Pending regulatory approval, hospital operator Steward Healthcare has sold its nationwide physician network to UnitedHealth Group subsidiary Optum.
Optum already owns Surgical Consultants of America (SCA Health) and is the largest employer of physicians in the country, according to Becker's. Dallas-based Steward Health Care's...National News
Sources familiar with the DOJ interviews have reported to the Wall Street Journal that investigators are asking healthcare representatives in sectors where the insurer competes about the the relationship between UnitedHealthcare insurance unit and its Optum Health Services arm.
UnitedHealth revenue soared to $372 billion last year and...
Last week, UnitedHealth Group's (UHG) health care technology subsidiary Change Healthcare was hit by a cyberattack that disrupted services for pharmacies and patients.
UHG said that once the attack was detected, Change was forced to disconnect some of its digital network from client access and shut down services including programs...
Second quarter, 2023 year-over-year financials were anything but grim for America's top for-profit insurers. Thanks to UnitedHealthcare and Optum, brand giant UnitedHealth Group reported quarterly revenues of $92 billion up 16%. And, as it faces increased MA costs, CVS Health posted revenues of $88.9 billion in the second quarter up...
Last week, home health company Amedisys announced that it would be purchased by UnitedHealth Group subsidiary Optum for $3.6 billion. Meanwhile, Bright Health is cashing out by selling its remaining Medicare Advantage plans to managed care company Molina Health.
Optum's diversified offerings like data analytics through Optum Insight...News
The Amedisys deal is the second home health acquisition for Optum following last year's $5.4 billion purchase of LHC Group, also a home health business. Optum is a profit driver for UnitedHealth Group with Q1 2023 revenue of $54.1 billion, a 25% gain over last year.
The agreement calls for the acquisition of Amedisys’s outstanding...National News
Medicare Advantage's unprecedented market growth is attributable in part to the high volume of dually eligible beneficiaries in special needs plans (D-SNPs), but some plans are concerned that the proposed advanced notice will hurt vulnerable beneficiaries enrolled in these plans.
According to data released by the Centers for Medicare...Arizona News
In March 2022, a U.S. Food and Drug Administration (FDA) investigator inspected the facility that compounds drugs and found drugs intended or expected to be sterile were prepared, packed, or held under insanitary conditions, whereby they may have become contaminated.
The FDA said that because of the deficiencies found in the...National News
As the national mental health crisis worsens, in part due the COVID-19 pandemic for patients and healthcare workers alike, behavioral healthcare integration is at the top of industry priorities. This week, health care payers of all stripes are innovating solutions to covering costs.
The Medicare Payment Advisory Commission (MedPAC)...National News
The U.S. Department of Justice has lost a case that would have blocked UnitedHealth Group (UHG) from acquiring Change Healthcare, a healthcare technology and data platform, for $13 billion.
Judge Carl Nichols of the U.S. District Court for the District of Columbia issued the opinion on Monday, which ordered Change Healthcare to sell...National News
The acquisition of LHC, a national provider of in-home healthcare services, is predicted to help leverage Optum's ability to advance value-based healthcare in patients' homes. Game on Humana.
Dr. Wyatt Decker, CEO, Optum Health,
LHC Group’s sophisticated care coordination capabilities and its warm, human touch is so important...National News
Optum, a subsidiary of UnitedHealth Group, has spent the last several years building out a provider network and expanding into ambulatory surgical centers. As the company moves to expand into primary care, it faces two major legal hurdles: a challenge from the U.S. Department of Justice (DOJ) to acquire a data analytics firm and a class...News
As a light emerges at the other end of the pandemic and the stock market surges, insurers and other healthcare companies are looking to a bright future and engaging in a frenzy of capitalistic activity.
According to Home Health Care News, Optum—a part of UnitedHealth—this week reportedly purchased Landmark Health, an in-home...National News
The nation's mega insurer serves about 1.6 million in Arizona and beat street projections when it announced April 15 net earnings of $3.72 per share in the first quarter of the year.
During the Q1 2020 earnings call, Executive VP and CFO of UnitedHealth Group John Rex provided insight,
Given the timing of the COVID-19 outbreak...Arizona News
OptumCare Arizona has opened another community center geared toward older adults aged 55 and over in Central Phoenix, near 12th St. and Glendale Ave.
The facility will have a fitness center and offer a variety of classes, including Tai Chi, Pilates, knitting, line dancing, zumba, quilting and other arts and crafts, as well as...National News
The U.S. healthcare system's utilization of a common commercial software platform, crucial in informing treatment decisions for millions of patients has a major flaw--racial bias.
An algorithm, widely used as guidance for the care of millions, is found to use health costs as a proxy for health needs, according to a research study...National News
Dirk McMahon, president and COO of UHC's health services subsidiary Optum, succeeds the retiring Steve Nelson as CEO of UnitedHealthcare while Daniel Schumacher, president and COO of UHC will move into McMahon's former leadership role at Optum.
Cross training took on a whole new meaning as UnitedHealthcare makes its move to develop...National News
The healthcare giant which operates UnitedHealthcare and Optum thinks 2019 will be even better, projecting annual revenues of more than $240 billion.
UnitedHealthGroup's Q4 earning report was released Jan. 15 and showed a 12 percent year-over-year growth in revenue, not a surprise it grew by 2.4 million lives and continues its reign...Arizona Comings & Goings
Damon Young is now VP of sales for Population Health Solutions at Optum. Young was formerly VP business development, southwest at DaVita Medical Group.
Blockchain technology seeks to improve the quality of data and reduce the administrative costs associated with insurers getting up-to-date healthcare provider demographic data.
Insurers are mandated to get accurate information that is passed on to beneficiaries. The Centers for Medicare and Medicaid Services fines insurers if they do...