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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]
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Selling insurance products under UnitedHealthcare, and health care services under the Optum brand, it is the world's ninth-largest company by revenue and the largest health care company by revenue. It is based on a market based health insurance system as opposed to universal health care. The company is ranked 8th on the 2024 Fortune Global 500. [4]
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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]
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In 2011, Monarch HealthCare was acquired by Optum, UnitedHealth’s health services division. [20] In February 2013, SCA entered into a joint venture partnership with Memorial Care Medical Foundation and Monarch HealthCare to optimize surgery in Southern California; the partnership now has 9 ASCs. [21]
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