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February 4, 2024
Optum didn't build hospitals — it hired their employees
Beckers Hospital Review
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Contributed by: Bill Russell
Summary
In 2018, former UnitedHealth Group CEO David Wichmann ruled out building or owning hospitals for Optum's growth strategy. Instead, the plan focused on managing administrative services for health systems for Optum Care's $100m goal by 2028. By 2024, Optum had signed nine partnerships, including Allina Health, and hired their employees to support the systems. Wichmann had also said Optum wouldn't buy post-acute care facilities, but the company now owns naviHealth, a post-acute management organization, and bought LHC Group, a home health provider, in 2023. Optum also plans to buy Amedisys, a home and hospice care provider, for $3.3 billion. Optum's revenue exceeded $226 billion in 2023, with Optum Health surpassing $95 billion.
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