UnitedHealth Group continues to enjoy steady progress across its major business units. Over the past two years United has worked to strengthen and accelerate its investments in its core health insurance and health services (Optum) units. This disciplined approach has resulted in both top-line and bottom-line growth growth for the organization on a year-over-year basis, with primary growth coming from the senior and public sectors, as well as from strong results in Optum. Membership for the third quarter was unchanged sequentially from 2Q14 with medical membership holding steady at 44.9 million members.
High Level Financial and Membership Trends
UnitedHealth Group’s revenues for 3Q14 were $32.8B, up 7% year-over-year, producing $2.9B
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Under this approach, as an example, United averages on any given day about 27,000 members in an inpatient setting and another 14,000 members receiving services in a skilled nursing facility. These members are managed by 2,000 clinical employees working with attending physicians to achieve optimal quality outcomes and having proper discharge plans in place when members leave the facilities in order to prevent unnecessary readmissions. United also expects to make one million house calls and home visits for its Medicare members aimed at enhancing adherence in care plans and closing care gaps.
On the network side, United now considers value-based contracting (VBC) to be “fundamental” to the company and will have grown its VBC from $13 billion annually in 2011 to $35 billion by the end of 2014. Looking forward, United expects VBCs to be worth $65 billion by 2018. Value-based contracts are at the center of United’s affordability efforts and are the key driver in controlling medical costs as the change in the unit cost of services accounts for two-thirds to three-quarters of the company’s overall cost trend.
United’s consumer engagement efforts are aimed at changing the industry’s approach to transparency and access to information that enables members to make informed decisions about their care, where it is provided and by whom it is provided. Current consumer engagement tools allow members to access
“There are three basic goals for a National Health Care System; 1) keeping people healthy, 2) treating the sick and 30 protecting families against financial ruin from medical bills”, (Physicians for a National Health Program, 2016). No truer statement could there possibly be written or proclaimed as there is a crisis in healthcare costs across the United States. United States, one of the most developed western country, yet we suffer from – higher infant mortality rates, have shorter life spans and are affected by more chronic disease and or illness – than our contemporaries all while spending the most for insurance per capita and less annual doctor visits with less physicians, (OECD Health Data 2015). There is a question to be answered, “why”, why are we trailing our contemporaries and more important than that is, is our National Health Care system really working for us? The year 2010 was the beginning of change in the United States where we transitioned from primarily private insurance and welfare to a universal healthcare model, under President Obama with the signing into Law of the Affordable Health Care Act March of 2010. The purpose of the Affordable health care act is to ensure that all Americans have access to affordable healthcare, however in 2016 we are still questioning we’ve been successful based on funding, government sponsored healthcare programs, effects on the current HCO, elderly, military and accessibility.
PetSmart is one of the largest specialty pet retailers of service and solutions for the lifetime of pets. More than 1008 stores are open in the United States and Canada that provide pet foods and supplies that are priced reasonably. PetSmart provides all types of services for pets including pet training, pet grooming, pet boarding and adoption services. In addition to providing impressive value PetSmart has the broadest, deepest product range in the industry, including thousands of products exclusive only to PetSmart. Every year PetSmart takes care of the grooming for hundreds of thousands of pets in what PetSmart calls its PetSmart Salons. These animals are groomed and pampered by stylist who have
The mission of UnitedHealthcare Group is to “help people live healthier lives” with access, quality and affordability. They are committed to continual improvement and the delivery of quality care by investing approximately $3 billion in business process improvements, research development, and technology within the past five years. In addition to reinvesting the revenues in innovative technologies, research and other improvements to better serves its consumers, UnitedHealthcare Group is also committed to social responsibility through employee involvement,
As the new vice President of Mayo Clinic, conducting a marketing plan is a must in order to make a better tomorrow for this clinic. Before targeting any specific country, Mayo Clinic needs to increase its brand awareness. If people overseas do not know about them, they will not trust them. Therefore, they will be unwilling to leave their current healthcare and physician. The countries that need to be targeted are countries with poor to no healthcare system. As the case stated, people simply are unwilling to leave their home country to obtain medical care elsewhere. They would much rather stay with their private healthcare and physician that they already feel comfortable with. Unless it is for a big operation or something that is extremely costly, international patients will just not consider coming to the U.S. Yes, word of mouth is the most powerful marketing tool, but when dealing globally, it just doesn’t help as much.
pp members are also eligible for other promotions and prizes. We also conduct in-store sales promotions in association with The sigma Company. Promotional products include sigma glasses, soft toys and books
The Better Health Association is a nonprofit company whose objective is simply to increase the health of people through health education, guidance, and diagnosis screening programs. They make an attempt to assist audiences of any age and socioeconomic ranges to gain knowledge of living an even healthy life-style and creating the know-how required to develop healthy and balanced choices. "My role within the company is to secure agreements from at least three major area advertising and marketing agencies to underwrite the creation and production of all Better Health special event programs for the next three to four years. I also, create an active and positive presence for the agency in state-of-the-art social media venues that results in recruitment and assistance to new clients. Monitor and track results quarterly. In addition to, developing systematic marketing plans that address every operational area of Better Health including client services, all fund raising events and general association promotion in all media venues" (https://bluequill.franklin.edu, n.d.).
The short term decision to start in a limited area and then only grow by one state in 2015 may have served the purpose of limiting risk during a time of uncertainty, however, in the long term, penetrating into new markets may be difficult because individuals currently enrolled are automatically re-enrolled at the end of the period. For Aetna, it may be harder to pull a member from a plan that they currently have. The largest healthcare insurance company UnitedHealth was more conservative than Aetna in the first two years, with participating starting in five states in year one then increasing to 24 in year two. With the addition of UnitedHealth in the same markets as Aetna and the unknown risks associated with new enrollees for the 2015 plan year, the short term could be crucial for Aetna. If Aetna is able to add to 2014’s positive results, and increase membership in markets that UnitedHealth entered, it will go a long way toward their long term goals of increasing membership in the individual and small group sector (Demko, 2014).
SEIU-UHW is a powerful, cutting-edge union of healthcare workers leading for better health, quality care, and good jobs. With 80,000 to 90,000 thousand members working in nearly every part of the healthcare industry, SEIU-UHW is the premiere, pre-eminent front-line voice on healthcare in California and has members with a creative, innovative and bold strategies to improve healthcare workers’ standard of living and make California the healthiest state in our nation; but can only make it happen with great members, Organizers and leaders utilizing award winning strategies and education campaigns and plans to reach the masses of workers throughout California.
In addition, UnitedHealth Group distributes Medicare prescription drug benefits (Part D) to recipients throughout the United States through its Medicare Advantage plan. It is also serving approximately Four million senior citizens through different Medicare Supplement products due to its collaboration with AARP.
In the near future, Universal Health Services (NYSE: UHS) would be an ideal organization to be employed by. Universal Health Services is an excellent publically traded organization who serves the community in the healthcare market industry. In the healthcare industry, it is vital that an organization’s budget plan and control be retained and handled precisely within the company. Budget planning allows an organization to implement a goal for the business through staffing, organization, and direction.
This paper outlines the key factor in Universal Health Services an assessment of the Universal Health Services, financial report from the prior year’s. Universal Health Services was established in during the 20th century. This corporation involves numerous medical facilities, behavioral institution, both surgical and acute care hospitals, along with diagnostic treatment facilities. Universal Health Services (NYSE: UHS) is one of the primary provider of health care services (Baker, 2014). As the recently elected CFO, an internal assessment of the corporation’s financial account should be reviewed. An explanation of the statement is supplied so that the vested investors comprehend any financial objectives and, or strategies that’s a
United Healthcare assesses that it services approximately 70 million Americans . Its entire system spans 676,287 physicians and health care professionals, 80,000 dentists and 5,190 hospitals, whilst their pharmaceutical management provides more affordable drugs to 13 million people.
UnitedHealth Group is a diversified health care company, and a worldwide leader in helping people live healthier lives and taking the necessary steps in making the health system work better for everyone. The UnitedHealth group serves more than 85 million individuals worldwide with health benefits and services. In 2012, they produced revenues of $110.6 billion and were ranked number 17 in the Fortune 500. The economic and political segments would rank the highest in influencing the UnitedHealth Group.
In all of the U.S, United Healthcare is the only health carrier that has been working towards improving the effectiveness as well as quality of healthcare for people belonging to all the various nations. This organization has been trying to make the medicines more accessible to the people who need them; they have been trying to implement the services that could be used by the masses not only in terms of cheaper costs but better accessibility as well.
UOB has been the market leader in the field of credit and debit card businesses since it was established in Singapore in year 1935. Through its long historic accomplishment, it is now the leading bank in the Asia Pacific Region.