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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.
by health plans to coordinate benefits with other health plans; by health care clearinghouses in their internal files to create and process standard transactions and to communicate with health care providers and health plans; by electronic patient record systems to identify treating health care providers in patient medical records;
Oxford Health Plans [1] [2] is an American health care company that sells various benefit plans, primarily in New York, New Jersey and Connecticut. [3] [4]As of 2004, it is a subsidiary of UnitedHealth Group, the largest healthcare company in the world, [5] claiming to be "among the first" to allow patients to see specialists without a referral and to offer alternative medicine treatments.
A study published in August 2008 in Health Affairs found that covering all of the uninsured in the US would increase national spending on health care by $122.6 billion, which would represent a 5% increase in health care spending and 0.8% of GDP. "From society's perspective, covering the uninsured is still a good investment.
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]
Uninsured patients share their experience with the health care system in the United States. A study at Johns Hopkins Hospital found that heart transplant complications occurred most often amongst the uninsured, and that patients who had private health plans fared better than those covered by Medicaid or Medicare. [20]
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. [2] [3] [4] Burke took the view that healthcare should be economized and hospital admissions should be limited, sometimes at the protest of doctors.
Leonard Abramson, founder and former chief executive officer of U.S. Healthcare [9] Angela Braly, president and chief executive officer of WellPoint from 2007 to 2012 [10] Phil Bredesen, founder and former chief executive officer of HealthAmerica Corporation, [11] as well as the founder and first chairman of Coventry Health Care [12]
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