United HealthGroup

UnitedHealth Group Inc.

Type	Public
Traded as	: UNH DJIA component S&P 100 component S&P 500 component
Industry	Managed health care
Founded	1977; 40 years ago (1977)
Founder	Richard T. Burke
Headquarters	Minnetonka, Minnesota, U.S.
Key people	Richard T. Burke (Chairman) Stephen J. Hemsley (CEO)
Products	Uniprise, Health Care Services, Specialized Care Services, and Ingenix
Revenue	US$184.8 billion (2016)
Operating income	US$12.93 billion (2016)
Net income	US$7.01 billion (2016)
Total assets	US$122.8 billion (2016)
Total equity	US$38.27 billion (2016)
Number of employees	230,000 (2016)
Website	www.unitedhealthgroup.com

Health care in the United States
Government Health Programs
Federal Employees Health Benefits Program Indian Health Service Medicaid / State Health Insurance Assistance Program (SHIP) Medicare Prescription Assistance (SPAP) Military Health System / TRICARE State Children's Health Insurance Program (CHIP) Program of All-Inclusive Care for the Elderly (PACE) Veterans Health Administration
Private health coverage
Consumer-driven health care Flexible spending account (FSA) Health Reimbursement Account Health savings account (HSA) High-deductible health plan (HDHP) Medical savings account (MSA) Private Fee-For-Service (PFFS) Health insurance in the United States Managed care (CCP) Exclusive provider organization (EPO) Health maintenance organization (HMO) Preferred provider organization (PPO) Medical underwriting
Health care reform law
Emergency Medical Treatment and Active Labor Act (1986) Health Insurance Portability and Accountability Act (1996) Medicare Prescription Drug, Improvement, and Modernization Act (2003) Patient Safety and Quality Improvement Act (2005) Health Information Technology for Economic and Clinical Health Act (2009) Patient Protection and Affordable Care Act (2010)
State level reform
Dirigo Health (Maine) Massachusetts health care reform Oregon Health Plan SustiNet (Connecticut) Vermont health care reform
Municipal health coverage
Fair Share Health Care Act (Maryland) Healthy Howard (Howard Co., Maryland) Healthy San Francisco Healthy Way LA My Health LA
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UnitedHealth Group Inc. is an American managed health care company based in Minnetonka, Minnesota. It is 6th in the United States on the Fortune 500. UnitedHealth Group offers products and services through two operating businesses, UnitedHealthcare and Optum, both subsidiaries of UnitedHealth Group. Optum is a healthcare service arm of UnitedHealth Group and the largest healthcare IT company in the world by revenue ($84 billion in 2016). Together, Optum and Unitedhealthcare serve approximately 115 million individuals in 2016. In 2016, the company reported an operating income of $13 billion.

In 2011, J.D. Power and Associates gave UnitedHealthcare the highest employer satisfaction rating for self-insured health plans. In a 2010 insurance industry publication, Business Insurance (magazine), UnitedHealthcare was named "Readers Choice" winner in 2010 for "Best health plan provider". In 2016, Optum was named "North America Company of the Year for Population Health Management" by Frost & Sullivan

Beginning in 2011 and continuing into 2012 UnitedHealth Group implemented an enterprise reorganization. This coincided with retiring brands adopted following the various acquisitions of prior years and adopting the unified brand of UnitedHealthcare. The firm decided to refocus its UK business to concentrate solely on commissioning support under the name of Optum, and exploit the opportunities presented by the United Kingdom Government's NHS reforms in 2011 and sold its 6 primary care practices.

Optum include three divisions:

In addition, there are two shared service functions under Optum: Optum Technology and Optum Operations.

UnitedHealthcare include four divisions:

In 1974, Richard Tyagi Burke founded Charter Med Incorporated, a Minnetonka, Minnesota-based privately held company. In 1977, UnitedHealthCare Corporation was created to reorganize the company and become the parent company of Charter Med. UnitedHealthCare’s charter was to manage the newly created Physicians Health Plan of Minnesota, an early health management organization.

In 1994, UnitedHealth sold its pharmacy benefit manager, Diversified Pharmaceutical Services, to SmithKline Beecham for $2.3 billion. Also in 1994, UnitedHealth acquired Ramsey-HMO, a Florida insurer.

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Wikipedia