
  15. 2023

    Expansion of Value-Based Care Initiatives

    In 2023, Humana expanded its value-based care initiatives to improve health outcomes and reduce healthcare costs for its members.
  16. 2024

    Humana introduced Humana Virtual Care in 2024, providing members with access to telehealth services and virtual consultations with healthcare providers.

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