- More than 10,000 Humana jobs throughout the state support
approximately 50,000 more jobs statewide
- Humana’s financial impact to the state’s gross domestic output
averages $13.9 billion
- Community investments from Humana, its employees and the Humana
Foundation total about $51 million per year
The University of Louisville’s College of Business recently
released the results of a study that evaluated Humana’s economic
and community impact on Kentucky.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20240612803639/en/
Thomas Lambert, PhD, applied economist
for the University of Louisville College of Business, conducted an
economic research analysis of Humana's impact in Kentucky. With
more than 10,000 employees, Humana makes significant contributions
to the Commonwealth's economy. (Graphic: Business Wire)
The study, which examined gross contributions and multiplier
effects from 2017-2023, demonstrated the company’s value both as an
employer and through ripple effects across industries and
localities. Each year, Humana drove an average of $13.9 billion in
GDP, $2.6 billion in tax revenues, $75.5 million in charitable
contributions, and more than 60,000 jobs throughout the
Commonwealth.
Headquartered in Louisville since 1961, Humana is a leading
integrated health and wellness company that serves as an active
community partner and positive economic driver for both its
corporate hometown and the state overall. Together, the company’s
Medicare Advantage, Medicaid, TRICARE and specialty insurance and
its CenterWell health care services employ about 63,000 people
nationwide, with more than 10,000 of them working in Kentucky. The
positions cover a wide range of career fields from customer care
specialists and business management in the corporate headquarters
to physicians and nurses in the six CenterWell Senior Primary Care
centers in Louisville, Frankfort and Lexington. For one of those
locations, Humana’s CenterWell Senior Primary Care partnered with
the Louisville Urban League to open a center on the city’s west
side – an area that has suffered from significant
underinvestment.
According to UofL’s report, an employment multiplier effect
means the more than 10,000 Humana jobs in Kentucky support another
approximate 50,000 jobs in the Commonwealth. The multiplier effect
also applies when assessing financial impact, meaning the average
$4.5 billion Humana contributes to the state’s gross domestic
output adds an additional $9.4 billion to Kentucky’s output.
“Humana has a profound impact on Louisville and statewide,”
Thomas Lambert, PhD, University of Louisville Applied Economist who
led the study, noted in the report. “Our state domestic output and
Louisville area output would shrink quite a bit if they did not
exist. Big effects.”
Community Support
Humana’s investment in Louisville and Kentucky reaches far
beyond its payroll. The company also supports its local community
through non-profit investments and partnerships. Humana Healthy
Horizons, the company’s Medicaid business, partners with numerous
organizations dedicated to improving the region’s most pressing
health issues – such as food and housing insecurity, chronic
disease management, behavioral health, maternal health, and much
more.
“Our Kentucky roots run deep. Humana was founded in Louisville,
and our presence here is not only important to our history, but
also our future,” said Jeb Duke, President, Humana Healthy Horizons
– Kentucky, which currently serves about 160,000 of the state’s
most vulnerable individuals. “We are proud to contribute to the
fabric of our community, and work directly with the community-based
organizations that serve our members at the ground level. By
fostering these local connections, we can meet our members where
they are and increase positive health outcomes for all
Kentuckians.”
One example of this work includes responding to natural
disasters, such as the devastating tornadoes in Western Kentucky.
This involved support for a rapid-response free health clinic,
expanded broadband infrastructure to support community hotspots and
telehealth, and collaboration with community organizations on
workforce development initiatives. Based on learnings from this
disaster and others that Humana has responded to in Kentucky,
Humana Healthy Horizons continues to build strong relationships
with community-based organizations that support disaster readiness
and now offers a meal benefit to members when the governor declares
a state of emergency due to disasters.
Another is Humana’s national affordable housing strategy. As
part of its $90 million commitment to housing stability, the
company has invested in four residential communities in Kentucky.
The investments go well beyond simply a financial investment, with
Humana continuing to work with these residential communities to
provide needed services. At Zion Manor in West Louisville, Humana
recently hosted a health fair that included free health screenings
and educational resources to help the residents achieve their best
health.
Humana has a longstanding strategic partnership with Volunteers
of America (VOA). VOA began its family first recovery program (FFR)
in Kentucky, which creates a focused treatment program that
supports mothers recovering from substance use disorder and
addresses underlying physical, mental, and behavioral health
challenges. With Humana’s continued financial and operational
support, VOA is scaling this program to additional states like
Georgia, Oklahoma and Ohio.
The company’s community impact is not limited to the support
provided through its Medicaid business. Humana, its employees and
the Humana Foundation regularly give time and financial support to
aid community-based organizations, especially during times of
need.
At a critical moment in 2023, the Humana Foundation quickly
committed $1 million to bolster mental health resources in its
hometown, following the aftermath of mass shootings in downtown
Louisville. The donation continues to support victims and families,
along with others in the community struggling from ongoing hardship
and trauma that the city has endured in recent years. The donation
is part of the Humana Foundation’s commitment to health equity and
creating healthy emotional connections for the communities it
serves.
The Humana Foundation can deliver on its commitments because of
the dedication, support and wide expanse of Humana employees. In
valuing the volunteer hours and financial donations from the Humana
workforce, corporate donations and grants from the Humana
Foundation, the study found an average of around $51 million
annually is estimated to have been given in support of Kentucky
communities.
The full report can be found on the University of Louisville’s
website: Humana Impact Report : University of Louisville – College
of Business .
About the University of
Louisville
Founded in 1798 as one of the nation’s first city-owned, public
universities, the University of Louisville (UofL) is a vital
ecosystem that creates thriving futures for students, our community
and society. One of only 84 universities in the United States to
earn recognition by the Carnegie Foundation as both a Research 1
and a Community Engaged university, we impact lives in areas of
student success and research and innovation, while our dynamic
connection with our local and global communities provides
unparalleled opportunities for students and citizens both.
The UofL College of Business, founded in 1953, fosters
intellectual and economic vitality in our city, region, and the
global business landscape. Our academic programs, research,
community outreach initiatives, and commitment to student success
inspire lives and businesses to flourish through entrepreneurship,
innovation, critical thinking, diversity, and the power of
people.
About Humana Healthy
Horizons
Humana manages Medicaid benefits for nearly 1.2 million members
nationally under the Humana Healthy HorizonsTM brand, which
reflects our expertise in managing complex populations, our
commitment to creating solutions that lead to a better quality of
life for our members, and our efforts to deliver human care that
makes the healthcare experience easier, more personalized and more
caring.
During more than two decades of serving people with Medicaid,
Humana and Humana Healthy Horizons have developed a wide range of
capabilities to serve children, parents, childless adults, and
beneficiaries that are aged, blind or disabled. We integrate
physical health, behavioral health, pharmacy, long-term care, and
social services for a whole-person approach to improve the health
and well-being of our members and the communities we serve.
Humana Healthy Horizons is a Medicaid Product offered by
affiliates of Humana Inc.
About Humana
Humana Inc. (NYSE: HUM) is committed to putting health first –
for our teammates, our customers, and our company. Through our
Humana insurance services, and our CenterWell health care services,
we strive to make it easier for the millions of people we serve to
achieve their best health – delivering the care and service they
need, when they need it. These efforts are leading to a better
quality of life for people with Medicare, Medicaid, families,
individuals, military service personnel, and communities at large.
Learn more about what we offer at Learn more about what we offer at
Humana.com and CenterWell.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240612803639/en/
Angie Weiss Humana Corporate Communications e-mail:
aweiss3@humana.com
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