What is Foolsaurus?

It's a glossary of investing terms edited and maintained by our analysts, writers and YOU, our Foolish community. Get Started Now!


UnitedHealth Group

UnitedHealth Group (NYSE: UNH) is a healthcare services provider. It provides insurance and health services to various-sized businesses. It was founded in 1974 and is headquartered in Minnetonka, Minn.

Company Description

The company operates in four primary segments.

Segments

Health Care Services

This segment offers health insurance and services, administrative and management services to employers who self-insure, and non-employer-based insurance for people to buy. It has a branch specializing on people 50 years and older (insurance, preventive and acute health care, chronic disease, and other needs of the elderly). It also provides network-based health and well-being services to both the insured and government-sponsored health care programs. It focuses on small- and mid-sized businesses.

OptumHealth

Going the route of personalized health advocacy and special benefits (behaviroal, dental, and vision), this segment provides health and financial services to individuals and organizations. The financial services include administration of things like flexible spending accounts. It also provides electronic payment and statement services to doctors.

Ingenix

The segment offers database and data management services, publications, consulting, and outsourcing for various companies, as well as pharmaceutical development and consulting. Customers include physicians, payers and intermediaries, large companies (including life science companies), and government entities. It also helps organize and manage clinical trials for drug-developers.

Prescription Solutions

This part provides integrated pharmacy benefit and specialty pharmacy benefit management to employers, unions, and the elderly. It provides both medicare prescription drug plans and commercial health plans.

Management

  • CEO and President: Stephen J. Hemsley
  • CFO: George L. Mikan III
  • Founder and chairman: Richard T. Burke, Sr.

Competitors

Health insurance

  • Aetna
  • Cigna
  • Coventry Health Care
  • Health Net
  • Humana
  • Kaiser Permanente
  • WellPoint.

Prescription

  • Medco Health Solutions
  • CVS/Caremark
  • Express Scripts


Related Companies

Recent Mentions on Fool.com

Failed to load RSS feed from http://www.fool.com/feeds/tickerfeed.aspx?s=UNH&count=5!
Advertisement