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New veterans' unit could be big business for Humana Inc.

Managed Care Weekly Advisor, June 6, 2007

A small subsidiary of Humana Inc. could bring in big revenue for the Louisville-based healthcare provider, which is now eyeing veterans as new customers. Humana Veterans Healthcare Services Inc. is seeking requests for proposals in anticipation of working with the VA to manage the quality and cost of veteran healthcare.

Humana Inc. recently bid on Project HERO, or Healthcare Effectiveness through Resource Optimization, a VA pilot program designed "to reduce VA contract costs while improving access, accountability, care coordination, patient satisfaction and clinical quality," according to a statement on the VA's Web site.

In 2003, Humana's Military Healthcare Services won a five-year $2 billion contract to be the managed care contractor for 2.8 million patients in 10 states. Last year, $14.6 billion of Humana Inc.'s $20.7 billion in premium revenue came from government sources.

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