Organization Overview of Universal Health Services Inc

However, Germany’s healthcare system seems to be different when compared to the United States healthcare system because of their universal health coverage for all residents who qualify. The fact that remains similar to the U.S. is the conception of by law all residents have to carry health coverage either by a public or private insurance provider.

“UnitedHealthcare provides network-based health care benefits for a full spectrum of customers in the health benefits market” such as students and individuals; sole proprietorships to multi-site, large national employers; promotion of health benefits to Medicare retirees and beneficiaries; and provides Medicaid and community programs (UnitedHealthcare, 2010). UnitedHealth Group 2012 revenue was $11.3 billion. The company is continuously growing through various mergers and acquisitions within the US and Europe, increasing members and revenues (Keepournhspublic, n. d.).

Health care systems are highly complex and require vast resources. Moreover, providing healthcare coverage to all citizens can be challenging for many countries. Different models and theories abound all over the world about how best to provide care and only the most developed countries have adequate resources to truly provide universal coverage to their citizens.

UHDDS is specific to hospitals that provide medical services for those covered by Medicaid and Medicare. As the federal government was becoming increasingly involved in healthcare, analysts realized the importance of creating a standardized system of medical coding that would be allowed for an easier comparison between hospitals. This data could also be used to compare the reimbursement rates of different hospitals for similar medical procedures, and thereby work towards a standardized system of reimbursement for the federal government nationwide. Standardization in reimbursement rates also helped hospitals move towards standardization in quality of

Shortly after that in 1995, United HealthCare attained the MetraHealth Companies Inc. for $1.65 billion. During 1998, the company undertook a momentous realignment of its operations into six independent, yet strategically linked businesses. Each of the companies were dedicated to meeting the health and well-being needs of a distinctive market segment. To accurately reflect the breadth and structure of this new company, the corporate organization, United HealthCare Corporation, was renamed UnitedHealth

"Universal healthcare refers to a healthcare system that provides benefits to all persons in a particular country." (Definition of "Universal Healthcare Coverage", Investopedia.com). This form of healthcare is used among the richest countries, Ex. Canada and France. Other rich countries that use the Universal Healthcare system spend far less than the United States does. Although the U.S spends more on healthcare, “The U.S ranks 28th below almost all other rich countries, when it comes to the quality of its healthcare assessed by UN parameters (pdf, p.13)"(Annalisa Merreli, A history of why the US is the only rich country without universal healthcare, qz.com). These statistics call for a change. The United States should adopt universal healthcare because it would benefit business, provide equal access to healthcare, and is a human right.

There are many individuals’ that think the German health care system is one of the best in the world. Back in 1883 a man by the name of Otto von Bismarck, created Germany’s health care system; a universal health care system which is the oldest in Europe ("Otto von Bismarck," 2012). When the German health care system was created, it was mandatory for a select few mainly, low-income workers and specific government employees. Gradually the system was expanded to cover the entire German population. Under the German universal health care system 85 % of their population has

As financial manager, my role is a complex one covering many different areas of my clients finances. My role requires me to have a full understanding of the finances and how my company is ran. I am responsible for managing the budget and allocating funds amongst the different departments in relevance to importance, in order to keep the company running successfully. Choosing to invest in a company is a huge decision , requiring a rigorous amount of research. This research is done in order to determine whether the companies are a good fit for each other. The amount of research conducted can make the difference between my investor increasing their profit and losing money.

Other developed countries, such as Germany, Austria, Hungary, Norway, Britain, Russia, The Netherlands, Sweden, France, and Switzerland, all had socialized or nationalized healthcare as late as 1912. The primary reason for the emergence of these programs in Europe was income stabilization and protection against the wage loss of sickness rather than payment for medical expenses, which came later (pnhp.org). In the United States during this time, federal regulation of health care programs was nonexistent; states were given the responsibility and right to regulate within themselves and to determine what- if any- programs were available to their

Germany’s and the United States’ healthcare systems compare and contrast in many ways. Germany has the third richest economy in the world and many categorize their healthcare system as socialized. Germany provides medical care to all of the citizens—young, poor, old, sick, and injured. Otto von Bismarck the Prussian chancellor in the 1880s in Germany invented the concept of healthcare systems, the notion that a government has to provide mechanisms so all its people can get medical care when they need it. In 1883, the Sickness Insurance Act was passed, representing the first social insurance program. Over the past 130 years the

United Health care promotes itself as a progressive, forward-looking company stating that it has made- and continues making tremendous investment in research and development as well as in technology and business process infrastructure investing approximately $3 billion in the past five years. (http://www.uhc.com/about_us.htm).

UnitedHealth Group is a diversified health care company, and a worldwide leader in helping people live healthier lives and taking the necessary steps in making the health system work better for everyone. The UnitedHealth group serves more than 85 million individuals worldwide with health benefits and services. In 2012, they produced revenues of $110.6 billion and were ranked number 17 in the Fortune 500. The economic and political segments would rank the highest in influencing the UnitedHealth Group.

In all of the U.S, United Healthcare is the only health carrier that has been working towards improving the effectiveness as well as quality of healthcare for people belonging to all the various nations. This organization has been trying to make the medicines more accessible to the people who need them; they have been trying to implement the services that could be used by the masses not only in terms of cheaper costs but better accessibility as well.

UnitedHealth Group continues to enjoy steady progress across its major business units. Over the past two years United has worked to strengthen and accelerate its investments in its core health insurance and health services (Optum) units. This disciplined approach has resulted in both top-line and bottom-line growth growth for the organization on a year-over-year basis, with primary growth coming from the senior and public sectors, as well as from strong results in Optum. Membership for the third quarter was unchanged sequentially from 2Q14 with medical membership holding steady at 44.9 million members.

The German health care system is one of the best health system in the world. This evolved system distinguished in many perspectives. Those are the aspects of German health system that will be covered in this report: the structure and characteristics of the German health care system, comparison with the Australian health system, evaluation for the organization and administration of the health system, and policy development in Germany.