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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

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