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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. The company is ranked 8th on the 2024 Fortune Global 500 . [ 4 ]
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In 2013, it was chosen by the Department of Health and Human Services [2] as one of the contractors to oversee repair the Obama Administration's website of Healthcare Marketplaces. [3] QSSI was founded in 1997 by Tony Singh and is based in Columbia, Maryland. [4] It was acquired by the UnitedHealth Group in 2012. [5]
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]
Nine members of Congress and U.S. Senator Elizabeth Warren expressed their concerns regarding the potential buyer of eight Massachusetts hospitals.
[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.
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