On Friday, Humana named Dr. Andrew Agwunobi as president of its growing home solutions business, with the seasoned health insurance and service provider leader due to start on Feb. 21.
Agwunobi comes to the insurer from the University of Connecticut, where he currently serves as interim president of the university and CEO of UConn Healthcare. He previously served as chief operating officer of St. Joseph Health System, a network of 14 hospitals headquartered in Irvine, California, and served as CEO of the Providence Health Care System in Renton, Washington. Agkunobi also oversaw the Florida Health Authority and its $16 billion budget.
In his new position at Humana, Agwunobi will report directly to CEO Bruce Broussard and be part of the management team. He fills a vacancy left by Susan Diamond, who moved from president of the homecare division to chief financial officer of Humana last June. Broussard pointed to the medical and professional experience of Agwunobi, who runs a home care organization, as an advantage for the insurance company.
Agwunobi is a pediatrician with a medical degree from the University of Jos in Nigeria and an MBA from Stanford University.
“He’s a doctor – he understands the value of home care, why older people want it more, and our vision for Humana to make it easier for people to get the care they need at home,” Broussard said in a press release. .
Humana, the second largest Medicare Advantage carrier in the country with 4.3 million members, is investing in its home care services. UnitedHealthcare is the largest Medicare Advantage insurer in the nation, with 6.4 million people enrolled.
Last August, Humana paid $5.7 billion for its remaining shares in Kindred at Home, bringing the insurance company’s total investment in the nation’s largest provider of home care and hospices to $8.1 billion. Ultimately, Humana plans to integrate Kindred’s home health division into Agwunobi’s Home Solutions division to help those insured by various insurance companies. The integration of the two businesses will continue until 2023, the company said.
In June, the insurer also paid an undisclosed amount to acquire One Home Healthcare, which does business as onehome, to develop its growing value-based home healthcare segment. In 2021, Humana also partnered with home care provider DispatchHealth to offer emergency and emergency home care to its traditional Medicare and Medicare Advantage members.
“As the ongoing COVID pandemic has heightened interest and shift to home care and home health care models, I have every confidence that we can help the people we serve achieve better health outcomes,” Agwunobi said in a press release. .