UnitedHealth Group Reports 16% Growth YoY, Expanding Optum Network and Embracing Biosimilars
UnitedHealth Group Incorporated (NYSE: UNH), one of the largest health insurers in the United States, reported its second quarter financial results on Friday, July 14. When we covered UnitedHealth Group during the last earnings season, the company demonstrated positive performance and balanced growth across its Optum and UnitedHealthcare business segments. This trend seems to have persisted into Q2, with UnitedHealth Group continuing to report strong contributions from both segments, even as UnitedHealth continued to invest to support growth. During Q2:23, UnitedHealth reported group revenues of $92.9 billion, up 15.6% year-over-year and surpassing analysts’ estimates of $91 billion.... Read More »
Molina Healthcare Acquires Bright Health’s California Subsidiaries
Molina Healthcare, Inc. announced on June 30 that it has entered into a definitive agreement to acquire 100% of the issued and outstanding capital stock of Bright Health’s California subsidiaries, Brand New Day and Central Health Plan of California. The purchase price for the transaction is approximately $510 million, which Molina intends to fund with available funds including cash on hand. The transaction is expected to close in the first quarter of 2024. Universal Care, doing business as Brand New Day, was founded in 1983 by the Davis family to improve health outcomes through an emphasis on complex care management, population health and strong relationships between patients and... Read More »
Medicare Is Driving the Shift to Value-Based Care
Takeaways from AHLA’s Health Care Transactions Conference Value-based care has arrived and it is here to stay. That was the consensus shared by panelists at the Health Care Transactions conference hosted by the American Health Law Association in April 2023 in Nashville. “Throughout my entire career, I’ve been hearing that value-based care is ‘maybe only five years away,’” Jim Cotelingam, the chief strategy officer for the Cleveland Clinic, said during the opening panel. “I’ve been hearing that for 25 years. But I think this time is actually different.” Levin Associates was in attendance at the conference and the insights shared below are from panel... Read More »
UnitedHealth Group Revenues up 15%, Focus on Value-Based Care Pays Off
UnitedHealth Group Incorporated (NYSE: UNH), one of the largest health insurers in the United States, reported a positive performance in the first quarter of 2023, demonstrating balanced growth across its Optum and UnitedHealthcare business segments. The company’s revenue increased by 15% to $91.9 billion in Q1:23, and its adjusted earnings per share rose by 14% to $6.26 compared to the same period last year. Year-to-date, UnitedHealthcare also expanded its customer base, serving 1.2 million more people in the United States, with half of this growth coming from its commercial offerings. Additionally, the OptumHealth segment reported a significant increase in the number of patients... Read More »
Senior Market Sales Acquires Sizeland Medicare Strategies
Senior Market Sales (SMS), a premier insurance marketing organization, has acquired Sizeland Medicare Strategies, which is based in the greater Detroit area. Sizeland Medicare Strategies is a health and life insurance agency focusing on Medicare plans. The company is licensed in 40 states. SMS represents top Medicare Supplement, Medicare Advantage, annuity, life, long-term care and travel insurance carriers in all 50 states. More than 71,000 independent insurance agents rely on SMS for proprietary technology, competitive insurance products and expert training and service. Founded in 1982, SMS is headquartered in Omaha, Nebraska. In 2020, SMS joined the Alliant Insurance Services family of... Read More »Schedule a demo
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