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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]
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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]
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.
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.
M Health Fairview is a healthcare brand located in Minnesota, United States. It represents the collaboration between the University of Minnesota Medical School, University of Minnesota Physicians, and Fairview Health Services, the organization offers a comprehensive range of health services. These services encompass primary and specialty care ...
Allina Health (/ ə ˈ l aɪ n ə / ə-LY-nə) [1] is a nonprofit health care system based in Minneapolis, Minnesota, United States.It owns or operates 12 hospitals and more than 90 clinics throughout Minnesota and western Wisconsin.
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