Humana's Provider Quality Rewards Program Distributes More Than $35 Million to Primary Care Physicians in Florida
Physicians in program met or exceeded quality benchmarks in 2011
TAMPA, Fla.--(BUSINESS WIRE)-- Humana Inc. (NYS: HUM) , one of Florida's leading health and well-being companies, distributed more than $35 million to physicians across the state who participated in the Humana Provider Quality Rewards Program in 2011, the program's second year.
Close to 900 physician practices in Florida received payments from Humana in recognition of outcome and performance improvements made by their practices last year for their patients who are Humana Medicare Advantage health plan members. Some $22.6 million went to primary care physicians in South Florida, while participating doctors in Central and North Florida received more than $7.5 million in quality incentives from Humana. In addition, Humana paid nearly $4 million in quality bonuses during 2011 to vision providers.
In 2011, Humana distributed nearly $20 million to physician practices across Florida under the program for 2010 performance improvement results.
The $35 million-plus in quality incentives for Florida primary care doctors also included $1.5 million in provider quality rewards to physicians, distributed by CarePlus Health Plans, a Florida Medicare Advantage HMO owned by Humana. Some 1,600 primary care physicians participated in CarePlus' Quality Rewards Program last year.
"The Humana Provider Quality Rewards Program keeps improving outcomes and driving efficiencies across a growing number of our Medicare Advantage members," said Renee Buckingham, Vice President of Provider Engagement at Humana. "More and more Florida doctors continue to relay their positive feedback to us about the value that our program brings to their patients. Humana is excited to once again recognize and reward these physicians for helping members achieve well-being by focusing on enabling greater quality of life and improved health outcomes."
Humana and CarePlus payments to physician practices are based on the practices' quality improvements in nine National Committee for Quality Assurance (NCQA) preventive and chronic-condition management areas. They are:
Breast cancer screening
Colorectal cancer screening
Osteoporosis medication management
Body Mass Index
Diabetes Treatment Management
Anti-rheumatic drugs for patients with rheumatoid arthritis
Humana is one of Florida's largest Medicare health benefits companies with nearly 600,000 members statewide and one of Florida's leading health care employers with more than 5,000 associates statewide.
Humana Inc., headquartered in Louisville, Ky., is a leading health care company that offers a wide range of insurance products and health and wellness services that incorporate an integrated approach to lifelong well-being. By leveraging the strengths of its core businesses, Humana believes it can better explore opportunities for existing and emerging adjacencies in health care that can further enhance wellness opportunities for the millions of people across the nation with whom the company has relationships.
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
Replays of most recent earnings release conference calls
Calendar of events (including upcoming earnings conference call dates and times, as well as planned interaction with research analysts and institutional investors)
Corporate Governance information
Humana Corporate Communications
Mitch Lubitz, 813-732-0386
KEYWORDS: United States North America Florida
The article Humana's Provider Quality Rewards Program Distributes More Than $35 Million to Primary Care Physicians in Florida originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.