UnitedHealth Group

UnitedHealth Group

UnitedHealth Group (IPA: /ˈjuːnaɪtɪdhɛlθ ɡruːp/) is an American multinational healthcare company based in Minnetonka, Minnesota. It offers health care products and insurance services. UnitedHealth Group is the largest healthcare company in the world by revenue, with 2019 revenue of $242.2 billion.

Etymology

The name "UnitedHealth Group" is derived from the company's original business of providing health insurance, with "United" signifying the company's goal of uniting patients, providers, and payers to improve healthcare outcomes.

History

UnitedHealth Group was founded in 1977 by Richard Burke and went public in 1984. It was initially a part of the UnitedHealthcare Corporation but was spun off in 1998 to become an independent company.

Services

UnitedHealth Group operates through two main divisions: UnitedHealthcare and Optum. UnitedHealthcare provides health benefit plans for individuals, employers, and Medicare and Medicaid beneficiaries. Optum is a health services platform serving the broad health market, including payers, care providers, employers, governments, life sciences companies and consumers.

Related Terms

• Health insurance
• Managed care
• Medicare (United States)
• Medicaid
• Healthcare in the United States

See Also

• List of largest companies by revenue
• List of corporations by market capitalization

External links

• Medical encyclopedia article on UnitedHealth Group
• Wikipedia's article - UnitedHealth Group

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