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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

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Paige Minemyer
September 9, 2021
FierceHealthcare
Conducting common surgical procedures in ambulatory surgical centers can lead to significant savings for patients and payers, according to a new analysis from UnitedHealth Group researchers.
Dave Muoio
September 1, 2021
FierceHealthcare
Carbon Health's expanding clinic footprint, Verily's first-ever purchase and more merger and acquisition news from the month of August.
Paige Minemyer
August 17, 2021
FierceHealthcare
Optum has quietly added multiple services to its online pharmacy, putting it in direct competition with trendy direct-to-consumer startups.
Paige Minemyer
July 15, 2021
FierceHealthcare
UnitedHealth Group reported $4.3 billion in profit for the second quarter of 2021, down from its massive haul in the prior-year quarter.
Cade Metz
June 30, 2021
www.nytimes.com
The problem of bias in artificial intelligence is facing increasing scrutiny from regulators and is a growing business for start-ups and tech stalwarts.
June 24, 2021
BioSpace
Boston Scientific Elects David S. Wichmann To Board Of Directors - read this article along with other careers information, tips and advice on BioSpace
Boston Scientific Corporation
June 24, 2021
www.prnewswire.com:443
/PRNewswire/ -- Boston Scientific Corporation (NYSE: BSX) announced today the election of David S. Wichmann to its board of directors, effective immediately....
Paige Minemyer
June 21, 2021
FierceHealthcare
UnitedHealth Group is aiming to address 600 million gaps in care for its members by 2025.
Dave Muoio
June 10, 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.
Paige Minemyer
June 8, 2021
FierceHealthcare
UnitedHealth Group has named a new chief diversity, equity and inclusion officer.
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.
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References

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