Optum nets $56B in Q3: 5 insights

UnitedHealth Group’s Optum division earned $56.7 billion in total revenue in the third quarter of 2023 — an increase of 22% year over year, according to the company’s quarterly financial report

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Optum owns SCA Health, an ASC operator with more than 320 surgical facilities and 9,200 physicians.

Here are four additional things to know about Optum’s third-quarter performance:

1. Optum’s operating earnings in the third quarter were $3.9 billion, compared to $3.7 billion in the same period last year. 

2. Optum’s revenue increased 29% year over year.

3. Optum’s revenue per patient increased by 27%, which the company attributed to growth in patients treated under value-based payment models and Optum’s expansion into different levels and types of care. 

4. Optum Health’s third quarter revenue grew from $18 billion last year to $23.9 billion this year, and the company has earned $70.8 billion this year to date.

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