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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]
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. The company is ranked 8th on the 2024 Fortune Global 500. [4] UnitedHealth Group had a market capitalization of $460.3 billion as of December 20, 2024.
[16] [17] Hayek had previously been president of a division of DaVita Healthcare Partners (now Optum) and had been president and chief operating officer of Alliance Healthcare Services. [3] In October 2013, the company issued an IPO. [18] In January 2021, the company was indicted by a federal grand jury on charges of labor market collusion.
CVS Health's Caremark, Cigna's Express Scripts and UnitedHealth Group's Optum control the majority of the U.S. pharmacy benefit market, with their parent companies also operating health insurance ...
A 2015 California Healthcare Foundation study found that the number of hospitals in an insurance network did not significantly affect the quality of care patients received. [33] A study in the journal Health Affairs indicated that while hospital networks sold on the marketplace are narrower than their commercial counterparts, geographic access ...
An analysis by the Washington Post last December of California hospice data found that the proportion of patients who were discharged alive from the health service rose by about 50 percent between 2002 and 2012. Profit per patient quintupled to $1,975 in California, the newspaper reported.
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 results of this study suggested that following a diet high in fast food, processed red meat, and soda but low in fruits and vegetables may speed up aging, even in young adults.