The company also is combining two offices in Cincinnati.
Sources had told Insider that the company was cutting staff.
Humana spokeswoman Kate Marx told Insider via email that the company was giving the 180 employees 60 days’ notice, a severance of two weeks’ pay for each year of service and job placement assistance.
“In some cases, these associates may be eligible for new roles within Humana,” she said. “In Kentucky, we currently have more than 700 open positions. Nationally, we have nearly 2,000 open positions.”
It’s at least the second major job reduction in the Humana at Home business this year. The insurer cut about 500 positions in that division, primarily in Florida and Ohio, shortly after reporting a $400 million first-quarter loss.
The unit identifies patients with significant and often multiple health conditions that are likely to require additional intervention, especially if not treated properly. The program pairs health professionals with patients to help them learn about and take advantage of their health benefits and to give them personalized guidance to reduce their risk for serious medical procedures. While the program improves patients’ health, it also boosts Humana’s profits and its ability to offer other services because it cuts health expenditures for the most costly patients.
Marx also said that in Cincinnati, the company is moving employees from its leased Eden Park Drive location to its Springdale office by the end of the year to provide “a more efficient and collaborative work environment.” That consolidation is occurring without job cuts, she said.
Some high-ranking Humana officials also have sold significant amounts of shares recently, with Chief Executive Bruce Broussard selling 12,000 shares valued at more than $3 million on Aug. 11.
Marx said the sales “are in the course of normal financial planning.”
The insurer’s share price had increased nearly 10 percent in the two months before Broussard’s sale. Shares have risen 9 percent in August. The S.&P. 500 has declined by about 0.5 percent in the last month.