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The University of Chicago Medicine and Humana Sign Value-Based Care Agreement To Offer an Enhanced Patient Experience For Humana Medicare Advantage Members

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The
University of Chicago Medicine
(UChicago Medicine) and leading
health and well-being company Humana
Inc.
(NYSE:HUM) have entered into a value-based agreement designed
to offer a coordinated, patient-centered experience to help Humana
Medicare Advantage members achieve their best health.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20180823005531/en/

The agreement aligns two organizations with a shared commitment to
improving the patient experience and the health outcomes of people in
the Chicagoland area. The agreement will provide access to value-based
care for Humana Health Maintenance Organization (HMO), Preferred
Provider Organization (PPO), and Private Fee-for-Service (PFFS) health
plan members seeking care at the University of Chicago Medical Center;
UChicago Medicine outpatient care centers and clinics; and the
University of Chicago Physicians Group practices.

"We're pleased to enter into this agreement with Humana, as we have a
mutual commitment to innovative care delivery and collaborative
community health efforts," said Raj Krishnamurthy, chief clinical
transformation officer at UChicago Medicine. "Amid the transition to
value-based care, UChicago Medicine will continue to enhance its efforts
to coordinate care and focus on each patient's unique health needs."

"Humana is proud to collaborate with The University of Chicago Medicine,
an academic medical institution with roots in the community that span
more than 90 years," said Humana Regional President Chuck Dow. "We're
excited to share our data-driven insights and decades of expertise in
value-based care as we align to enhance the patient experience, provide
quality patient care, and lower health care costs in Illinois."

The agreement with UChicago Medicine is part of Humana's longstanding
commitment to value-based care, which emphasizes:

  • More personal time with health professionals and personalized care
    that is tailored to each person's unique health situation;
  • Access to proactive health screenings and programs that are focused on
    preventing illness;
  • Improved care for people living with chronic conditions with a focus
    on avoiding health complications;
  • Leveraging technologies, such as data analytics, that connect
    physicians and help them work as a team to coordinate care around the
    patient; and
  • Reimbursement to physicians linked to the health outcomes of their
    patients rather than based solely on the quantity of services they
    provide (fee-for-service). (Watch
    video
    of Humana and AAFP's Value-Based Payment Study Congressional
    Briefing).

Humana has an extensive and growing value-based care presence. As of
June 30, 2018, Humana has approximately two million individual Medicare
Advantage members and approximately 130,000 Group members who are cared
for by more than 52,000 primary care physicians in more than 1,000
value-based relationships across 43 states and Puerto Rico. Humana's
total Medicare Advantage membership is more than 3.5 million members,
which includes members affiliated with providers in value-based and
standard Medicare Advantage settings. For more information, visit humana.com/provider/support/vbc.

About The University of Chicago Medicine

The University of Chicago Medicine, with a history dating back to 1927,
is one of the nation's leading academic medical institutions. It
comprises the University of Chicago Medical Center, Pritzker School of
Medicine and the Biological Sciences Division. Its main Hyde Park campus
is home to the Center for Care and Discovery, Bernard Mitchell Hospital,
Comer Children's Hospital and the Duchossois Center for Advanced
Medicine. It also has ambulatory facilities in Orland Park and the South
Loop as well as affiliations and partnerships that create a regional
network of care. UChicago Medicine offers a full range of specialty-care
services for adults and children through more than 40 institutes and
centers including an NCI-designated Comprehensive Cancer Center.
Harvey-based Ingalls Health joined UChicago Medicine's network in 2016.

For more information, please visit www.uchicagomedicine.org.

About Humana

Humana Inc. is committed to helping our millions of medical and
specialty members achieve their best health. Our successful history in
care delivery and health plan administration is helping us create a new
kind of integrated care with the power to improve health and well-being
and lower costs. Our efforts are leading to a better quality of life for
people with Medicare, families, individuals, military service personnel,
and communities at large.

To accomplish that, we support physicians and other health care
professionals as they work to deliver the right care in the right place
for their patients, our members. Our range of clinical capabilities,
resources and tools – such as in-home care, behavioral health, pharmacy
services, data analytics and wellness solutions – combine to produce a
simplified experience that makes health care easier to navigate and more
effective.

More information regarding Humana is available to investors via the
Investor Relations page of the company's web site at www.humana.com,
including copies of:

  • Annual reports to stockholders
  • Securities and Exchange Commission filings
  • Most recent investor conference presentations
  • Quarterly earnings news releases and conference calls
  • Calendar of events
  • Corporate Governance information

Additional Information

Humana is a Medicare Advantage HMO, PPO and PFFS organization with a
Medicare contract. Enrollment in any Humana plan depends on contract
renewal. Other providers are available in our network.

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