Humana.com - e-health company die GEWINN macht... - 500 Beiträge pro Seite

[Captain Cash]

Bei meinem Streifzug durch die Internetwelt auf der Suche nach interessanten Werten bibn ich heute auf Humana gestossen.
Die Firmenvorstellung auf der HP (www.humana.com) hört sich recht überzeugend an, man hat grosse Ziele, hohen Umsatz UND mach bereits Gewinn!
Der Aktienkurs kommt von über 30$ und steht aktuell bei 5$.
Da meiner Meinung nach alles was mit der Gesundheit der Menschen zu tun hat in Zukunft sehr gute Chancen hat muss dieser Wert in die Watchlist!
..einen Grund für den Kursverfall konnte ich nirgendwo finden.

Euer
C $ C

[Captain Cash]

Firmenvorstellung:
Humana is a leading provider of health care coverage to nearly six
million people nationwide. Headquartered in Louisville, Kentucky,
Humana is one of the nation`s largest publicly traded managed health
care companies. We offer coordinated health care coverage through a
variety of plans; health maintenance organizations, preferred provider
organizations, point-of-service plans and administrative service
products are among the plan types that we offer to employer groups,
government-sponsored plans and individuals.

Beyond a focus on offering a variety of health care plans, we offer a
variety of wellness and preventive care programs designed to help
people who want to take charge of their health. And, Humana`s
internet resources and on-line services for members helpes them
stay in touch with up-to-date health and benefit plan information.
Come inside and explore the many ways that Humana has made
health care coverage friendlier and easier than ever.

[Captain Cash]

Quartalsbericht 1Q 2000:

First Quarter 2000 Earnings Stat Pages
Return to Financial Releases

LOUISVILLE, KY - May 3, 2000 - Humana Inc. (NYSE: HUM) today
reported operating earnings of $.13 per diluted share for the first quarter
ended March 31, 2000.

These results compare to earnings of $.20 per diluted share for the first
quarter of 1999. (Excludes additional medical claims expense of $.34 per
diluted share and $.04 per diluted share gain on the sale of a tangible
asset, and includes the beneficial effect of $.02 per diluted share from
premium deficiency recognized in the quarter and $.02 per diluted share
from favorable development in the company’s workers’ compensation
liabilities.) Results for the fourth quarter of 1999 were $.15 per diluted
share. (Excludes $2.63 per diluted share for charges primarily related to
goodwill write-down and losses on non-core asset sales. Includes the
beneficial effect of $.06 per diluted share from premium deficiency
reserves and favorable development related to the company’s workers’
compensation liabilities of approximately $.03 per diluted share.) Fourth
quarter 1999 earnings excluding charges and beneficial effects (core
earnings) were $.06 per diluted share.

Net income for the first quarter of 2000 was $21 million, compared to
earnings of $33 million for the same period in the prior year. (The $33
million first quarter net income excludes the items previously discussed.)
The company anticipates similar results for the second quarter.

“The improvement in core earnings is evidence of the strides we continue
to make in returning our business to solid profitability. We would like to
have seen even more progress during the quarter. Nonetheless, given our
progress in implementing our strategic initiatives, we are cautiously
optimistic with the pace of momentum we had originally anticipated for
the second half of the year and heading into 2001,” said Michael B.
McCallister, Humana’s president and chief executive officer.

“We remain confident that the steps we are taking - investments in
infrastructure, on-going market and product rationalization and emerging
e-health initiatives – will return Humana to solid growth rates and
improvement in operating results.”

Revenue and Membership

Revenue in the first quarter increased 7.2 percent from the year ago
quarter to $2.6 billion, primarily driven by significant increases in premium
yields. Commercial premium yields averaged 11.4 percent for the first
quarter, compared to 6.3 percent for the same period in the prior year.
Due to the impact that premium increases had on member retention,
Humana’s commercial membership was 2,977,500, a 3.4 percent decline
sequentially.

Medicare premium yields rose to 6.2 percent in the first quarter of 2000
versus 2.1 percent for the prior year quarter, the result of a new pricing
component -- member premiums -- and improvement in the mix of
members in markets with higher HCFA reimbursement rates. Medicare
membership increased 29,500 or 6.0 percent sequentially. The
redirection of sales efforts to Humana’s remaining markets resulted in
new sales offsetting membership reductions from the company’s exit of
30 counties effective January 1, 2000. The company also added
approximately 19,500 Medicare members as a result of a recent
acquisition in Houston, Texas.

Medical and Administrative Expenses

The company’s medical expense ratio for the first quarter was 85.0
percent, versus adjusted ratios of 84.3 percent for the same period in
1999 and 84.8 percent in the fourth quarter of 1999. (Medical expense
ratios for the first and fourth quarters of 1999 exclude the impact of
charges but include the beneficial effects of premium deficiencies and
favorable development in workers’ compensation reserves.) The 20 basis
point sequential increase is the result of higher than anticipated medical
cost trends in various small group commercial and five Medicare
markets.

Investments in infrastructure and technology initiatives resulted in an
increase of 20 basis points in the company’s administrative expense
ratio, to 14.8 percent. This compares to 14.7 percent in the fourth quarter
of 1999, excluding charges, and 14.7 percent from the year-ago quarter.
Also impacting the administrative expense ratio was a 20 basis point
increase from a change in the amortization period of goodwill to 20 years,
effective January 1, 2000.

The company’s effective tax rate for the first quarter of 2000 declined to
21 percent compared to 35 percent for the fourth quarter of 1999 as a
result of the implementation of certain tax planning strategies related to
the disposition of its workers’ compensation business.

Cash flows

Excluding run-off workers’ compensation payments and timing of the
receipt of the Medicare payment from HCFA, cash flows used in
operations totaled $59 million in the first quarter of 2000. Operating cash
was used to make certain annual payments for premium taxes and
employee benefits ($32 million), reduce medical claims inventories ($20
million) and pay claims related to terminated membership ($11 million).

At the end of the first quarter of 2000, the company received
approximately $125 million in cash related to the disposition of its
workers’ compensation business. The company currently expects to use
those proceeds to reduce debt in the second quarter and fund large group
infrastructure and information technology spending.

E-Health Accomplishments

The company further enhanced its position in e-health on several fronts
during the quarter as it:

Implemented Internet vendor relationships with Trizetto,
Healtheon/WebMD, Oracle, EDS, QualityMetric, and PPS,
Announced a strategic collaboration with Microsoft Corp.
and Healtheon/WebMD to implement Microsoft’s Windows
® for SmartCard technology,
Implemented its enhanced humana.com website,
Completed re-design of customer service, billing and
enrollment, medical management, network operations, and
sales processes at its flagship Cincinnati market for the
implementation of e-health initiatives,
Dedicated a separate management team that is developing
a 100 percent e-enabled health plan in three test markets,
Appointed Jonathan T. Lord, M.D., a nationally recognized
leader in the field of e-health, health services quality
improvement, and physician leadership development, as its
new chief medical officer.

"Humana has developed an aggressive strategy to exploit the efficiencies
and conveniences that Internet connectivity brings to our relationships
with providers, members, employers and brokers,” said Humana’s
president and chief executive officer, Michael B. McCallister. “We are
committed to e-health because it will standardize and simplify our
business, reduce administrative costs and create value for all our
stakeholders.”

Highlights from Operating Divisions

Health Plan Division

Large Group Commercial

Premium yields were in the 10 to 11 percent range in the
first quarter of 2000 compared to a range of 6 to 7 percent
in the fourth quarter of 1999. The sequential increase is a
reflection of the company’s aggressive pricing strategy,
particularly during a quarter in which approximately 60
percent of customers in this segment renew their coverage.
Membership declined less than one percent to 1,409,000
from 1,420,500 at December 31, 1999.
Medical cost trends were in the 7 to 8 percent range for the
first quarter of 2000 compared to a range of 8 to 9 percent
in the fourth quarter of 1999 and a range of 7 to 8 percent in
the first quarter of 1999.

Medicare

Premium yields were 6.2 percent in the first quarter of 2000
compared to 4.6 percent in the fourth quarter of 1999, the
result of the implementation of a member premium
component for many of the company’s Medicare members
combined with a shift in the mix of members to markets
with higher HCFA reimbursement rates.
Membership increased sequentially 6.0 percent or 29,500
members to 518,000, despite the exit of 30 counties on
January 1, 2000. Strong sales initiatives in key markets
offset member losses from the exited counties, with
additional membership resulting from the company’s
acquisition of the Memorial Sisters of Charity Health
Network in January 2000.
Medical cost trends were in the 6 to 7 percent range in the
first quarter of 2000 compared to a range of 5 to 6 percent
in the fourth quarter of 1999 and a range of 3 to 4 percent in
the first quarter of 1999. Higher than expected utilization in
five Medicare markets had a negative effect on cost trends
in the first quarter of 2000. Medicare cost trends in these
five markets averaged 15 to 20 percent compared to five
percent in the company’s more mature Medicare markets.

Small Group Division

Small Group Commercial

Premium yields were in the 12 to 13 percent range in the
first quarter of 2000 compared to a range of 11 to 12
percent in the fourth quarter of 1999, continuing the
acceleration of rates for the small group segment.
Membership declined sequentially approximately 94,600 or
5.7 percent due to continued attrition in reaction to
significant rate increases.
Medical cost trends were in the 12 to 13 percent range in
the first quarter of 2000 compared to 10 to 11 percent in the
fourth quarter of 1999 and 9 to 10 percent in the first quarter
of 1999. Medical cost trends were more severe in small
group markets that did not have health plan membership
overlap. Problem non-overlap market cost trends averaged
approximately 20 percent versus approximately 10 percent
for the company’s overlap markets.

Two additional small group markets, Colorado and Texas, require
immediate premium pricing actions to bring premium in line with current
medical costs.

Humana Inc., headquartered in Louisville, Kentucky, is one of the
nation’s largest publicly traded managed health care companies, with
approximately 5.9 million medical members located primarily in 15 states
and Puerto Rico. Humana offers coordinated health care coverage
through a variety of plans – health maintenance organizations, preferred
provider organizations, point-of-service-plans and administrative service
products – to employer groups, government-sponsored plans and
individuals.

More information regarding Humana is available via the Internet at
www.humana.com, including on-line copies of our annual report to
shareholders, Form 10-K, Form 10-Qs, proxy statement, and recent
presentations to investor groups.

This news release contains forward-looking statements. The
forward-looking statements made in this news release are made pursuant
to the safe harbor provisions of the Private Securities Litigation Reform
Act of 1995. Forward-looking statements may be significantly impacted
by certain risks and uncertainties described in Humana’s annual report
on Form 10-K for the year ended December 31, 1999, as filed with the
Securities and Exchange Commission.

[Captain Cash]

Kann denn keiner was zu Humana sagen ??
Die Aktie dürfte in Zukunft vom kommenden Biotech - Healthcare Boom profitieren.
C $ C

[Seb78]

Bewertung der Analysten: 1 moderate buy/ 15 hold/ 1 moderate sell
Hat in den letzten Tagen in New York leicht angezogen
Website mit vielen Informationen zu kleinen Firmen: "smallcapcenter.com" und sich durchklicken
Der Wert sollte beobachtet werden, mal sehen was die Analysten sagen.

Danke für den Hinweis

[valderrama]

Hi Captain Cash!

Hast Du damals die Humana gekauft? Die haben ja den Turnaround eindrucksvoll geschafft. Sie sind damals leider von schlechten Pharmameldungen von anderen Firmen mit nach unten gezogen worden.
Innert kurzer Zeit sind sie von 5 auf 10.75 Dollar gestiegen. Noch
2 Dollar dann bin auch ich wieder in der Gewinnzone.....

Gruss Valderrama

[Captain Cash]

Ich VOLLIDIOT hab sie nicht gekauft

[kalau34]

HI HUMANISTEN Ich selbst und wir alle können ruhig ein bisschen stolz auf uns sein.Es sind nicht immer die grossen werte die dass geld bringen, diese aktie ist wenn man es genau betrachtet eine rakete, 200% in 6 mon. ich bleibe auf jeden fall investiert,den bald werden wohl die 20er gecknackt. gruss an alle der kalau