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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]
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]
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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]
Still others are modules added onto an existing electronic medical record (EMR) system. What all of these services share is the ability of patients to interact with their medical information via the Internet. At times, the lines between an EMR, a personal health record, and a patient portal can be blurred due to feature overlap. [1]
The Minnesota Department of Health (MDH) is the state health agency of the State of Minnesota in the United States. [1] The department has four offices in Saint Paul and seven outside of the Twin Cities metropolitan area: Bemidji , Duluth , Fergus Falls , Mankato , Marshall , Rochester , and St. Cloud .
Arkansas is suing Minnesota-based Optum Inc. and another pharmacy benefits manager, Express Scripts, for fueling the opioid crisis. Court documents describe "the misuse, abuse, diversion and over ...
Netsmart Technologies is an American company that develops and sells health information technology, including for electronic health records and health information exchanges, for organizations and entities in the behavioral health, human services, and post-acute care (which consists of home care and hospice and senior living) markets.