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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] UnitedHealth Group had a market capitalization of $460.3 billion as of December 20, 2024.
In 2011, eligibility expanded to include employees of the Department of State and the U.S. Agency for International Development and the network provider changed to UnitedHealthcare (UHC), which is one of the largest network providers and facilities in the FEHB market. [4]
Golden Rule Insurance Company was a provider of health insurance based in Indianapolis with operations in 40 U.S. states and the District of Columbia. It was acquired by UnitedHealth Group in November 2003. [1] [2] [3] It was closely involved in the establishment of health savings accounts (HSA) and the related tax incentives. [4]
Optum serves employers, government agencies, health plans, life science companies, care providers and individuals and families offering products in data and analytics, pharmacy care services, health care operations and delivery, population health management and advisory services. [7]
The operator then pays for their medical expenses. Traditional Medicare directly compensates providers on a fee-for-service basis. [1] Plans are offered by integrated health delivery systems, labor unions, non profit charities, and health insurance companies, which may limit enrollment to specific groups of people (such as union members).
The terms "open panel" and "closed panel" are sometimes used to describe which health care providers in a community have the opportunity to participate in a plan. In a "closed panel" HMO, the network providers are either HMO employees (staff model) or members of large group practices with which the HMO has a contract.
The company also acquired Freedom Plan, California Dental Health Plan, and Advantage Health Plans. [5] In 1996, it acquired FHP. [6] In December 2005, the company was acquired by UnitedHealth Group. [7] At that time, the company had 705,000 Medicare enrollees. [8]
United Health Services (UHS) (United Health Services Hospitals, Inc.) is the largest and most comprehensive provider of healthcare services in upstate New York's Southern Tier. [ 3 ] A locally owned, not-for-profit system, it is governed by a volunteer board of directors composed of residents from around the region. [ 4 ]
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