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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]
In July 2018, Witty became CEO of Optum, a division of UnitedHealth Group. [22] In November 2019, he was named president of UnitedHealth, in addition to his role as CEO of Optum. [23] From April 2020 to December 2020, Witty took a leave of absence from Optum to assist the World Health Organization in developing a vaccine for COVID-19.
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]
Despite his promising to be “the greatest jobs producer that God ever created” after winning the presidency, Trump’s recent slew of overseas tariffs has led to an increasing number of job ...
As the nation deals with corporate layoffs, many workers are looking for alternative employment. A recent study shows 36% of the workforce identifies as independent workers or "gig workers."
The Associated Press said Monday that it would begin offering buyouts and lay off selected employees, part of a plan to reduce the news outlet's staff by about 8% and accelerate a transition to a ...
Amedisys was founded in 1982 by William F. Borne, a registered nurse from Reserve, Louisiana and William Matt Hession (registered nurse). CEO of Key Nursing. Borne has served as chief executive officer (CEO) and chairman of the board since that time. [6]
Companies almost never offer employees pay cuts in the lead-up to layoffs, despite a willingness of workers to accept even deep reductions in wages to avoid losing their jobs, a new study finds ...