Humana Inc. Business Analysis Paper

HCA rose from humble beginnings as a physician owned hospital (Park View Hospital) in Nashville, Tennessee. Park View Hospital was originally founded by Thomas Frist, Sr., in 1960. In response to his experiences managing growing hospital needs, Frist Sr., along with his son, Dr. Thomas Frist, Jr. and business partner Jack C. Massey, formed the Hospital Corporation of America (HCA) in 1968. Investors were recruited for a 1969 Initial Public Offering on the New York Stock Exchange.

“UnitedHealthcare provides network-based health care benefits for a full spectrum of customers in the health benefits market” such as students and individuals; sole proprietorships to multi-site, large national employers; promotion of health benefits to Medicare retirees and beneficiaries; and provides Medicaid and community programs (UnitedHealthcare, 2010). UnitedHealth Group 2012 revenue was $11.3 billion. The company is continuously growing through various mergers and acquisitions within the US and Europe, increasing members and revenues (Keepournhspublic, n. d.).

Humana Inc. is an insurance company that has been around for more than 50 years. Well-being is the core objective of Humana. Well-being remains the primary focus, but Humana is going beyond health insurance to partner with people to assist with healthier lives. Humana’s organizational behavior stands on management’s principles, visions, and values to sustain those well-being goals.

Shortly after that in 1995, United HealthCare attained the MetraHealth Companies Inc. for $1.65 billion. During 1998, the company undertook a momentous realignment of its operations into six independent, yet strategically linked businesses. Each of the companies were dedicated to meeting the health and well-being needs of a distinctive market segment. To accurately reflect the breadth and structure of this new company, the corporate organization, United HealthCare Corporation, was renamed UnitedHealth

In 1997 University of California, San Francisco (UCSF) merged its two public hospitals with Stanford’s two private hospitals. The two separate entities merged together to create a not-for-profit organization titled UCSF Stanford Health Care. The merger between the health systems at UCSF and Stanford seemed like a good idea due to the similar missions, proximity of institutions, increased financial pressure with cutbacks in Medicare reimbursements followed by a dramatic increase in managed care organizations. The first year UCSF Stanford Health Care produced a profit of $22 million, however three years later the health system had lost a total of $176 million (“UCSF-Stanford Merger,” n.d.). The first part of this paper will address reasons

The UHCA follows a tradition of attempts to ensure universal health care coverage in the U.S. During the nation’s early history of 1883-1912, there were no government health insurance programs or efforts to subsidize voluntary funds. The states were responsible for individual programs and it was left to the private industry. Some voluntary funds were available for members in case of sickness or death.

Fortune 500 company, United Services Automobile Association (USAA) began as a small group of 25 U.S. Army officers in 1922. Nearly 90 years later, it is now an organization with more than 7.4 million members, offering banking, investing, retirement and insurance services worldwide. Since its inception, USAA has expanded membership eligibility to include all members of the Armed Forces and their family. What makes USAA stand out is that it is not a corporation, but an inter-insurance exchange. This allows each member to be insured by every other member concurrently, yet only liable for the premiums which they have paid in. Since

It is often said that, “necessity is the mother of invention” and the beginnings what we now know as Kaiser Permanente is just that. During the great depression a bright young surgeon, Sidney Garfield, MD, had the foresight to build a hospital when he saw the thousands of men that were building the Colorado River Aqueduct Project. The hospital was built six miles from a small town called Desert Center. When the hospital opened it quickly began treating sick and injured workers. However, insurance companies were slow to pay and not all of the men had

Humana, Inc. is a health insurance company from Louisville, Kentucky that started in 1961 by Lawyers Wendell Cherry and David A. Jones, Sr. Humana started as a nursing home where it later become the largest nursing home company in the nation. After the nursing homes they soon began to purchase hospitals entirely for expansion. The name of the company changed to Humana, Inc. two years later. Cherry and Jones continued to expand by purchasing other companies. In 1984, the company began focusing on Health Insurance where it remains to focus on even today. Since 2014, Humana has had over 13 million customers and over 52,000, and a revenue of $41.3 billion that was reported in 2013.

United Healthcare assesses that it services approximately 70 million Americans . Its entire system spans 676,287 physicians and health care professionals, 80,000 dentists and 5,190 hospitals, whilst their pharmaceutical management provides more affordable drugs to 13 million people.

UnitedHealth Group is a diversified health care company, and a worldwide leader in helping people live healthier lives and taking the necessary steps in making the health system work better for everyone. The UnitedHealth group serves more than 85 million individuals worldwide with health benefits and services. In 2012, they produced revenues of $110.6 billion and were ranked number 17 in the Fortune 500. The economic and political segments would rank the highest in influencing the UnitedHealth Group.

In all of the U.S, United Healthcare is the only health carrier that has been working towards improving the effectiveness as well as quality of healthcare for people belonging to all the various nations. This organization has been trying to make the medicines more accessible to the people who need them; they have been trying to implement the services that could be used by the masses not only in terms of cheaper costs but better accessibility as well.

UnitedHealth Group continues to enjoy steady progress across its major business units. Over the past two years United has worked to strengthen and accelerate its investments in its core health insurance and health services (Optum) units. This disciplined approach has resulted in both top-line and bottom-line growth growth for the organization on a year-over-year basis, with primary growth coming from the senior and public sectors, as well as from strong results in Optum. Membership for the third quarter was unchanged sequentially from 2Q14 with medical membership holding steady at 44.9 million members.

Human Resources constitute as one of the most imperative components of any organization, be it small scale business or a large conglomerate. Some of the key functions of the Human

▪ Founded 1984 ▪ 2009 Revenue: $11.1 billion ▪ 2009 Net Income: $1.89 billion ▪ Employees: 12,000