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Optum was formed as a subsidiary of UnitedHealth Group in 2011 by merging UnitedHealth Group’s existing pharmacy and care delivery services into the single Optum brand, comprising three main businesses: OptumHealth, OptumInsight and OptumRx. [2] In 2017, Optum accounted for 44 percent of UnitedHealth Group's profits. [3]
Catamaran Corporation (formerly SXC Health Solutions) is the former name of a company that now operates within UnitedHealth Group's OptumRX division (since July 2015). It sells pharmacy benefit management and medical record keeping services to businesses in the United States [3] and to a broad client portfolio, including health plans and employers. [4]
[47] [49] [nt 1] The close relations between UnitedHealth, Audax Health and Rally Health follows a close personal relationship between Grant Vrestandig (Audax and Rally) and UnitedHealth's President and CFO at the time, David Wichmann. [50] In June 2019, UnitedHealth's Optum division acquired Davita Medical Group from DaVita Inc. for $4.3 billion.
As of 2023, PBMs managed pharmacy benefits for 275 million Americans and the three largest PBMs in the US, CVS Caremark, Cigna Express Scripts, and UnitedHealth Group’s Optum Rx, make up about 80% of the market share covering about 270 million people [4] [5] with a market of almost $600 billion in 2024. [6]
The Ohio-based drug distributor said it anticipates lower adjusted free cash flow in fiscal 2025 due to loss of the contracts and reiterated its fiscal 2024 adjusted profit forecast.
Nine members of Congress and U.S. Senator Elizabeth Warren expressed their concerns regarding the potential buyer of eight Massachusetts hospitals.
There’s an easy way to find out: conduct a reverse phone lookup — for free. But is there a truly free reverse phone lookup? Yes — there are plenty of sites that offer free reverse phone lookups.
SCA Health (SCA), based in Birmingham, Alabama, is an operator of outpatient surgery facilities with a network of over 300 ambulatory surgery centers (ASCs) in 35 states performing more than 1 million outpatient surgery procedures a year.