United Health Group Inc
Stock Symbol: UNH
P.O. Box 1459
United Health Group Inc Industry:
Insurance (Accident & Health)
United Health Group Inc Description:
UnitedHealth Group Incorporated provides health care services in the United States. It operates in four segments: Uniprise, Health Care Services, Specialized Care Services, and Ingenix. Uniprise segment provides a range of employer business services to meet the needs of national employers and health plans. Health Care Services segment offers network-based health care services through its AmeriChoice, Ovations, and UnitedHealthcare businesses. Specialized Care Services segment offers health and wellness benefits, services, and resources. It provides chiropractic care, physical therapy, complementary medicine, and health and wellness services; integrated personal health management solutions, including consumer health information, education, and decision support services; and life, disability, dental, stop-loss, and critical illness insurance for employers and their employees. Ingenix segment provides a range of data and software analytics, warehousing, and technology services and products that help the customers in delivering health care services. The company’s customers include pharmaceutical, biotechnology, and medical device companies; health insurers and other payers; physicians and other health care providers; large employers; and government agencies. As of December 31, 2004, the company provided health care services and resources to individuals through approximately 460,000 physicians and 4,200 hospitals. UnitedHealth Group was created in 1977 under the name United HealthCare Corporation and changed its name to UnitedHealth Group Incorporated in 1998. UnitedHealth Group is based in Minnetonka, Minnesota.
United Health Group Inc Financial Summary:
For the nine months ended 30 September, 2005, UnitedHealth Group, Inc.'s revenues increased 25% to $33.32B. Net income for the period increased 31% to $2.43B. Revenues reflect growth in premium yield and people served in the commercial health benefit business. Higher earnings reflect advances in quality and productivity, along with the benefits of an increase in business scale.
United Health Group Inc Business Summary:
UnitedHealth Group Incorporated is a diversified health and well-being company, serving approximately 55 million Americans. The Company provides individuals with access to healthcare services and resources through more than 460,000 physicians and other care providers, and 4,200 hospitals across the United States. It manages approximately $60 billion in aggregate annual healthcare spending on behalf of more than 250,000 employer-customers and the consumers it serves. The Company conducts its business primarily through four operating divisions: Uniprise, Health Care Services, Specialized Care Services and Ingenix. On July 29, 2004, the Health Care Services business segment acquired Oxford Health Plans, Inc. (Oxford). Oxford provides healthcare and benefit services for individuals and employers, principally in New York City, northern New Jersey and southern Connecticut.