Traders Recap: Humana Inc (NYSE:HUM), Umpqua Holdings Corp (NASDAQ:UMPQ)

On Friday, Shares of Humana Inc (NYSE:HUM), added 0.16% and closed at $193.19 in the last trading session. The last trading range of the stock ranges between $192.00 and $196.45. To better meet members’ needs and expand access to care, Humana Inc. (HUM), a leading health and well-being company, is teaming up with MDLIVE, a leading telemedicine services and software provider, to provide Humana Medicare beneficiaries virtual access to doctors in select counties in Georgia and South Carolina.

Humana is counting the telemedicine benefit on certain Medicare Advantage plans offered for the 2017 plan year. Members who choose plans with this benefit can access doctors through personal computers, telephone or mobile devices for a wide range of non-emergency medical conditions, such as cold and flu, headaches and skin infections, with an applicable co-pay for each visit.

Telemedicine can be beneficial for people who might need to see a doctor outside of their primary care physicians’ office hours, such as on the weekend or evenings, or when they are traveling. It can also be beneficial for those who may not have access to transportation or become unable to drive when ill. MDLIVE’s network of board-certified physicians consistently achieves high patient satisfaction scores. Telemedicine should not be used for emergency situations or chronic conditions, such as diabetes or heart disease, and does not replace an in-person visit with a primary care physician or other provider. Limitations on healthcare and prescription services delivered via telemedicine vary by state.

Umpqua Holdings Corp (NASDAQ:UMPQ), jumped 3.79% and closed at $17.52 in the last trading session. The last trading range of the stock ranges between $16.51 and $17.56. The company’s Market capitalization is $4.00 Billion with the total Outstanding Shares of 220.21 million. Umpqua Holdings Corporation, through its auxiliaries, engages in the commercial and retail banking, and retail brokerage businesses. It operates through Community Banking and Home Lending segments. The Community Banking segment provides loan and deposit products to business and retail customers. The Home Lending segment originates, sells, and services residential mortgage loans. It also offers various deposit products, such as non-interest bearing checking accounts, interest bearing checking and savings accounts, money market accounts, and certificates of deposit; financial planning, trust, and investments services to high net worth individuals; and retail brokerage and investment advisory services. The company’s loan products include loans for business and commercial customers, counting accounts receivable and inventory financing, multi-family loans, equipment loans, commercial equipment leases, international trade, real estate construction loans, permanent financing, small business administration program financing, and capital markets and treasury administration services; loan products for small businesses; commercial and industrial loans; residential real estate loans for the construction, purchase, and refinancing of residential owner-occupied and rental properties; and consumer loans, such as secured and unsecured personal loans, home equity and personal lines of credit, and motor vehicle loans. In addition, it provides technology-based services, counting remote deposit capture, online banking, bill pay and treasury, mobile banking, voice response banking, automatic payroll deposit programs, ATMs, product kiosks, and Website.

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