Optum Archives - MedCity News https://medcitynews.com/tag/optum/ Healthcare technology news, life science current events Tue, 29 Aug 2023 01:22:38 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.1 https://medcitynews.com/uploads/2021/03/cropped-mblue-32x32.png Optum Archives - MedCity News https://medcitynews.com/tag/optum/ 32 32 40682243 Healthcare Moves: A Monthly Summary of Hires and Layoffs https://medcitynews.com/2023/08/healthcare-executive-hire-layoffs/ https://medcitynews.com/2023/08/healthcare-executive-hire-layoffs/#respond Tue, 29 Aug 2023 01:22:38 +0000 https://medcitynews.com/?p=646818

Here is a selection of recent executive hires, promotions and layoffs occurring across the healthcare industry.

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Healthcare Moves: A Monthly Summary of Hires and Layoffs https://medcitynews.com/2023/07/healthcare-executive-layoffs/ https://medcitynews.com/2023/07/healthcare-executive-layoffs/#respond Sun, 30 Jul 2023 14:10:37 +0000 https://medcitynews.com/?p=643128

Here is a selection of recent executive hires, promotions and layoffs occurring across the healthcare industry.

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Why UnitedHealth Group Is Going All in on Amedisys https://medcitynews.com/2023/07/unitedhealth-optum-acquisition-home-care/ https://medcitynews.com/2023/07/unitedhealth-optum-acquisition-home-care/#respond Sun, 02 Jul 2023 13:32:07 +0000 https://medcitynews.com/?p=639993

UnitedHealth Group’s Optum is acquiring Amedisys through an all-cash transaction for $101 per share, the companies announced Monday. The move represents a continuing shift to home-based care, several experts said.

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Which Health Tech Companies Might Go Public or Get Acquired in 2023? https://medcitynews.com/2023/01/which-health-tech-companies-might-go-public-or-get-acquired-in-2023/ https://medcitynews.com/2023/01/which-health-tech-companies-might-go-public-or-get-acquired-in-2023/#respond Tue, 03 Jan 2023 21:48:11 +0000 https://medcitynews.com/?p=619081

As macroeconomic forces continue to negatively impact the healthcare sector, health tech experts predict that 2023 will be another slow year for the IPO market. However, they think consolidation deals will continue to be a constant, according to a new report.

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Regulators get it right in Optum-Change case, a proper target for antitrust enforcement https://medcitynews.com/2021/11/regulators-get-it-right-in-optum-change-case-a-proper-target-for-antitrust-enforcement/ https://medcitynews.com/2021/11/regulators-get-it-right-in-optum-change-case-a-proper-target-for-antitrust-enforcement/#respond Sun, 07 Nov 2021 16:00:29 +0000 https://medcitynews.com/?p=556712 lawsuit, sue, money,

In both word and action, the Biden administration has ushered in an aggressive new era […]

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SSM Health, Optum to enhance inpatient, RCM & digital services in new 10-year collaboration https://medcitynews.com/2021/10/ssm-health-optum-to-enhance-inpatient-rcm-digital-services-in-new-10-year-collaboration/ https://medcitynews.com/2021/10/ssm-health-optum-to-enhance-inpatient-rcm-digital-services-in-new-10-year-collaboration/#respond Mon, 11 Oct 2021 13:00:21 +0000 https://medcitynews.com/?p=553526

The St. Louis-based health system is collaborating with the UnitedHealth subsidiary to implement technology and processes that focus on improving care quality and reducing costs. Thousands of SSM Health employees will transition to Optum as part of the deal.

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Bassett Healthcare Network outsources IT, RCM operations to Optum https://medcitynews.com/2021/05/bassett-healthcare-network-outsources-it-rcm-operations-to-optum/ https://medcitynews.com/2021/05/bassett-healthcare-network-outsources-it-rcm-operations-to-optum/#respond Mon, 31 May 2021 14:00:16 +0000 https://medcitynews.com/?p=532865

The New York-based rural health system has entered into a collaboration to outsource its IT and revenue cycle management operations to Optum. Further, about 500 Bassett employees, who currently perform those functions, will be given the opportunity to transition to Optum.

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Providers, payers & startups are all looking for key pieces to solve the maternal care puzzle https://medcitynews.com/2021/05/providers-payers-startups-are-all-looking-for-key-pieces-to-solve-the-maternal-care-puzzle/ https://medcitynews.com/2021/05/providers-payers-startups-are-all-looking-for-key-pieces-to-solve-the-maternal-care-puzzle/#respond Sun, 16 May 2021 14:30:53 +0000 https://medcitynews.com/?p=530066 maternal health, pregnancy, maternal care,

America’s abysmal record on maternal care outcomes and equity has spurred the rise of startups as well as innovative strategies from providers and payers, each trying to solve a piece of the larger problem. But these entities will also need the help of policymakers to truly improve care in this arena.

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With telehealth, pharmacy offerings, Amazon starts to encroach on PBMs https://medcitynews.com/2021/03/with-telehealth-pharmacy-offerings-amazon-starts-to-encroach-on-pbms/ https://medcitynews.com/2021/03/with-telehealth-pharmacy-offerings-amazon-starts-to-encroach-on-pbms/#respond Fri, 26 Mar 2021 20:47:34 +0000 https://medcitynews.com/?p=521855

As Amazon starts to roll out its telehealth and pharmacy offerings, most big health systems and insurers don’t yet view it as a threat. But pharmacy benefit managers and vertically integrated payers will be keeping a watchful eye on the company as it starts to encroach on a slice of their business. 

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Telehealth, online pharmacy key focus for UnitedHealth, leaders say https://medcitynews.com/2021/01/telehealth-online-pharmacy-key-focus-for-unitedhealth-leaders-say/ https://medcitynews.com/2021/01/telehealth-online-pharmacy-key-focus-for-unitedhealth-leaders-say/#respond Thu, 21 Jan 2021 00:18:44 +0000 https://medcitynews.com/?p=511379

UnitedHealth’s 2020 revenue jumped by $15 billion from the year before. As the payer gears up for 2021, leaders except to see demand for telehealth and online pharmacies continue, driving their focus on these services.

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UnitedHealth Group’s Optum, Change Healthcare to combine in $13.5B deal https://medcitynews.com/2021/01/unitedhealth-groups-optum-change-healthcare-to-combine-in-13-5b-deal/ https://medcitynews.com/2021/01/unitedhealth-groups-optum-change-healthcare-to-combine-in-13-5b-deal/#respond Wed, 06 Jan 2021 18:56:22 +0000 https://medcitynews.com/?p=509780

Optum, a subsidiary of insurance giant UnitedHealth Group, agreed to buy healthcare technology company Change Healthcare for $13.5 billion in cash. The acquisition will add data analytics, research and revenue cycle management offerings to Optum’s service roster.

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Cigna, Humana lead $37.5M investment in Buoy Health https://medcitynews.com/2020/11/cigna-humana-lead-37-5m-investment-in-buoy-health/ https://medcitynews.com/2020/11/cigna-humana-lead-37-5m-investment-in-buoy-health/#respond Mon, 16 Nov 2020 17:48:01 +0000 https://medcitynews.com/?p=504185

The Boston-based startup developed a symptom checker that can also help navigate users to care in their insurance network. Optum Ventures is also one of its backers.

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Healthcare execs going all-in on AI, survey shows https://medcitynews.com/2020/11/healthcare-execs-going-all-in-on-ai-survey-shows/ https://medcitynews.com/2020/11/healthcare-execs-going-all-in-on-ai-survey-shows/#respond Fri, 06 Nov 2020 21:38:07 +0000 https://medcitynews.com/?p=503453

The survey, conducted by Optum, shows that healthcare executives’ confidence in AI is high, and most expect to soon see cost savings from implementing the technology. Further, a majority are looking to hire talent with experience developing AI.

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NaviHealth trades hands again with Optum acquisition https://medcitynews.com/2020/05/navihealth-trades-hands-again-with-optum-acquisition/ https://medcitynews.com/2020/05/navihealth-trades-hands-again-with-optum-acquisition/#respond Tue, 19 May 2020 18:44:52 +0000 https://medcitynews.com/?p=489038

OptumHealth acquired naviHealth, a startup developing a software platform to help manage post-acute care.   Cardinal Health sold a majority stake in the company two years ago.

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Report: Optum in talks to acquire AbleTo for $470M https://medcitynews.com/2020/04/report-optum-in-talks-to-acquire-ableto-for-470m/ https://medcitynews.com/2020/04/report-optum-in-talks-to-acquire-ableto-for-470m/#respond Mon, 27 Apr 2020 23:42:26 +0000 https://medcitynews.com/?p=487034

UnitedHealth Group’s Optum subsidiary is reportedly in advanced talks to acquire AbleTo. The company, which provides behavioral telehealth services, has seen an uptick in users during the pandemic.

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Optum drives UnitedHealth’s better-than-expected earnings https://medcitynews.com/2020/01/optum-drives-unitedhealths-better-than-expected-earnings/ https://medcitynews.com/2020/01/optum-drives-unitedhealths-better-than-expected-earnings/#respond Thu, 16 Jan 2020 07:36:02 +0000 https://medcitynews.com/?p=477401

UnitedHealth Group beat earnings expectations, bringing in earnings of $19.7 billion The health insurance giant saw its margins grow across most its business segments, though pharmacy and health services branch Optum saw the fastest growth, at 13.7 percent.

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5 ways the INVEST Digital Health conference in Minneapolis will focus on healthcare innovation https://medcitynews.com/2019/08/invest-digital-health-in-minneapolis/ https://medcitynews.com/2019/08/invest-digital-health-in-minneapolis/#respond Mon, 26 Aug 2019 13:30:19 +0000 https://medcitynews.com/?p=466262

The MedCity INVEST Digital Health conference in Minneapolis September 17 will advance the conversation around innovation in digital health from AI in healthcare, investment trends, and healthcare business models. Here’s a look at some of the highlights of the conference.

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Optum’s John Muir Health deal provides a new model for health system collaboration https://medcitynews.com/2019/07/optum-brings-john-muir-health-into-the-fold-through-new-partnership-model/ https://medcitynews.com/2019/07/optum-brings-john-muir-health-into-the-fold-through-new-partnership-model/#respond Thu, 18 Jul 2019 17:31:25 +0000 https://medcitynews.com/?p=464630

As part of the deal, Optum will take over non-clinical functions for the provider ranging from IT services, revenue cycle management, analytics and claims processing and bring on more than 500 John Muir Health employees.

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Report: UnitedHealth picks up healthcare payments company Equian in $3.2B deal https://medcitynews.com/2019/06/report-unitedhealth-picks-up-healthcare-payments-company-equian-in-3-2b-deal/ https://medcitynews.com/2019/06/report-unitedhealth-picks-up-healthcare-payments-company-equian-in-3-2b-deal/#respond Fri, 21 Jun 2019 17:01:52 +0000 https://medcitynews.com/?p=462707

Indianapolis-based Equian processes more than $50o billion in healthcare claims annually and works with nine out of the top 10 healthcare payers.

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Online therapy company Talkspace raises $50M, signs major deal with Optum https://medcitynews.com/2019/05/online-therapy-company-talkspace-raises-50m-signs-major-deal-with-optum/ https://medcitynews.com/2019/05/online-therapy-company-talkspace-raises-50m-signs-major-deal-with-optum/#respond Wed, 29 May 2019 21:21:31 +0000 https://medcitynews.com/?p=460205 Sad face depression

Interest and investment in the online therapy space has been ramping up as the technology has been positioned as a lever to address the larger issue of expanding access to behavioral health resources.

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Haven Chief Operating Officer Jack Stoddard leaving the company https://medcitynews.com/2019/05/haven-chief-operating-officer-jack-stoddard-reportedly-leaving-the-company/ https://medcitynews.com/2019/05/haven-chief-operating-officer-jack-stoddard-reportedly-leaving-the-company/#respond Fri, 17 May 2019 16:20:41 +0000 https://medcitynews.com/?p=459128

Stoddard told CNBC that the frequent travel between Haven’s Boston headquarters and his home in Philadelphia was taking a toll on his personal and family life

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How Haven’s hires hint at the healthcare organization’s larger ambitions https://medcitynews.com/2019/03/how-havens-hires-hint-at-the-healthcare-organizations-larger-ambitions/ https://medcitynews.com/2019/03/how-havens-hires-hint-at-the-healthcare-organizations-larger-ambitions/#respond Sun, 17 Mar 2019 14:00:45 +0000 https://medcitynews.com/?p=452791

According to a CNBC report, Haven’s latest executive addition is Sandhya Rao, who will serve as the organization’s VP of Clinical Strategy.

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Federal judge sides with Amazon-Berkshire-JPMorgan healthcare venture in legal dispute with Optum https://medcitynews.com/2019/02/federal-judge-sides-with-amazon-berkshire-jpmorgan-healthcare-venture-in-legal-dispute-with-optum/ https://medcitynews.com/2019/02/federal-judge-sides-with-amazon-berkshire-jpmorgan-healthcare-venture-in-legal-dispute-with-optum/#respond Mon, 25 Feb 2019 21:27:10 +0000 https://medcitynews.com/?p=451525

In a ruling Friday, U.S. District Court Judge Mark Wolf denied Optum’s request for a temporary restraining order that would have stopped ex-executive Dave Smith from joining the healthcare venture.

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Unsealed testimony sharpens focus of Amazon-Berkshire-JP Morgan healthcare venture https://medcitynews.com/2019/02/unsealed-testimony-sharpens-focus-of-amazon-berkshire-jp-morgan-healthcare-venture/ https://medcitynews.com/2019/02/unsealed-testimony-sharpens-focus-of-amazon-berkshire-jp-morgan-healthcare-venture/#respond Thu, 21 Feb 2019 19:07:37 +0000 https://medcitynews.com/?p=451165

According to ABJ COO Jack Stoddard, the initial focus of the collaborative is gathering data and researching the levers that drive costs and prices in healthcare.

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Optum sues to protect trade secrets from Amazon-Berkshire-J.P. Morgan venture https://medcitynews.com/2019/01/optum-sues-to-protect-trade-secrets-from-amazon-berkshire-j-p-morgan-venture/ https://medcitynews.com/2019/01/optum-sues-to-protect-trade-secrets-from-amazon-berkshire-j-p-morgan-venture/#respond Thu, 24 Jan 2019 01:38:17 +0000 https://medcitynews.com/?p=449641

Optum said in the suit that due to the nature of his position, former executive David Smith was one of fewer than 50 people at the company with access to Optum’s consolidated set of profit and loss statements at a product-line level.

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UnitedHealth Group cuts purchase price for DaVita assets by $560M https://medcitynews.com/2018/12/unitedhealth-group-cuts-purchase-price-for-davita-assets-by-560m/ https://medcitynews.com/2018/12/unitedhealth-group-cuts-purchase-price-for-davita-assets-by-560m/#respond Tue, 18 Dec 2018 20:19:44 +0000 https://medcitynews.com/?p=448648 Office workstation top view of business people working around M&A, keyboard, calculator, phablet and money on wooden table - merger and acquisition concept

The companies said the new price was due to a decline in the financial status of the medical group, along with a desire to expedite the process of obtaining clearance from the Federal Trade Commission. 

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Aetna and Ascension join blockchain pilot project for better provider directories https://medcitynews.com/2018/12/aetna-and-ascension-join-blockchain-pilot-project-for-better-provider-directories/ https://medcitynews.com/2018/12/aetna-and-ascension-join-blockchain-pilot-project-for-better-provider-directories/#respond Tue, 04 Dec 2018 22:23:53 +0000 https://medcitynews.com/?p=448141

Keeping health plan provider directories current is a major administrative and cost burden for the industry, with an estimated $2.1 billion spent annually across the healthcare system to acquire and maintain provider data.

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What are the barriers and drivers for technology in mental health treatment? https://medcitynews.com/2018/11/what-are-the-barriers-and-drivers-for-technology-in-mental-health-treatment/ https://medcitynews.com/2018/11/what-are-the-barriers-and-drivers-for-technology-in-mental-health-treatment/#respond Wed, 07 Nov 2018 01:24:25 +0000 https://medcitynews.com/?p=447321

Panelists at the MedCity Engage conference in San Diego agreed that a growing shortage of mental health professionals mean that technology has a key role to play in improving behavioral health treatment.

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Report: Anthem nabs Google, Amazon vet as head of its new AI group https://medcitynews.com/2018/10/report-anthem-nabs-google-amazon-vet-as-head-of-its-new-ai-group/ https://medcitynews.com/2018/10/report-anthem-nabs-google-amazon-vet-as-head-of-its-new-ai-group/#respond Thu, 25 Oct 2018 01:09:29 +0000 https://medcitynews.com/?p=446957 Abstract 3D network in future

Most recently, Udi Manber has served as a healthcare researcher and faculty member at the National Institutes of Health and at UC San Francisco.

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UnitedHealth Group launching portable EHR for members by the end of 2019 https://medcitynews.com/2018/10/unitedhealth-group-launching-portable-ehr-for-members-by-the-end-of-2019/ https://medcitynews.com/2018/10/unitedhealth-group-launching-portable-ehr-for-members-by-the-end-of-2019/#respond Mon, 22 Oct 2018 22:10:38 +0000 https://medcitynews.com/?p=446843 Digital health, Big Data Cloud Computing, Cloudscape, Cloud - Sky, Technology, Computer Software, Business, Solution, Connection, Security, Concepts, Security System, Wireless Technology, Internet, Communication, Network Server, Marketing, Mobile Phone, Innovation, Ideas, Finance, Computer, Portable Information Device,

UnitedHealth Group CEO Dave Wichmann laid out the company’s plan to launch “fully integrated and fully portable individual health record” on an earnings call last week.

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