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UnitedHealth Group

UnitedHealth Group

UnitedHealth Group is a Minnetonka, Minnesota-based healthcare and health insurance provider.

UnitedHealth Group is a private health insurance provider in the United States, offering medical benefits to nearly 50 million members across its United States-based and international businesses. As a provider of employer-sponsored, self-directed, and government-backed insurance plans, UnitedHealth has scale in managed care. Along with its insurance assets, UnitedHealth's continued investments in its Optum franchises have created a healthcare services company that spans everything from medical and pharmaceutical benefits to providing outpatient care and analytics to both affiliated and third-party customers.

Originally founded in 1974 as Charter Med Incorporated, UnitedHealth Group reorganized in 1977 as United HealthCare Corporation. From there the company continued to reorganize its structure after acquiring competing healthcare providers, including PatientsLikeMe in June of 2019.

Divisions

Besides their insurance activities, UnitedHealth Group is sub-divided into two divisions. These divisions are UnitedHealthcare and Optum.

Optum

The Optum brand was created in 2011 as UnitedHealth Group's health services and technology-focused division. This has seen Optum further sub-divided into three separate sectors:

  • OptumRx - a mail-order pharmacy
  • OptumHealth - an operator of a health savings account
  • OptumInsight - a payment processor for healthcare providers
UnitedHealthcare

UnitedHealthcare is a provider of health benefits and programs. In FY 2018, UnitedHealthcare provided about 80 percent of UnitedHealth Group's revenue. UnitedHealthcare is further broken into four sub-divisions:

  • UnitedHealthcare Employer and Individual - provides health benefit plans and services for national employers
  • UnitedHealthcare Medicare and Retirement - provides health and well-being services to individuals age 65 and older
  • UnitedHealthcare Community and State - provides benefits for state programs that care for the economically disadvantaged, the medically underserved, and people without employer-funded health care coverage
  • UnitedHealthcare Global - provides medical benefits in over 130 countries, with the principle region including Brazil, Chile, Colombia, and Peru

Timeline

October 14, 2020
UnitedHealth Group reports $3.2 billion in profit.
2017
David Wichmann is named UnitedHealth's CEO after serving as the company's President.

People

Name
Role
LinkedIn

Kelly Webb

Employee

Mr Jack Sear

Employee

Further reading

Title
Author
Link
Type
Date

UnitedHealth sets guidance for 2021 that includes a $1.80-per-share hit from COVID-19 effects

Ciara Linnane

Web

December 1, 2020

What is UnitedHealth Group?

James Leggate

Web

July 20

Documentaries, videos and podcasts

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Date
Link

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Amanda Holpuch in New York
May 8, 2021
the Guardian
UnitedHealth Group, reported $4.9bn in profits in the first quarter of 2021 while CVS Health reported $2.2bn
Paige Minemyer
May 7, 2021
FierceHealthcare
Major national health insurers largely increased their financial outlook for the year in Q1, despite warning that plenty of uncertainty remains around the impacts of COVID-19.
Paige Minemyer
May 5, 2021
FierceHealthcare
UnitedHealth Group is donating $1 million to combat the growing COVID-19 outbreak crisis in India, building on $1.5 million sent previously to the country.
Shelby Livingston
April 29, 2021
Business Insider
The lines are blurring between companies that provide care and those that pay for it, as insurers vie for a bigger piece of the $3.8 trillion industry.
Dave Muoio
April 23, 2021
FierceHealthcare
New market reports from the ratings agency highlighted recent major deals and the broader market trends that will have healthcare organizations pulling out their checkbooks for months to come.
Shelby Livingston
April 22, 2021
Business Insider
Dr. Wyatt Decker, the CEO of UnitedHealth Group's OptumHealth unit, is betting on paying doctors to keep patients healthy and costs low.
Paige Minemyer
April 15, 2021
FierceHealthcare
UnitedHealth Group posted $4.9 billion in profit for the first quarter of 2021, up from $3.4 billion in the prior year quarter.
Tina Reed
April 8, 2021
FierceHealthcare
Welcome to this week's Chutes & Ladders, our roundup of hirings, firings and retirings throughout the industry. Please submit the good news--or the bad--from your shop, and we will feature it here at the end of each week.
Tina Reed
March 11, 2021
FierceHealthcare
Fierce Healthcare recently chatted with leaders around the industry about when they first realized the COVID-19 pandemic was going to change everything.
Paige Minemyer
March 12, 2021
FierceHealthcare
The research team at UHG has rolled out a slew of projects over the past year in response to the pandemic, ranging from studies on COVID therapies to home health to protective equipment.
Paige Minemyer
February 4, 2021
FierceHealthcare
UnitedHealth Group announced Thursday that CEO David Wichmann is set to retire and named Optum chief Andrew Witty as his successor.
National Kidney Foundation
January 27, 2021
www.prnewswire.com:443
/PRNewswire/ -- UnitedHealth Group has been selected to receive the 2021 Corporate Innovator Award from the National Kidney Foundation (NKF) as part of the...
Paige Minemyer
January 20, 2021
FierceHealthcare
UnitedHealth Group reported $2.2 billion in profit for the fourth quarter of 2020, bringing its full-year earnings to $15.4 billion.
Paige Minemyer
January 8, 2021
FierceHealthcare
Surgical Care Affiliates, a subsidiary of UnitedHealth Group, was indicted this week by a federal grand jury on charges that it entered agreements with competitors to not poach executives.
Emily Graffeo
January 6, 2021
Business Insider
UnitedHealth will pay $25.75 per share in cash for Change's shares outstanding, a 41.2% premium over the stock's Tuesday closing price.
By The Associated Press
January 6, 2021
AP NEWS
UnitedHealth Group will spend nearly $8 billion in cash to add a health care technology company to its growing Optum business. UnitedHealth said Wednesday that it will add Change Healthcare...
Heather Landi
January 6, 2021
FierceHealthcare
UnitedHealth Group's Optum unit has agreed to buy Change Healthcare for $7.84 billion in cash, the companies said on Wednesday. The acquisition will strengthen the insurer's portfolio of healthcare technology services and capabilities.
Paige Minemyer
December 4, 2020
FierceHealthcare
UnitedHealth Group and Eli Lilly are teaming up to further study the effects of the drugmaker's antibody therapy bamlanivimab in high-risk COVID-19 patients.
BioSpace
December 4, 2020
BioSpace
Eli Lilly and Company (NYSE: LLY) and UnitedHealth Group (NYSE: UNH) today announced a partnership to conduct a pragmatic study of bamlanivimab (LY-CoV555) in high-risk, COVID-19 infected individuals.
Eli Lilly and Company
December 4, 2020
www.prnewswire.com:443
/PRNewswire/ -- Eli Lilly and Company (NYSE: LLY) and UnitedHealth Group (NYSE: UNH) today announced a partnership to conduct a pragmatic study of bamlanivimab...
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References

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