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Information made vulnerable in the UnitedHealth attack is believed to include health insurance member IDs, patient diagnoses, treatment information and social security numbers, as well as billing ...
The company processes 15 billion health care transactions annually, which include a range of services that directly affect patient care, including eligibility verifications and pharmacy operations ...
Feb. 2014: Optum purchases a majority stake in Audax Health Solutions, a patient engagement [clarification needed] company. Audax is later rebranded as Rally Health. April 2015: Optum acquires MedExpress, an urgent care and preventative services company. [9] July 2015: Catamaran, a pharmacy benefit manager, joins OptumRx. [3]
In 2000, 68% of small companies with 3 to 199 workers offered health benefits. Since that time, that number has continued to drop to 2007, when 59% offered health benefits. For large firms with 200 or more workers, in 2000, 99% of employers offered health benefits; in 2007, that number stayed the same.
The news comes as a relief for U.S. hospitals and healthcare providers that had urged the Department of Health and Human Services (HHS) to shift the notification responsibility to UnitedHealth and ...
An explanation of benefits (commonly referred to as an EOB form) is a statement sent by a health insurance company to covered individuals explaining what medical treatments and/or services were paid for on their behalf. [1] The EOB is commonly attached to a check or statement of electronic payment. An EOB typically describes:
Andrew Witty—who also said that 'the health system needs to function better'— made his comments during an earnings call reporting $14 billion in 2024 net income.
Selling insurance products under UnitedHealthcare, and health care services under the Optum brand, it is the world's ninth-largest company by revenue and the largest health care company by revenue. The company is ranked 8th on the 2024 Fortune Global 500. [4] UnitedHealth Group had a market capitalization of $460.3 billion as of December 20, 2024.
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