Overview UnitedHealth Group Incorporated (NYSE: UNH) is a diversified health and well-being company dedicated to helping people live healthier lives and making health care works better. Through its family of subsidiaries and divisions, UnitedHealth Group serves approximately 70 million individuals throughout United States and has a reported income of 8.4 billion in 2015. UnitedHealth’s business model is highly adaptable, which allows them to quickly and effectively address emerging needs in a changing healthcare landscape. UnitedHealth, which is listed as No. 14 on the Fortune 500, serve the markets for health benefits and health services through Unitedhealthcare and Optum repectively. • UnitedHealthcare UnitedHealth’s subsidiary, which is UnitedHealthcare, serves the health benefit needs of individual consumers and employers of all sizes. For instance, UnitedHealthcare serves individuals age 50 and older through Medicare and offer states innovative Medicaid solutions to active duty and retired U.S. military personnal. • Optum Optum is one of the largest health information, technology, services and consulting companies in the world. Optum is also recognized as a pharmacy benefit management leader in terms of service, affordability and clinical quality. Compared to UnitedHealthcare, Optum is much more focused on population health management and care delivery in a way to improve the clinical and operating elements of the health care system.
“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.).
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
HealthSouth Corporation was incorporated in January 1984 in Birmingham, Alabma by the founder Richard M. Scrushy. HealthSouth Corporation is the leading provider of medical rehabilitation health care and outpatient surgery services in the United States. Richard M. Scrushy was the former CEO& Founder of HealthSouth Corporation, and there were 5 CFO which were Aaron Beam, Weston, Smith, Bill Owens, Michael Martin and Tadd Mcvay.
SEIU-UHW is a powerful, cutting-edge union of healthcare workers leading for better health, quality care, and good jobs. With 80,000 to 90,000 thousand members working in nearly every part of the healthcare industry, SEIU-UHW is the premiere, pre-eminent front-line voice on healthcare in California and has members with a creative, innovative and bold strategies to improve healthcare workers’ standard of living and make California the healthiest state in our nation; but can only make it happen with great members, Organizers and leaders utilizing award winning strategies and education campaigns and plans to reach the masses of workers throughout California.
WellPoint Company is an independent licensee of the Blue Cross and Blue Shield Association (BCBSA) and the association of independent health benefit plans. WellPoint is headquartered in Indianapolis, Indiana and employs 48,200 people (Market Line, 2014). WellPoint’s total revenue was $71,023.5 million in 2013, operating profit was $4,588.2 million and net profit was $2,489.7 million. According to the Market Line (2014) research analysis, WellPoint’s strength is having a broad membership via affiliate medical plans and individual subsidiary plans. Through WellPoint’s deal making legacy in merger and acquisitions and has the potential to increase its portfolio and attract new markets.
United Healthcare network program include: long term acute care hospitals, home health facilities, rehabilitation centers, family planning centers, diagnostic/laboratory and radiology centers, cancer center and hospice care centers (United Health Group, 2016). UnitedHealth Group was awarded and reorganized as the top ranking company in insurance and managed care sector on Fortune 2017 “World’s Most Admired Companies” list (United Health Group, 2017). The company has made a tremendous impact in people lives through educational video on methods/modification to accomplish and live healthy life styles. About 5.8 million dollars was invested by the organization in development of family health that aimed in effectively maintaining patient safety to accomplish a better health outcome and low cost. Through Accountable Care Organization (ACO), the organization has effectively maintained good affiliation with about 574 hospitals, 74,000 medical providers and 1,950 medical groups (United Health Group,
United Luxury Housing LLC. (Hereinafter referred to as “ULH” or “the company”) prides itself on being one of the fastest growing property management companies in the United States. ULH owns and or manages luxury apartment communities in
There are numerous organizationsthat are present in our society, be it private, public or voluntary organizations but one thing that is common from these organizations is that they all have missions and goals set for them to achieve. This paper will be discussing an organization called United Way.
Hawaii Health Systems Corporation has twelve facilities across five different islands with 1,275 licensed beds. It consists of five regions: East Hawaii, West Hawaii, Kauai, Maui and Oahu. HHSC is listed as the fourth largest health system in the country and the fourth largest on the islands, outside of Oahu (www.hhsc.org, 2014). In addition, it is the only provider of acute care on Maui and Lanai. In the West Hawaii Region, HHSC operates two facilities, Kona Community Hospital and Kohala Hospital. Kona Community Hospital, opened in 1914, operates a 94 bed acute care facility with a fully operational 24 hour Emergency Room. The East Hawaii region operates three facilities. The largest facility is located in Hilo, with Ka’u being a
United Healthcare assesses that it services approximately 70 million Americans . Its entire system spans 676,287 physicians and health care professionals, 80,000 dentists and 5,190 hospitals, whilst their pharmaceutical management provides more affordable drugs to 13 million people.
The HealthSouth Corporation was started in 1984 by Richard Scrushy with hopes of becoming one of the largest healthcare companies in the country. It was doing quite well by 1996 with a market value of nearly $12 billion and was one of the United States largest healthcare firms. This all fell apart in 2003 when it was discovered that Scrushy and his employees had committed fraud in the estimated range of almost $2.7 billion (Daigle, Louwers and Morris 887). Scrushy, over the years, had brought on many new faces to the company. Many of these employees were friends of Scrushy from previous business ventures and business meetings. These employees and the others involved in the fraud were given the name ‘family’; highly due to the fact that they all knew what was happening and not one wanted to go to the authorities to confess. It was after the fraud had gone on for nearly six years that the former CFO Weston Smith tipped off federal investigators.
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.
United’s stock is currently listed National Association of Securities Dealers Automated Quotation (NASDAQ) Stock Market, and is listed under the symbol UAUA. United Airlines, as a whole organization continues to be dedicated to cost