United Health Group is one of the 10 largest insurance companies in the world, headquartered in Minneapolis, United States. United Health Group was founded in January 1977. Its CEO is Stephen Hemsley, with approximately 170,000 employees. United Health Group, Inc. providing health service fulfillment and data consulting services.
Line of Business
UnitedHealth Group Incorporated is a diversified health care company that operates Optum and UnitedHealthcare platforms. The Company’s segments include Optum Health, Optum Insight, Optum Rx and UnitedHealthcare. Optum Health provides health and wellness care, addressing the physical, emotional and health-related financial needs. Optum Health, through its national health care delivery platform, engages people in care settings, including clinical sites, in-home and virtual.
Optum Insight serves the needs of health systems, such as physicians and hospital systems, health plans, state governments and life sciences companies. Optum Rx provides a range of pharmacy care services through retail pharmacies, specialty and community health pharmacies and provides in-home and community-based infusion services. UnitedHealthcare segment includes UnitedHealthcare Employer & Individual, UnitedHealthcare Medicare & Retirement, UnitedHealthcare Community & State and UnitedHealthcare Global.
The number of customers already owned by the United Health Group in the United States and 125 other countries is approximately 115 million people. With this amount, it is only natural that the United Health Group managed to record a market capitalization of more than IDR 3,156 trillion.
In 2020 alone, UnitedHealth was able to record total annual revenue of US$242.1 million, an increase of 7 percent from the previous year. The company also recorded a net profit of 13.8 million US dollars in the same year, an increase of 15.5 percent from the previous year. From this annual revenue record, UnitedHealth is now ranked fifteenth on Fortune’s Global 500 list, in 2020. The company also has assets with a total value of 173.8 million US dollars.
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The Subsidiaries of UnitedHealth Group
A small number of Subsidiaries owned by UnitedHealth Group are: Optum, PacifiCare Health Systems, MedSynergies, UnitedHealthcare Inc, Avella Specialty Pharmacy, PatientsLikeMe, Equian, Diplomat Pharmacy, Genoa, Surgical Care Affiliates, Peoples Health, divvyDOSE, Amil, Golden Rule Insurance Company , Oxford Health Plans and others.
