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Optum

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355:: Optum acquires Caremount Medical, Inc., of southeastern New York State, Riverside Medical Care of New Jersey, and ProHealth Medical Group of Western Connecticut, three midsized physician-led independent medical groups. In its announcement to the public and patients of the acquisitions, insurance company UnitedHealth Group is not mentioned, casting the transaction as a merger of three midsize physician-led companies into a new company rather than three acquisitions by an existing much larger Fortune 500 corporation with multiple types of health-related acquisitions, as described above. 488:, alleges the "algorithm used to manage the healthcare of millions of Americans shows dramatic biases against black patients". Said algorithm, applied to over 200 million individuals yearly, "significantly underestimates the amount of care black patients need compared with white patients". In fact, "less money is spent on black patients with the same level of need as white patients, causing the algorithm to conclude that black patients were less sick". Optum claims "its system helps 'clinicians provide more effective patient care every day'". 1368: 389:-Kindred. "Optum's been the leader in showing how a managed care organization with an ambulatory care delivery platform and a pharmacy benefit manager all in house can lower or maintain and bend cost trend and then drive better market share gains in their health insurance business. I think they have been the impetus in the large space for the Aetna-CVS deal," Ana Gupte, managing director of healthcare services at Leerink, said in an interview with 229:, healthcare delivery and healthcare operations. 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. The Optum Serve division provides health-related services to U.S. government agencies. 40: 454:
business and as such, Smith's employment would be in violation of a noncompete agreement that he signed while with Optum. Smith, meanwhile, asked the judge to send the parties into closed-door arbitration. Wolf rejected Optum's request and allowed Smith's, putting court proceedings on hold until the arbitration process is complete.
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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. In 2017, Optum accounted for 44 percent of UnitedHealth Group's profits. In 2019, Optum's revenues surpassed $ 100
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in the healthcare industry and for uncovering previously unknown details about Haven. The case has also been referred to as having shed light on the threat that pharmacy benefit managers feel to bottom lines amid mounting bipartisan pressure to control rising healthcare costs. Testimony brought by
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In early 2019, UnitedHealth Group filed a lawsuit asking a U.S. District Judge Mark Wolf to stop former Optum executive, David William Smith, from working at Haven (the Amazon, JP Morgan and Berkshire-Hathaway joint-healthcare venture). Optum argued that Haven is in direct competition with its
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In early 2019, Optum gained significant media attention regarding a trade secrets lawsuit that the company filed against former executive David William Smith, after Smith left Optum to join
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This Optum-UnitedHealth model of vertical integration is pointed to as having sparked a pattern of acquisition activity in the healthcare industry; most notably, mega-mergers between
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Since Optum's founding in 2011, the company has acquired various healthcare technology services to build out its pharmacy benefit manager and care services offerings.
1693: 244:: UnitedHealth Group announces Optum master brand, bringing together pharmacy services, data & analytics tools, and care delivery services under one roof. 1713: 1388: 855: 323:, evaluated to worth $ 8 billion, in addition to paying off its $ 5 billion debt for a total of $ 13 billion. It is said to be merged with OptumInsight. 658: 1688: 1217: 1073: 365:
for $ 3.3 billion. As part of the agreement, Amedisys rejected a prior buyout offer from Option Care that it initially agreed to the previous month.
1381: 605: 524: 924: 734: 313:: UnitedHealth Group announces acquisition of Equian, LLC for $ 3.2 billion. A Payment Integrity Institution that has joined the Optum family. 1124: 885: 225:
Optum's three businesses, OptumRx, OptumHealth and OptumInsight focus on five core capabilities: data and analytics, pharmacy care services,
993: 1047: 786: 516: 632: 1183: 1241:"A lawsuit is giving us the first hints of how Amazon, Berkshire Hathaway, and JPMorgan are planning to upend the US healthcare system" 1453: 947: 841: 1418: 952: 1099: 580: 1404: 807: 1267: 1018: 1698: 266:: Optum purchases a majority stake in Audax Health Solutions, a patient engagement company. Audax is later rebranded as 193:
billion for the first time, growing by 11.1% year over year, making it UnitedHealth’s fastest-growing unit at the time.
1428: 1423: 863: 1599: 1513: 1667: 1478: 289: 178: 119: 966: 471: 89: 1150: 547:"UnitedHealth Group Announces "Optum" Master Brand for its Health Services Businesses - UnitedHealth Group" 466:
Haven chief operating officer Jack Stoddard was unsealed after a motion brought by the parent companies of
761:"Secret weapon: UnitedHealth's Optum business is laying waste to old notions about how payers make money" 177:
is an American healthcare company that provides technology services, pharmacy care services (including a
1305: 462: 133: 123: 1652: 1518: 1498: 1438: 1614: 1594: 1584: 1523: 1463: 1339: 1103: 546: 497: 430: 209: 189: 185: 146: 260:: Optum, partnering with Dignity Health, launches Optum360, a revenue cycle management venture. 1331: 1323: 1158: 484: 320: 226: 1448: 1313: 201: 197: 683: 382: 1367: 708: 1309: 1184:"Judge Allows Ex-Optum Exec to Work for Amazon Healthcare Venture | HealthLeaders Media" 467: 205: 141: 1151:"Clash of Giants: UnitedHealth Takes On Amazon, Berkshire Hathaway and JPMorgan Chase" 842:"Solutran joins Optum and is now a part of the UnitedHealth Group family of companies" 1682: 1626: 1609: 1508: 1343: 1125:"Amazon-Backed Healthcare Venture Gets Much-Needed Name: Haven | HealthLeaders Media" 336: 458: 426: 417: 267: 108: 828:"Change Healthcare acquired for $ 13 billion by UnitedHealth Group's OptumInsight" 659:"UnitedHealth sues ex-executive for taking trade secrets to Amazon health venture" 1373: 1294:"Dissecting racial bias in an algorithm used to manage the health of populations" 1292:
Obermeyer, Ziad; Powers, Brian; Vogeli, Christine; Mullainathan, Sendhil (2019).
1579: 1528: 812: 346: 305: 251: 298:: Optum announces it will acquire Advisory Board Company's healthcare business. 1503: 370: 276:: Optum acquires MedExpress, an urgent care and preventative services company. 60: 50: 39: 1327: 1162: 1604: 1549: 1544: 1493: 1318: 1293: 1335: 345:: Bordeaux UK Holdings II Limited, an affiliate of Optum business acquires 827: 1589: 1564: 1458: 1443: 362: 1657: 1647: 1574: 1569: 1559: 1488: 1483: 1473: 17: 433:(Optum's parent company). No successor to the Optum CEO role is named. 1662: 1433: 1268:"Healthcare algorithm used across America has dramatic racial biases" 930: 886:"UnitedHealth Unit to Buy UK Health-Tech Firm EMIS for $ 1.5 Billion" 791: 386: 1631: 1554: 1468: 378: 374: 1719:
Pharmacy benefit management companies based in the United States
1377: 1210:"Buying Binge For UnitedHealth's Optum Is Only Just Beginning" 967:"UnitedHealth to buy Chile's Banmedica for $ 2.8 billion" 925:"Optum To Buy Amedisys For $ 3.3B, Derailing Option Care Deal" 292:, an ambulatory surgery center and surgical hospital provider. 457:
The case garnered media attention as setting a precedent in
157: 1074:"UnitedHealth Group Announces Executive Leadership Actions" 606:"UnitedHealth's Optum revenues surpass $ 100B for 1st time" 329:: UnitedHealth Group announces acquisition of Solutran LLC. 304:: Optum announces acquisition of DaVita Medical Group from 1361: 994:"Buoyed By Optum, UnitedHealth Group Remains on a Roll" 787:"Anthem Won't Mimic UnitedHealth's Doctor Buying Binge" 339:, an independent physician-led healthcare organization. 282:: Catamaran, a pharmacy benefit manager, joins OptumRx. 808:"UnitedHealth Group acquires 'payment integrity' firm" 633:"UnitedHealth's Optum Sales Hit $ 100B For First Time" 411:
Optum announces Larry Renfro to step down as Optum CEO
948:"Amedisys dumps Option Care for UnitedHealth's Optum" 254:, Optum unveils OptumLabs, a health data initiative. 1640: 1537: 1411: 581:"Optum a step ahead in vertical integration frenzy" 517:"UnitedHealth Group 2023 Annual Report (Form 10-K)" 152: 140: 129: 115: 100: 84: 66: 56: 46: 946: 923: 1048:"UnitedHealth Group Announces Leadership Actions" 575: 573: 571: 569: 567: 735:"Optum acquires urgent-care company MedExpress" 1100:"UnitedHealth Group Executive Management Team" 856:"News & Media | Atrius Health Joins Optum" 319:: UnitedHealth Group announces acquisition of 1389: 349:for a 49% premium on its closing share price. 8: 806:Snowbeck, Christopher (September 13, 2019). 32: 461:litigation ahead of an anticipated wave of 181:) and various direct healthcare services. 1396: 1382: 1374: 1366: 38: 31: 1709:Health care companies established in 2011 1317: 1704:Health care companies based in Minnesota 525:U.S. Securities and Exchange Commission 508: 1694:American companies established in 2011 439:Heather Cianfrocco named CEO of Optum. 1042: 1040: 27:American healthcare services provider 7: 1714:Multinational health care companies 657:Coombs, Bertha (January 23, 2019). 1454:George Institute for Global Health 1149:Abelson, Reed (February 1, 2019). 200:, the joint healthcare venture of 25: 1256:(access to article is restricted) 1019:"Larry Renfro Named CEO of Optum" 945:Sego, Alyxandra (June 26, 2023). 1689:2011 establishments in Minnesota 1266:Paul, Kari (October 25, 2019). 953:American City Business Journals 922:Barbarino, Al (June 26, 2023). 908:"Welcome to Optum Medical Care" 785:Japsen, Bruce (March 7, 2019). 684:"Optum Products & Services" 405:Larry Renfro named as Optum CEO 1405:Contract research organization 1: 733:Herman, Bob (April 9, 2015). 111:(CEO of parent company, UHG) 741:. Crain Communications, Inc 72:; 13 years ago 1735: 1538:Clinical and Healthcare IT 1429:Charles River Laboratories 1424:Cancer Trials Support Unit 888:. Bloomberg. June 17, 2022 482:A 2019 study published in 361:: Optum agreed to acquire 1600:Tata Consultancy Services 1514:WIL Research Laboratories 37: 1668:Thermo Fisher Scientific 1479:Labcorp Drug Development 290:Surgical Care Affiliates 179:pharmacy benefit manager 120:Pharmacy benefit manager 106:Heather Cianfrocco (CEO) 1319:10.1126/science.aax2342 765:Healthcare Finance News 610:Beckers Hospital Review 472:The Wall Street Journal 90:Eden Prairie, Minnesota 420:starts as CEO of Optum 184:Optum was formed as a 1663:Syngene International 321:Change Healthcare LLC 1078:www.businesswire.com 1052:www.businesswire.com 1023:www.businesswire.com 860:www.atriushealth.org 463:vertical integration 429:appointed as CEO of 136:226.6 billion (2023) 124:Health care provider 1699:Corporate spin-offs 1519:WNS Global Services 1499:PRA Health Sciences 1439:Craven Laboratories 1310:2019Sci...366..447O 973:. December 22, 2017 709:"About Optum Serve" 688:United Health Group 551:United Health Group 478:Alleged racial bias 34: 1615:UnitedHealth Group 1595:Oracle Corporation 1585:Medidata Solutions 1524:Wolfe Laboratories 1155:The New York Times 1104:UnitedHealth Group 1080:. February 4, 2021 866:on August 20, 2022 612:. January 15, 2019 498:Haven (healthcare) 431:UnitedHealth Group 250:: Partnering with 233:Major acquisitions 210:Berkshire Hathaway 190:UnitedHealth Group 147:UnitedHealth Group 1676: 1675: 1412:Clinical Research 1304:(6464): 447–453. 1220:on April 18, 2018 739:Modern Healthcare 335:: Optum acquires 288:: Optum acquires 227:population health 172: 171: 16:(Redirected from 1726: 1449:ePharmaSolutions 1398: 1391: 1384: 1375: 1370: 1365: 1364: 1362:Official website 1348: 1347: 1321: 1289: 1283: 1282: 1280: 1278: 1263: 1257: 1255: 1253: 1251: 1245:Business Insider 1236: 1230: 1229: 1227: 1225: 1216:. 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Index

OptumRx

Subsidiary
Healthcare
Eden Prairie, Minnesota
Andrew Witty
Pharmacy benefit manager
Health care provider
US$
Parent
UnitedHealth Group
www.optum.com/en/
pharmacy benefit manager
subsidiary
UnitedHealth Group
Haven
Amazon
JPMorgan Chase
Berkshire Hathaway
population health
Mayo Clinic
Rally Health
Surgical Care Affiliates
DaVita Inc.
Change Healthcare LLC
Atrius Health
EMIS Health
Amedisys
CVS
Aetna

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