Skip to main content

5.UnitedHealth Group


 UnitedHealth Group 
UnitedHealth Group Incorporated
UnitedHealth Group logo.svg
Industry
Managed health care
Founded
1977; 41 years ago
Founder
Richard T. Burke
Headquarters
Minnetonka, Minnesota, U.S.
Key people
Richard T. Burke (Chairman)
Dave Wichmann (CEO)
Products
Uniprise, Health CareServices, Specialized Care Services, and Ingenix
Revenue
 US$201.1 billion (2017)
Operating income
 US$15.20 billion (2017)
Net income
 US$10.82 billion (2017)
Total assets
 US$139.0 billion (2017)
Total equity
 US$49.83 billion (2017)
Number of employees
270,000 (2018)

UnitedHealth Group Inc. is an American for-profit managed health care company based in Minnetonka, Minnesota. It is 5th in the United States on the Fortune 500. UnitedHealth Group offers health care products and insurance services. UnitedHealth Group is the largest healthcare company in the world by revenue with $201 billion in 2017. UnitedHealth Group subsidiary companies together serves approximately 115 million individuals in 2016

Image result for UnitedHealth Group Inc.
Organizational Structure

Beginning in 2011 and continuing into 2012, UnitedHealth Group implemented an enterprise reorganization. This coincided with retiring brands adopted following the various acquisitions of previous years and adopting the unified brand UnitedHealthcare. The firm decided to refocus its UK business solely on commissioning support under the name of Optum, and exploit the opportunities presented by the United Kingdom Government's NHS reforms in 2011. Towards this end, it sold its six primary care clinics.
Health and government
In 2010, UnitedHealth Group spent more than $1.8 million on lobbying activities to work to achieve favorable legislation, and hired seven different lobbying firms to work on its behalf. In addition, its corporate political action committee or PAC, called United for Health, spent an additional $1 million on lobbying activities in 2010.
QSSI, a subsidiary of UnitedHealth Group, is one of the 55 contractors hired by United States Department of Health and Human Services to work on the HealthCare.gov web site

Health Care reform

Through 2010 and into 2011, UnitedHealth senior executives have been meeting monthly with executives of leading health insurers to limit the effect of the health care reform law.
In April 2016, UnitedHealth announced it was pulling out of all but a "handful" of state healthcare exchanges provided under ACA and will continue to sell only in three states in 2017.

$ millions
% change
Revenues ($M)
$201,159
8.8%
Profits ($M)
$10,558.0
50.5%
Assets ($M)
$139,058
Total Stockholder Equity ($M)
$47,776
Market Value — as of March 29, 2018 ($M)
$207,080

UnitedHealth Group has two foundations, the United Health Foundation and UnitedHealthcare Children’s Foundation which were formed in 1999. Since established by UnitedHealth Group in 1999 as a not for profit private foundation, the United Health Foundation has committed more than $170 million to improve health and health care.

Optum
Optum includes five divisions:
  • OptumInsight - Health Data Analytics, Payment Integrity, Life Science, Risk Quality & Network Solutions, Medical Billing
  • OptumRx - Pharmacy Benefit Manager (now includes all Unitedhealthcare membership) and Catamaran acquisition
  • OptumHealth - Healthcare delivery services and support including Consumer Solution Group and OptumCare (Behavioral Health and Substance Abuse, Dental, Vision, Transplant Management, and other ancillary services)
  • Optum Technology
  • Optum Operations

ProThemes Add On Membership - VideoMakerFX :- https://jvz4.com/c/1171031/101421

SST Social Media Boot Camp :- https://jvz8.com/c/1171031/309578

Comments

Post a Comment

Popular posts from this blog

Difference Between A Startup & A Business

What Is The Difference Between A Startup & A Business? When I hear the word startup the image of some youngsters working in a cool environment for 5 days of the week and hanging with venture capitalists in restaurants and clubs for meetings comes to my mind. And when the same mind hears the word business, it converts the image to someone working hard to earn profits right from the very first day of starting an entity. While this imagination can be entirely wrong, we have tried to put some light on the difference between these two frequently used words.   1. Business Models The business model of a startup is mainly based on solving a problem and while opening a business maximum consideration is given to profit. Take for an example, someone looking to start a clothing related business, he/she will target the audience by setting a shop or a showroom on the main road where the gathering is maximum. The main purpose of this business will b...
1 comment
Read more

10.General Motors

General Motors (GM) General Motors Company ,commonly referred to as  General Motors  ( GM ), is an American multinational corporationheadquartered in Detroit that designs, manufactures, markets, and distributes vehicles and vehicle parts, and sells financial services, with global headquarters in Detroit's Renaissance Center. It was originally founded by William C. Durant on September 16, 1908 as a holding company. The company is the largest American automobile manufacturer, and one of the world's largest. As of 2018, General Motors is ranked #10 on the Fortune 500 rankings of the largest United States corporations by total revenue. General Motors manufactures vehicles in 37 countries; its core automobile brands include Chevrolet, Buick, GMC, and Cadillac. It also owns or holds controlling interest in foreign brands such as Holden, Wuling, Baojun, and Jiefang.Annual worldwide s...
1 comment
Read more
FIFA World Cup AliExpress.com Product - 2017 New A+++ Premier soccer ball league football Anti-slip granules ball Slip-Resistant Standard Size Durable Soft Soccer balls The  FIFA World Cup , often simply called the  World Cup , is an international association football competition contested by the senior men's national teams of the members of the  Fédération Internationale de Football Association  (FIFA), the sport's global governing body. The championship has been awarded every four years since the inaugural tournament in 1930, except in 1942 and 1946 when it was not held because of the Second World War. The current champion is Germany, which won its fourth title at the 2014 tournament in Brazil. The 2014 FIFA World Cup opening ceremony Tournaments The current format of the competition involves a qualification phase, which currently takes place over the preceding three years...
Post a Comment
Read more