Talk:UnitedHealth Group/Archives/2023/April

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Finance section update

Hi again! On behalf of UHG, I'd like to suggest an update for the Finance section.

  • Issue: Out of date financial information
  • Request: Update per similar source (SEC filing, Form 10-K)

The section says "For the fiscal year 2020, UnitedHealth Group reported earnings of US$15.40 billion, with an annual revenue of US$257.1 billion", per an outdated SEC filing. Per a more recent SEC filing, I propose changing the text to "For the fiscal year 2022, UnitedHealth Group reported earnings of US$28.44 billion, with an annual revenue of US$324.16 billion.[1]

References

  1. ^ "Form 10-K" (PDF). U.S. Securities and Exchange Commission. December 31, 2022. Retrieved March 7, 2023.

Thanks for reviewing! Barbara at UHG (talk) 19:09, 9 March 2023 (UTC)

 Done voorts[1] 04:36, 23 April 2023 (UTC)
@Voorts: Thanks for reviewing this request and updating the article. Above, I've submitted a request to add mention of some acquisitions, and below, I've submitted another to improve the 'organizational structure' section, if you're interested. Thanks again! Barbara at UHG (talk) 16:54, 26 April 2023 (UTC)

Organizational structure section

On behalf of my employer UHG, I'd like to suggest an update for the Organizational structure section. I've identified specific issues and provided solutions for consideration below:

  • Issue: The summaries of Optum and UnitedHealthcare are problematic for several reasons. For Optum, the first sentence is based on a press release and the URL does not work. There is not a source for the third sentence. The UnitedHealthcare section is based on a single company document and lacks an overall description.
  • Solution: Using the existing United Healthcare text (which summarizes business segments) as a template, I've drafted similar text which summarizes Optum's segments. The proposed text gives an overview of the company's organizational structure without going into too much detail since there's a separate Wikipedia article for Optum. Since there's not a separate article for United Healthcare, I've included a bit more detail about the business as a whole, based on a Forbes source which has been fact-checked.
    • Request: I am asking editors to consider replacing the section's current text with the following, which is based on Reuters, CNN Business, Forbes, and the SEC:
Organizational structure

Subsidiaries of UnitedHealth Group include Optum and UnitedHealthcare.[2][3]

Optum
Main article: Optum

Segments of Optum include:

  • Optum Health – focuses on health and wellness care; services include primary and speciality care[4] delivery and management, as well as consumer engagement and health financial services[2][3]
  • Optum Insight – supports healthcare industry systems via analytics, data, and technology[2][3]
  • Optum Rx – offers pharmacy care services,[3] including home delivery and networking contracting, and develops programs related to drug adherence and management as well as step therapy[2]
UnitedHealthcare

UnitedHealthcare offers health benefit programs for individuals, employers, and Medicare and Medicaid recipients. It is the nation's largest insurance company "based on market share by direct written premiums", according to Forbes.[5] As of 2023, UnitedHealthcare partners with 1.3 million medical providers and 6,500 health care facilities, and has 125,000 employees.[5] Segments include:[2]

  • UnitedHealthcare Employer & Individual – provides health benefit plans and services to employers[6]
  • UnitedHealthcare Medicare & Retirement – offers health and wellness benefits for Medicare beneficiaries and retirees[6]
  • UnitedHealthcare Community & State – manages health benefits for state Medicaid participants and other community programs[6]
  • UnitedHealthcare Global – provides medical benefits and services to employers and individuals internationally (predominantly in South America)[6]

References

  1. ^ See talk page.
  2. ^ a b c d e "UnitedHealth Group Inc". Reuters.
  3. ^ a b c d "UnitedHealth Group Inc". CNN Business.
  4. ^ "Factbox: Which CVS rivals also own primary care services". Reuters. February 8, 2023.
  5. ^ a b "UnitedHealthcare Health Insurance Review 2023". Forbes. January 3, 2023.
  6. ^ a b c d "Form 10-K: UnitedHealth Group". U.S. Securities and Exchange Commission.

I welcome editor feedback and improvements. The purpose of this request is to give readers a better understanding of UHG's organizational structure, based on the existing text but using better sources and bringing balance to Opum and UnitedHealthcare.

Thanks for reviewing! Barbara at UHG (talk) 19:01, 19 April 2023 (UTC)

 Partly done I changed the language and cites a bit. I did not change the UHC descriptions of the divisions because (1) you cite only to the 10-K, which is original research and (2) the descriptions of the "benefits" provided by the UHC divisions should be more specific by specifying which types of plans are provided: HMOs, PPOs, Part D benefits, etc. voorts (talk/contributions) 03:05, 27 April 2023 (UTC)

Missing acquisitions.

Hi again! On behalf of UHG, I'd like to suggest another improvement for this article. I don't know how editors determine which acquisitions to mention, but I've identified several acquisitions which are not currently included in the "History" section and may be worth mentioning.

  • Issue: Acquisitions not included in the "History" section
  • Request: Add the following sentences, which are sourced by reliable news outlets:
  1. UnitedHealth Group acquired Definity Health, which combined health plans with savings accounts,[1] for $300 million in 2004.[2]
  2. In 2015, UnitedHealth's OptumRx purchased the home intravenous therapy company AxelaCare.[3] UnitedHealth's Optum subsidiary also acquired the urgent care clinic operator MedExpress for $1.5 billion in 2015.[4][5]
  3. UnitedHealth Group agreed to purchase Surgical Care Affiliates, which operated ambulatory surgery centers and surgical facilities in the United States, for $2.3 billion in 2017.[6]
  4. In 2018, UnitedHealth Group acquired the Latin American healthcare operator and insurer Empresas Banmedica for $2.8 billion.[7][8]
  5. UnitedHealth Group's Optum subsidiary purchased Diplomat Pharmacy for $300 million in 2019.[9][10]
  6. Optum completed the acquisition of Change Healthcare in 2022.[11]

References

  1. ^ Tracer, Zachary (July 24, 2018). "Health Insurance Startups Bet It's Time for a Nineties Revival". Bloomberg.com.
  2. ^ Coombs, Bertha (June 28, 2018). "Insurance start-up launches on-demand health coverage". CNBC.
  3. ^ Kaberline, Brian (November 17, 2015). "OptumRx buys expanding Lenexa health services business". Kansas City Business Journal.
  4. ^ Mamula, Kris B. (April 20, 2015). "Why a UnitedHealth subsidiary acquired MedExpress - and what its future might be". Pittsburgh Business Times.
  5. ^ Gamble, Molly. "10 things to know about Optum, the $101B healthcare company keeping hospital execs up at night". Becker's Hospital Review.
  6. ^ "UnitedHealth to buy Surgical Care Affiliates in $2.3 billion deal". Reuters. January 9, 2017.
  7. ^ Snowbeck, Christopher. "UnitedHealth Group unit paying $1.5 billion for U.K. technology company". Star Tribune. Retrieved 2023-01-17.
  8. ^ Snowbeck, Christopher. "UnitedHealth Group employment hits 300,000". Star Tribune. Retrieved 2023-01-17.
  9. ^ Joseph, Saumya (December 9, 2019). "Diplomat Pharmacy agrees to $300 million buyout by UnitedHealth". Reuters.
  10. ^ Reilly, Mark (December 9, 2019). "UnitedHealth's Optum will take over Diplomat Pharmacy in $300 million deal". Minneapolis / St. Paul Business Journal.
  11. ^ "UnitedHealth unit completes acquisition of Change Healthcare". Reuters. October 3, 2022.

My text suggestions are brief and neutral, and I'm happy for editors to expand or alter content appropriately. Given the amount of text about acquisitions, could editors create an "Acquisitions" sub-section? I think this would help with organizing information.

Thanks for your consideration! Barbara at UHG (talk) 19:27, 1 March 2023 (UTC)

 Declined WP:CORPDEPTH notes that "standard notices, brief announcements, and routine coverage" is trivial and not notable. Such routine coverage includes "expansions, acquisitions, mergers, sale, or closure of the business". However, "[a] news article discussing a prolonged controversy regarding a corporate merger" constitutes substantial coverage. I think the history section should be restructured because currently, it is largely a list of acquisitions and mergers. That might be appropriate for a separate article (see, e.g. List of mergers and acquisitions by Amazon). I am going to note this same issue on the Talk Page for WP:COMPANIES and request feedback there. voorts (talk/contributions) 21:40, 27 April 2023 (UTC)
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