Here are five things to know:
1. OptumHealth, which includes OptumCare and Surgical Care Affiliates, reported revenues of $24.1 billion, a 17.4 percent increase year over year. The company attributed its performance to growth in care delivery, behavioral health services, digital consumer engagement and health financial services.
2. In 2018, OptumHealth served 93 million people, a 6 percent increase over 2017.
3. Optum reported an 8.1 operating margin at the end of last year, and full-year earnings from operations grew 22.6 percent to $8.2 billion..
4. OptumInsights reported 11.4 percent revenue growth last year, hitting $9 billion. It’s contract backlog of $17 billion grew 13.3 percent in 2018.
5. OptumRx revenue hit $5.8 billion, a 9.1 percent increase year over year.
Andrew Witty, CEO of Optum, mentioned in the quarterly earnings call that he was “thrilled” with the progress of OptumHealth and it’s ASCs. “I would expect roll out and extend those networks over the next several years,” he said.
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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.