HUM · 10-Q · 2026Q3 · Full report

Value-Based Care Integration

HUMANA INC · 2026-11-06 · Importance 23 · Surprise 24 · Matches filing data

Humana’s integrated care delivery model combines physician-directed care, member engagement, and data analytics, with the stated aim of improving health outcomes, affordability, and the member experience. The company offers providers performance bonuses, shared savings, and shared-risk arrangements to support movement from fee-for-service to value-based care. At September 30, 2026, approximately 4.12 million individual Medicare Advantage members, or 64%, were in value-based relationships, compared with 3.55 million members a year earlier. The member count increased substantially, although the share of individual MA membership in such relationships decreased from 68%.

Key facts

• On February 13, 2026, Humana acquired MaxHealth for approximately $908 million cash consideration, net of cash acquired. source
• The preliminary MaxHealth purchase price allocation included approximately $800 million of goodwill, $71 million of other intangible assets, and $59 million of net tangible assets acquired. source
• MaxHealth’s other intangible assets, primarily member relationships and trade names, have an estimated weighted average useful life of 6.9 years; the purchase price allocation is preliminary pending valuation analysis. source
• At September 30, 2026, approximately 4,123,700 individual Medicare Advantage members, or 64%, were in value-based relationships, compared with 3,553,000 members, or 68%, at September 30, 2025. source

Impact estimates