UnitedHealth Group
Inc., founded in 1977, is the most diversified and well organized health care
company in the United States and operates worldwide helping provide people to
live healthier lives and helping to make health system be more efficient and work
better for everyone. The company is at No. 14 in the Fortune magazine’s top 500
US based companies. The group is the parent company of united Healthcare, which
itself is the largest single health carrier in the US. The company through its
different divisions insures around 70 million individuals in the US. UnitedHealth
is dedicated in introducing innovative approaches, which improve personal
health and promote healthy activities in local communities.
The UnitedHealth Group stock is
organized into two operating business divisions: UnitedHealth care and Optum.
The former provides health care coverage and benefits services. Healthcare is
further divided into;
·
UnitedHealth care
Employer & Individual - Health programs not connected with a Government
entity (Medicare, Medicaid, or Military).
·
UnitedHealth care
Medicare & Retirement - Health programs for Medicare recipients and group
retirees.
·
UnitedHealth care
Community & State - Health programs for Medicaid recipients and regional
assistance programs.
·
UnitedHealth care
Military & Veterans - Health programs administered under a Tri-Care
contract.
The Optum provides information and technology assisted health
services and engages in health data analytics to provide a more robust approach
to patients.
The company’s current CEO is Stephen Helmsley with Richard T.
Burke as non-executive chairman. The company employees more than 165000 people
worldwide with revenues of $122.489 billion and net income of $5.625 billion in
2013. The stock price of the company is $81.82 on 14 august 2014 with market
capitalization of $79.498 billion.
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