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News Breaks | | | | October 15, 2012 | | 14:02 EDT |  | AMED, HUM | Amedisys sinks after warning new deal will generate less revenue
Home health care provider Amedisys (AMED) is tumbling after the company renewed its contract with health insurer Humana (HUM), but predicted that the new deal would generate 50% less revenue than the previous agreement. The new contract may cover fewer markets and Amedisys will be paid on a per visit basis, rather than on an episodic basis as was previously the case, Amedisys reported. Amedisys, which noted that it had previously generated $65M-$70M in revenue from Humana each year, said the new agreement would begin impacting its revenue this quarter. However, the "full impact" of the deal won't be felt until 2013, the home health care provider added. In mid-afternoon trading, Amedisys sank $1.39, or 10.43%, to $11.94. | |
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News For AMED;HUM From The Last 14 Days Check below for free stories on AMED;HUM the last two weeks. |
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| May 20, 2013 | | 09:47 EDT |  | HUM | Humana management to meet with JPMorgan
 Subscribe for More Information | | | May 16, 2013 | | 10:10 EDT | | HUM | Quest Diagnostics Humana acquires Concentra's laboratory business
Subscribe for More Information | | | May 9, 2013 | | 08:51 EDT | | HUM | Humana appoints Roy A. Beveridge, M.D., as Chief Medical Officer
Humana (HUM) has appointed Roy A. Beveridge, M.D. as Senior VP and Chief Medical Officer, effective June 17. Dr. Beveridge is currently Chief Medical Officer for McKesson Specialty Health, a subsidiary of McKesson (MCK). | | | May 8, 2013 | | 10:10 EDT | | HUM | Humana announces plans to add 500 telesales positions
Subscribe for More Information | | | May 6, 2013 | | 10:04 EDT |  | HUM | On The Fly: Analyst Upgrade Summary
Subscribe for More Information | | | 07:58 EDT | | HUM | Humana upgraded to Overweight from Neutral at JPMorgan
Subscribe for More Information | | | 06:53 EDT |  | HUM | Health insurers plan to push Obamacare, Politico says
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