Tag Archives: UnitedHealth

UnitedHealth kicks off Q1 earnings season with 44% profit jump

Dive Brief: Despite the coronavirus pandemic, UnitedHealth Group posted revenue and profit growth in the first quarter, driven by strong growth in insurance products for seniors and its health services segment. The Minnetonka, Minn.-based health management behemoth handily beat Wall Street expectations for earnings and revenue, bringing in $ 70.2 billion in the first quarter, up… Read More »

UnitedHealth says Q3 volume rebounds, net income down on consumer price breaks

Dive Brief: UnitedHealth Group bested Wall Street expectations and reported a lower-than-expected medical cost ratio of 81.9% for the third quarter as members continue to delay care amid the pandemic. Although utilization is not back to normal, it is hovering around 95% of pre-pandemic levels, considerably higher than the second quarter, executives said Wednesday. The… Read More »

UnitedHealth Group’s Andrew Witty to join WHO vaccine efforts

Sir Andrew Witty, president of UnitedHealth Group and CEO of Optum, is taking a leave of absence to co-lead a global effort of the World Health Organization to accelerate the development of a COVID-19 vaccine. Witty’s appointment to the position with WHO is effective April 20. During Witty’s temporary assignment, UnitedHealth Group CEO David Wichmann… Read More »

UnitedHealth Group names Dirk McMahon CEO of UnitedHealthcare

Dirk McMahon Dirk C. McMahon, currently president and chief operating officer of Optum, is becoming CEO of UnitedHealthcare and Daniel J. Schumacher, the current president and COO of UnitedHealthcare, is becoming president and chief operating officer of Optum, UnitedHealth Group has announced. McMahon follows Steve Nelson, who is retiring from UnitedHealthcare as its CEO after… Read More »