Optum’s busy start to 2023: 3 moves ASCs need to know

Optum has inked two major deals and reported a jump in revenue since the beginning of 2023. 

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Here are three moves to know:

1. Optum Health reported big financial gains last year and drove a 17 percent increase in Optum’s overall revenue. Optum reported $47.9 billion revenue for the fourth quarter of 2022 and $182.8 billion for the full year. Optum Health’s revenue hit $18.4 billion revenue in the fourth quarter and $71.1 billion for the full year, a 31.6 percent increase over 2021.

2. Optum took over revenue cycle management and information technology operations of Owensboro (Ky.) Health. The agreement to take over the health system’s operations will result in 575 of the healthcare system’s employees moving to Optum in April. 

3. Brewer, Maine-based Northern Light Health is working to transfer 1,400 of its employees to Optum. The office-based employees — including those in revenue cycle management, information systems, inpatient care management, analytics, project management and supply chain roles — will keep their jobs, although they will now be employees of Optum. 

At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.

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Is ambulatory care healthcare’s big margin engine? 4 leaders weigh in

Wednesday, July 29
1:00 PM - 2:00 PM CDT

Presenters: Joe Ganley, athenahealthJeffrey Flynn, CASC, Gramercy Surgery CenterBryan Tsao, Access Center, Loma Linda University HealthJason Zepeda, Northridge Hospital Medical Center, CommonSpirit HealthGreg DeConciliis, PA-C, CASC, Boston Out­Patient Surgical Suites

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