Optum
American healthcare services provider / From Wikipedia, the free encyclopedia
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Optum, Inc. is an American healthcare company that provides technology services, pharmacy care services (including a pharmacy benefit manager) and various direct healthcare services.
Company type | Subsidiary |
---|---|
Industry | Healthcare |
Founded | 2011; 13 years ago (2011) |
Headquarters | , U.S. |
Key people | Heather Cianfrocco (CEO) Andrew Witty (CEO of parent company, UHG) |
Services | Pharmacy benefit manager Health care provider |
Revenue | US$ 226.6 billion (2023)[1] |
Parent | UnitedHealth Group |
Website | www |
Optum was formed as a subsidiary of UnitedHealth Group in 2011 by merging UnitedHealth Group’s existing pharmacy and care delivery services into the single Optum brand, comprising three main businesses: OptumHealth, OptumInsight and OptumRx.[2] In 2017, Optum accounted for 44 percent of UnitedHealth Group's profits.[3] In 2019, Optum's revenues surpassed $100 billion for the first time, growing by 11.1% year over year, making it UnitedHealth’s fastest-growing unit at the time.[4][5]
In early 2019, Optum gained significant media attention regarding a trade secrets lawsuit that the company filed against former executive David William Smith, after Smith left Optum to join Haven, the joint healthcare venture of Amazon, JPMorgan Chase, and Berkshire Hathaway.[6]