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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]
2016: Atrius' subsidiary, VNA Care Network Foundation, rebranded as VNA Care, and will include VNA Care Network & Hospice, VNA of Boston, and VNA Hospice Care. [31] 2022: Atrius Health is acquired by Optum, at which point it lost its not-for-profit status and its charitable assets were transferred to the Atrius Health Equity Foundation. [4] [6]
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.
So Optum — whose parent company, UnitedHealth Group, earned $22 billion in net profits last year — is “heavily investing” in its plan to save millions by limiting access to such care.
Financially embattled hospital operator Steward Health Care has struck a deal to sell its nationwide physician network to Optum, a subsidiary of UnitedHealth Group, as it works to stabilize its ...
In 2015, Advocate Health Care and SCA entered a joint venture to acquire and develop a surgery center network. Advocate Health Care was the largest fully integrated healthcare delivery system in the state of Illinois; the partnership currently has a total portfolio of 15 surgery centers, with more in development. [22]
The 400,000-square-foot (37,000 m 2) Main Campus building provides primary and specialty care in a single location, an outpatient surgery center, and an urgent care center. In 2020, Kelsey-Seybold Clinic, Main Campus at 2727 W. Holcombe Avenue, Houston
Burke founded UnitedHealth Group and played a significant role in the development of the HMO and Physicians Health Plan (PHP) while he worked at InterStudy, a think tank focused on health care with Dr. Paul M. Ellwood Jr. [2] [3] [4] Burke took the view that healthcare should be economized and hospital admissions should be limited, sometimes at the protest of doctors.