UnitedHealthcare is an insurance and managed care company with several divisions.
Divisions:
- UnitedHealthcare Employer and Individual: This division provides health benefit plans and services for large national employers. Whether it’s group health insurance or individual coverage, they offer a range of options to meet different needs.
- UnitedHealthcare Medicare and Retirement: Focused on individuals aged 65 and older, this division provides health and well-being services. It supports seniors with Medicare plans and other retirement-related health needs.
- Health Insurance Plans: UnitedHealthcare offers a variety of health insurance plans, including:
- Medicare: Plans for seniors and people with disabilities.
- Medicaid: Coverage for low-income individuals and families.
- Individual and Family Plans: Tailored options for personal health coverage.
- Short-Term Plans: Temporary coverage for specific needs.
- Dental Plans: Dental insurance options.
- Employer Plans: Health benefit plans for employees of large companies.
- If you’re a member, you can access personalized benefits, find providers, pharmacies, dentists, and vision providers through their online portal at myUHC.com. UnitedHealthcare aims to provide comprehensive health solutions to a diverse range of individuals and employers.
Subsidiaries of UnitedHealth Group:
- UnitedHealthcare:
- UnitedHealthcare provides health benefit plans and services for large national employers. They offer insurance products to both groups and individuals. Their focus includes Medicare plans and other retirement-related health needs for seniors.
- It’s worth noting that UnitedHealthcare is just one part of the broader UnitedHealth Group.
- Optum:
- Optum, another division of UnitedHealth Group, is dedicated to health care services and care delivery aided by technology and data.
- Optum collaborates with governments, employers, partners, and providers to build a modern, high-performing health system.
- In summary, UnitedHealth Group operates through these complementary businesses: UnitedHealthcare (insurance products) and Optum (health care services). Together, they contribute to creating a more efficient and effective health care ecosystem.
Financials:
- In 2022, UnitedHealthcare achieved impressive results:
- Full-year revenues reached $249.7 billion, reflecting a 12% year-over-year growth. This growth was driven by an increase in the number of people served.
- Full-year operating earnings amounted to $14.4 billion, compared to $12.0 billion in the previous year.
- This growth can be attributed to both an expanded customer base and effective management of medical and operating costs.
- Looking ahead, UnitedHealth Group has affirmed its 2023 growth and performance objectives:
- Revenues: Expected to be in the range of $357 billion to $360 billion.
- Net Earnings: Anticipated to be between $23.15 and $23.65 per share.
- Adjusted Net Earnings: Estimated to fall within $24.40 to $24.90 per share.
- Cash Flows from Operations: Projected to be in the range of $27 billion to $28 billion.
- These figures highlight UnitedHealthcare’s robust financial position and commitment to providing quality health care services.
Leadership:
- Brian Thompson:
- Chief Executive Officer, UnitedHealthcare
- Brian Thompson has been the CEO of UnitedHealthcare since April 2021. Before this role, he served as the CEO of UnitedHealthcare’s government programs, including Medicare & Retirement (the largest business dedicated to seniors’ health and well-being) and Community & State (which serves 6 million Medicaid members in 31 states and Washington D.C.). Brian joined UnitedHealth Group in 2004 and has held various leadership positions within the organization.
- Dr. Anne Docimo:
- Chief Medical Officer, UnitedHealthcare
- Dr. Anne Docimo oversees the clinical, cost, and experience outcomes of more than 50 million members in UnitedHealthcare’s Commercial, Medicare, and Medicaid health plans. With over 20 years of experience in the evolving health care marketplace, Dr. Docimo has worked as a practicing clinician in primary care and emergency medicine. She has also held leadership roles in various health care settings. Prior to joining UnitedHealthcare, she served as the executive vice president of Population Health and chief clinical transformation officer for Jefferson Health in Philadelphia.