Optum revenues jump 13.4%, hitting $28B in Q2

Minnetonka, Minn.-based UnitedHealth Group reported diversified growth in the second quarter of 2019, with Eden Prairie, Minn.-based Optum revenues hitting $28 billion.

Five insights on Optum's performance:

1. Optum revenues grew by 13.4 percent, or $3.3 billion, year over year.

2. Optum's second-quarter 2019 earnings from operations hit $2.1 billion. The 13.8 percent increase over second-quarter 2018 earnings was driven by strong revenue growth and operating margin performance.

3. OptumHealth revenues reached $7.1 billion in the quarter. Strong, diverse growth across care delivery, behavioral health and health financial services drove the $1.2 billion revenue increase.

4. OptumHealth served about 95 million people as of June 30.

5. Average revenue per consumer was up 17 percent year over year, driven by an increase in value-based care arrangements and continued demand for OptumHealth's expanding offerings.

6. Optum had no year-over-year change in operating margin, reporting 7.5 percent for the second quarters of 2018 and 2019.

Five insights on UnitedHealth Group's performance:

1. UnitedHealth Group's second-quarter revenues grew $4.5 billion, or 8 percent year over year, to $60.6 billion. Revenue growth was led by double-digit percentage revenue growth at UnitedHealthcare Medicare & Retirement, OptumRx and OptumHealth.

2. UnitedHealth Group's second-quarter earnings from operations were $4.7 billion, up $540 million year over year. Adjusted net earnings increased to $3.60 per share.

3. For UnitedHealthcare, revenues grew by $2.7 billion, or 6 percent, to reach $48.6 billion in the second quarter.

4. UnitedHealthcare's second-quarter 2019 earnings from operations reached $2.6 billion, up 12.1 percent year over year.

5. UnitedHealthcare added 705,000 customers to its network in the past year, including a greater mix of people with higher-acuity conditions.

More articles on surgery centers:
5 interesting ASC company partnerships to know
Minnesota hospitals challenge Blue Cross policy shifting services to ASCs
Regent Surgical Health, Conformis partner to cut ASC joint replacement costs 

© Copyright ASC COMMUNICATIONS 2019. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Top 40 Articles from the Past 6 Months