Company
UnitedHealth Group
Official Name: UnitedHealth Group Incorporated
Headquarters: Minnetonka, MN, United States
Founded: 1977
Employees: 350,000
CEO: Sir Andrew Philip Witty
Market Cap
$450.89 Billion
USD as of July 1, 2024
UnitedHealth Group Categories
United States Healthcare Healthcare PlansUnited States Healthcare United States Healthcare Plans
Company Description
UnitedHealth Group is the largest healthcare company in the world by revenue, offering diversified health care products and insurance services. It serves clients through two distinct platforms: UnitedHealthcare which provides health care coverage and benefits services, and Optum which provides information and technology-enabled health services.
Top Competitors by Market Capitalization
Industry: Healthcare Plans
| Company | Market Cap (USD) |
|---|---|
| Elevance Health | $123.25 B |
| Cigna Corporation | $90.65 B |
| CVS Health | $71.08 B |
| Humana Inc. | $43.72 B |
| Centene Corporation | $35.42 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| Lilly | $808.65 B |
| Novo Nordisk | $622.07 B |
| Johnson & Johnson | $350.63 B |
| Merck | $318.75 B |
| AbbVie | $295.34 B |
Detailed Description
UnitedHealth Group Incorporated operates as a diversified health care company in the United States. It operates through four segments: UnitedHealthcare, Optum Health, Optum Insight, and Optum Rx. The UnitedHealthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, and individuals; health care coverage and well-being services to individuals age 50 and older addressing their needs for preventive and acute health care services, as well as services dealing with chronic disease and other specialized issues for older individuals; Medicaid plans, children's health insurance and health care programs; health and dental benefits; and hospital and clinical services. The OptumHealth segment provides access to networks of care provider specialists, health management services, care delivery, consumer engagement, and financial services. This segment serves individuals directly through care delivery systems, employers, payers, and government entities. The OptumInsight segment offers software and information products, advisory consulting arrangements, and managed services outsourcing contracts to hospital systems, physicians, health plans, governments, life sciences companies, and other organizations. The OptumRx segment provides pharmacy care services and programs, including retail network contracting, home delivery, specialty and compounding pharmacy, and purchasing and clinical capabilities, as well as develops programs in the areas of step therapy, formulary management, drug adherence, and disease/drug therapy management. UnitedHealth Group Incorporated was incorporated in 1977 and is based in Minnetonka, Minnesota.
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Stocks & Indices
UnitedHealth Group Incorporated has the following listings and related stock indices.
Stock: NYSE: UNH wb_incandescent
Stock: XETR: UNH wb_incandescent
Product & Services
Uniprise, Health Care Services, Specialized Care Services, and Ingenix
Key People
Founder(s): Richard T. Burke
Stephen J. Hemsley (Executive Chairman) Larry C. Renfro (Vice Chairman) Andrew Witty (CEO)
Financials
Revenue: US$285.273 billion (2021)
Operating income: US$21.646 billion (2021)
Net income: US$17.285 billion (2021)
Total assets: US$212.206 billion (2021)
Total equity: US$75.045 billion (2021)