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UnitedHealth Group originated in late 1974, when Minnesota-based Charter Med Incorporated was founded by Richard Taylor Burke. It originally processed claims for doctors at the Hennepin County Medical Society. [5] UnitedHealthcare Corporation was founded in 1977 to purchase Charter Med and create a network-based health plan for seniors. [6]
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. [3] [4] [5] Burke took the view that healthcare should be economized and hospital admissions should be limited, sometimes at the protest of doctors.
Sept. 2019: UnitedHealth Group announces acquisition of Equian, LLC for $3.2 billion. [12] A Payment Integrity Institution that has joined the Optum family. Jan 2021: UnitedHealth Group announces acquisition of Change Healthcare LLC, evaluated to worth $8 billion, in addition to paying off its $5 billion debt for a total of $13 billion. [13]
UnitedHealthcare is the largest insurer in the United States and is connected to a network of more than 1.3 million physicians and care professionals across ... UnitedHealth also owns Optum, one ...
PHOTO: The UnitedHealthcare headquarters in Minnetonka, Minn., lowered its flags to half-staff on Dec. 4, 2024, in honor of CEO Brian Thompson, who was fatally shot outside a hotel in New York.
Under his leadership, UnitedHealthcare provided coverage to more than 49 million people, making it the largest insurance company in the US. The network includes 1.3 million physicians and care ...
Brian Robert Thompson [1] [2] (July 10, 1974 – December 4, 2024) was an American businessman who was the chief executive officer (CEO) of UnitedHealthcare, the insurance arm of UnitedHealth Group, from April 2021 until his killing in December 2024. Thompson became manager at PwC, a professional services network, in 1997. He held this position ...
UnitedHealthcare is a subsidiary of UnitedHealth Group. Executive and board of directors bios are common on most company websites, both public and private.