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Feb. 2014: Optum purchases a majority stake in Audax Health Solutions, a patient engagement [clarification needed] company. Audax is later rebranded as Rally Health. April 2015: Optum acquires MedExpress, an urgent care and preventative services company. [9] July 2015: Catamaran, a pharmacy benefit manager, joins OptumRx. [3]
In September 2014, the office buildings where LHI is based were sold to UnitedHealth Group for $45 million. [ 35 ] [ 36 ] In February 2012, the company acquired XLHealth, a sponsor of Medicare Advantage health plans with a primary focus on medicare recipients with special needs such as those with chronic illness and those eligible for Medicaid ...
The Centers for Medicare & Medicaid Services (CMS) reported the following information on Medicare trends in Minnesota for the 2025 plan year: A total of 1,141,334 residents of Minnesota are ...
In office 2011–2017: CMS Innovation Center Director; In office 2013–2017: CMS Acting Administrator; In office 2017–2017: Succeeded by: Seema Verma: President and CEO of Blue Cross Blue Shield of North Carolina; In office 2017–2019: CEO of Care Solutions at Optum; In office 2020–2023: CEO of Optum Rx
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 Centers for Medicare & Medicaid Services (CMS) is a federal agency within the United States Department of Health and Human Services (HHS) that administers the Medicare program and works in partnership with state governments to administer Medicaid, the Children's Health Insurance Program (CHIP), and health insurance portability standards.
In 2013, the company also became an authorized Web Broker Entity through an agreement with The Centers for Medicare and Medicaid Services (CMS). [9] [10] They launched their "Employer Solutions" [11] offering targeted at Employer Groups and Brokers and expanded their call center in St. Petersburg, Florida, in 2013 as well.
What is Medicare. Medicare is a federal health insurance program designed for people aged 65+ and older, as well as younger individuals with certain disabilities or medical conditions.