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Health care industry

Humana Inc. Lands National Account with Fifth Third Bank

Strategic Insights

— 1 min read

Fifth Third Bank, a financial institution with a 160-year history, has selected ChoiceCare/Humana as its new health care benefits provider for over 8,000 employees and their families. The partnership, which will expand to 12,000 new ChoiceCare/Humana health plan members in five states, underscores Humana's flexibility and customer service capabilities in meeting the health care needs of employers nationwide.

Key Takeaways:

  • Fifth Third Bank, a large financial institution with $28.3 billion in assets, has chosen ChoiceCare/Humana as its new health care benefits provider.
  • The partnership will cover over 8,000 employees and their families, expanding to 12,000 new ChoiceCare/Humana health plan members in Ohio, Kentucky, Indiana, Florida, and Arizona.
  • Humana's flexibility and customer service capabilities were key factors in securing the national account.
  • ChoiceCare/Humana has been recognized as one of the most highly regarded managed care organizations in the country, earning the prestigious Sachs Award three consecutive years.
  • Humana's CEO, Gregory H. Wolf, believes the partnership demonstrates the company's ability to meet the health care needs of employers nationwide.
  • Fifth Third Bank's President and CEO, James R. Gaunt, emphasized the bank's satisfaction with ChoiceCare/Humana's high-quality health care benefits and network.

Statistics:

  • Fifth Third Bank has assets of $28.3 billion and operates 469 Banking Centers, including 106 Bank Mart locations and 1,228 Jeanie Automated Teller Machines.
  • The bank's new health care benefits plan will be effective January 1, 1999.
  • ChoiceCare/Humana has been recognized with the Sachs Award three consecutive years, making it one of the most highly regarded managed care organizations in the country.
  • Humana Inc. has medical members totaling over 6.2 million, serving primarily in 16 states and Puerto Rico.

Sources:

  • PRNewswire, September 28, "Fifth Third Bank Chooses ChoiceCare/Humana for Health Care Benefits"
  • ChoiceCare/Humana website, http://www.humana.com
  • Humana Inc. website, http://www.humana.com
  • Nasdaq, FITB (Fifth Third Bank)

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