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
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...
Paige Minemyer
December 1, 2020
FierceHealthcare
At its investor conference on Tuesday, UnitedHealth Group offered an update on its 2020 guidance and provided the first look at its outlook in 2021.
The Associated Press
November 24, 2020
CTVNews
Wall Street busted through its latest milestone Tuesday, when the Dow Jones Industrial Average topped 30,000 for the first time.
Paige Minemyer
November 13, 2020
FierceHealthcare
Major national health insurers continued to largely turn a significant profit in the third quarter, though numbers didn't quite reach the sky-high figures reported in the first half of the year.
Shelby Livingston
November 10, 2020
Business Insider
Patients are seeing doctors and getting surgeries again, even as COVID-19 cases rise. That could be bad news for health insurers
Rosalie Chan and Alex Nicoll
November 8, 2020
Business Insider
Here's how much developers, data scientists, and product managers make at companies like Amazon, Apple, AT&T, CVS, Walmart, and more.
Shelby Livingston
November 5, 2020
Business Insider
By expanding its HealthHub strategy and making acquisitions in primary care and telehealth, CVS could become a major provider of healthcare.
Heather Landi
October 21, 2020
FierceHealthcare
A company that got its start building a new kind of "on-demand" health plan has scored a $105 million series B funding round. Bind's approach to health insurance innovation has attracted big investors including Ascension Ventures and UnitedHealth. Here is how Bind is shaking up the health plan market.
Paige Minemyer
October 14, 2020
FierceHealthcare
UnitedHealth Group kicked off third quarter earnings for major health plans on Wednesday, reporting $3.2 billion in profit.
Heather Landi
October 8, 2020
FierceHealthcare
Amwell's stock climbed 38% Wednesday just three weeks after raising an outsized initial public offering of $742 million. Investor interest in Amwell was fueled by speculation that insurer UnitedHealth may buy the telehealth giant, Business Insider reported. Here's why analysts think the insurer is eyeing the telehealth giant.
Heather Landi
September 30, 2020
FierceHealthcare
UnitedHealth Group is jumping into the online pharmacy space with the acquisition of startup DivvyDose, according to a media report. Many health plans and large retailers are snapping up online pharmacy startups that help patients with chronic illnesses keep track of the medicines they take.
Paige Minemyer
September 25, 2020
FierceHealthcare
United Health Group has released what it believes is the "path forward" for the healthcare industry as it charts a course for broad reform.
Robert King
September 10, 2020
FierceHealthcare
COVID-19 is causing more providers to take a look at making the switch to value-based care as their fee-for-service volumes plummet, key executives say.
Paige Minemyer
August 7, 2020
FierceHealthcare
We take a look back at health insurers' financial performance, including soaring profits, in Q2.
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References

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