UnitedHealth Group ended the first quarter of 2020 with a $3.4 billion profit, according to financial results released April 15.
UnitedHealth said its first-quarter results "reflect minimal impact from the progression of the COVID-19 virus across the U.S." as coverage expansions and funding initiatives largely took place at the back end of the quarter. UnitedHealth committed to accelerating payments to providers and funding other initiatives during the COVID-19 pandemic.
In the first quarter of this year, UnitedHealth saw overall revenue grow 6.8 percent year over ye...
The Fifth Circuit has stood by its decision to uphold receiver settlements resolving Stanford Ponzi scheme-related claims against two insurance brokers for a combined $133 million, a ruling that objectors argued contradicted an earlier rejection of a $65 million deal with a group of insurance underwriters.
In opinions issued Thursday, a three-judge panel of the appeals court reached the same conclusion as it did in July to affirm the approvals of the two global settlements, which require Bowen Miclette & Britt Inc. and Willis to pay $12.85 million and $120 million...
To an outsider, the fancy booths at a June health insurance industry gathering in San Diego, Calif., aren't very compelling: a handful of companies pitching "lifestyle" data and salespeople touting jargony phrases like "social determinants of health."
But dig deeper and the implications of what they're selling might give many patients pause: a future in which everything you do — the things you buy, the food you eat, the time you spend watching TV — may help determine how much you pay for health insurance.
With little public scrutiny, the health insurance industry has...
In his new job overseeing health coverage for 1.2 million workers and their families, Atul Gawande says he hopes to find specific ways to make health care more efficient and the solutions exportable.
Dr. Atul Gawande, the surgeon-writer-researcher chosen to lead a joint health venture by three prominent employers who hope to bring down health costs, says his biggest goal is to help professionals "make it simpler to do the right thing" in delivering care to patients.
Gawande elaborated a bit on what that means at the Aspen Ideas Festival this week, just days after bei...
Five healthcare organizations — Humana, UnitedHealthcare, Optum, Quest Diagnostics and MultiPlan — have unveiled a blockchain-based effort that aims to tackle provider data challenges.
Currently, healthcare organizations usually keep separate copies of provider directories at hand. This makes it difficult to give patients the right information about their physician when they need it, and even more taxing to double-check data when differences between the directories emerge.
Thus, the five members of the project will explore how blockchain technology can be used t...
Amazon, JPMorgan Chase and Berkshire Hathaway entered the healthcare arena Tuesday with their collaboration on a new company designed to cut healthcare costs for their U.S. employees.
This move has been a long time coming for Amazon, which has increased its involvement in healthcare-related ventures over the last few years, leaving multiple media outlets to speculate about a potential healthcare industry entrance.
Here is a breakdown of Amazon's healthcare ventures, investments and hirings reported by Becker's Hospital Review since mid-2016.
What you will be discussing about big data in a year will be very different from today's conversations.
We’ve recently seen data science shift markedly from a peripheral capability to a core function, with larger teams tackling increasingly complex analytics problems. We’ve watched rapid advances in data science platforms and their big implications for data and analytics teams. But what surprises are in store in the realm of data, analytics and machine learning going forward?
What new developments in data science will we be talking about in a year?
BURLINGTON, Vt. (AP) - One of the country’s largest vendors of electronic health records will pay a $155 million settlement to resolve allegations it caused health care providers to submit false claims to the federal government, the U.S. Department of Justice and federal prosecutors in Vermont announced Wednesday.
The acting U.S. attorney for Vermont said eClinicalWorks, of Westborough, Massachusetts, and three executives will pay the settlement to resolve allegations the company misrepresented the abilities of its software and paid kickbacks to some customers in ex...