Amount could represent one of largest single
donations in UofL history
Humana Inc. (NYSE: HUM), The Humana Foundation and the
University of Louisville today announced a new cooperative
agreement and additional financial investment in the university’s
Health Equity Innovation Hub to advance health equity and improve
health outcomes for marginalized populations in Louisville and
communities around the world.
The Hub is funded by a potential total investment of $25
million, including $10 million from UofL, $1.5 million from Humana
and up to $13.5 million from The Humana Foundation. The investment
by The Humana Foundation represents one of the largest single
donations in UofL’s history and is contingent upon progress against
the collaboration’s objectives and achievement of established
milestones.
The Health Equity Innovation Hub is an integrated,
multi-disciplinary collaboration among Humana, The Humana
Foundation and UofL. The Hub will focus on groundbreaking research,
talent development, entrepreneurship and innovation, with a
deliberate focus on health equity, social determinants of health
and digital health and analytics.
“Humana is committed to improving health equity and we will be
intentional about addressing the underlying societal and structural
factors that impede good and fair health, especially for people in
communities that have been historically marginalized and made
vulnerable,” said Dr. Nwando Olayiwola, Chief Health Equity Officer
& Senior Vice President at Humana. “This unique collaboration
with the University of Louisville and The Humana Foundation to
create the Health Equity Innovation Hub is an exciting opportunity
for Humana to partner with a leading research institution in our
founding city where so many health disparities exist. We will
establish shared goals and drive positive change beginning in local
communities.”
Enabled by Humana and The Humana Foundation’s investment and
support, the Hub will seek to develop solutions for health
inequities in Louisville and globally. This includes the
up-skilling and re-skilling of community members who have been
underserved to provide a talent pipeline for Louisville’s
significant concentration of major health care companies, thereby
creating a pathway for family-sustaining jobs. The Hub will also
conduct dedicated outcomes-based research on population and social
health issues to derive a wide range of insights on how to mitigate
health inequities and the adverse impacts of health-related social
needs. In addition, the Hub will support diverse creators,
innovators and entrepreneurs whose ideas can positively impact
populations around the world that have historically been
marginalized and underserved.
“UofL is a research powerhouse dedicated to making a positive
impact on our world and addressing the challenges affecting the
human condition,” said UofL Interim President Lori Gonzalez. “We
are proud to work with Humana and The Humana Foundation to further
health equity for all through this new Hub. Together, we can have a
tangible impact that benefits our shared community and far, far
beyond."
UofL is among the top U.S. research institutions, holding the
Carnegie Classification of Institutions of Higher Education’s
“Research 1” designation for doctoral universities with very high
research activity. In addition to being a Research 1 institution,
UofL also holds the Carnegie community-engaged designation, which
recognizes institutions that work with community partners to
exchange knowledge and resources for public benefit. UofL is one of
just 79 U.S. institutions to hold both designations.
At UofL, the Hub is led by Dr. Monica Wendel, a renowned public
health researcher with significant expertise in health equity. A
national search is currently underway to fill the role of Executive
Director. The Hub’s leadership team also includes Deputy Director
Ben Reno-Weber, a seasoned tech entrepreneur who previously led the
Microsoft Future of Work Initiative; Director of Community
Engagement Ivory Rollins Cross, a Louisville native and community
champion; and Director of Innovation and Social Entrepreneurship
Natalia Bishop, who founded prominent Louisville co-working brand,
Story Louisville.
The Hub also will create and collaborate with advisory boards,
including national thought leaders, community organizations and
local community residents who are passionate about improving social
and health equity in their neighborhoods, as well as local business
leaders and mentors from a diverse cross-section of the health
equity ecosystem.
The launch of the Hub will further UofL’s three Grand Challenge
strategic research priorities identified and launched in 2020,
which include: Empowering our Communities, Advancing our Health and
Engineering our Future Economy. The investment from Humana will
advance the first challenge, Empowering our Communities, with a
focus on promoting equity by engaging partners and strategically
integrating research, innovation and training to address complex
social and structural issues driving health inequity.
“These are huge challenges that will impact our world for years
to come,” said Executive Vice President for Research and Innovation
Kevin Gardner. “Through this Hub and work with our partners at
Humana and the Humana Foundation, UofL research and innovation will
help empower those in our community — promoting equity, eliminating
disparities and strengthening the ability of all individuals to
achieve well-being and prosperity.”
The Hub’s mission also is well-aligned with Humana’s Bold Goal
of advancing the health of the communities it serves by addressing
social determinants of health and the health-related social needs
for its members and communities.
About the Health Equity Innovation Hub
The mission of the Health Equity Innovation Hub at UofL is to
advance social and health equity for structurally marginalized
populations through research, entrepreneurship, innovation, talent
development and community engagement, with specific objectives
established to:
- Connect university and community resources with the
entrepreneurial ecosystem in Louisville (including community,
university, and corporate sectors) to grow and scale effective
solutions to complex health equity issues.
- Build a regional talent pipeline through upskilling and
reskilling digital and analytics competencies to create
family-sustaining careers for community members.
- Attract and support diverse faculty across disciplines in
targeted, community-focused research to advance scalable social and
health equity solutions and drive the field of health equity
forward.
About The Humana Foundation
The Humana Foundation was established in 1981 as the
philanthropic arm of Humana Inc., one of the nation’s leading
health and well-being companies. Located in Louisville, Ky., the
Foundation seeks to co-create communities where leadership,
culture, and systems work to improve and sustain positive health
outcomes. For more information, visit humanafoundation.org.
Humana and The Humana Foundation are dedicated to Corporate
Social Responsibility. Our goal is to ensure that every business
decision we make reflects our commitment to improving the health
and well-being of our members, our employees, the communities we
serve, and our planet.
About Humana
Humana Inc. is committed to helping our millions of medical and
specialty members achieve their best health. Our successful history
in care delivery and health plan administration is helping us
create a new kind of integrated care with the power to improve
health and well-being and lower costs. Our efforts are leading to a
better quality of life for people with Medicare, families,
individuals, military service personnel, and communities at
large.
To accomplish that, we support physicians and other health care
professionals as they work to deliver the right care in the right
place for their patients, our members. Our range of clinical
capabilities, resources and tools – such as in-home care,
behavioral health, pharmacy services, data analytics and wellness
solutions – combine to produce a simplified experience that makes
health care easier to navigate and more effective.
More information regarding Humana is available to investors via
the Investor Relations page of the company’s web site at
www.humana.com, including copies of:
- Annual reports to stockholders
- Securities and Exchange Commission filings
- Most recent investor conference presentations
- Quarterly earnings news releases and conference calls
- Calendar of events
- Corporate Governance information
About the University of Louisville
Founded in 1798, the University of Louisville is a public
research university located in Kentucky's largest metropolitan
area. The university serves more than 22,000 students each year
through undergraduate, graduate and professional programs in 12
colleges and schools. The university has been recognized and
honored for efforts in research, community engagement initiatives
and commitment to diversity. UofL is accredited by the Southern
Association of Colleges and Schools Commission on Colleges and is a
member of the Atlantic Coast Conference for both academics and
athletics. Learn more at louisville.edu.
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version on businesswire.com: https://www.businesswire.com/news/home/20220216005433/en/
University of Louisville: John Karman, 502-852-1108,
john.karman@louisville.edu Humana Corporate Communications: Mark
Taylor, 317-753-0345, mtaylor108@humana.com
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