UHG Performance Management

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,

Mission statement: Our mission is to help people live healthier lives and to help make the health system work better for everyone.

Clarity of job role/performance expectations: jointly agreeing targets/objectives that are clear, fulfilling and stretching will motivate employees. Successful performance management processes measure performance against targets, provide regular feedback and positive reinforcement and work collaboratively with employees to evaluate performance, development needs and future aims and objectives.

The goal of universal healthcare is to ensure that every person in the world has access to basic affordable healthcare. The World Health Organization takes that concept a step further and has declared that healthcare is fundamental basic human right that should be equally provided for all people. The United States has been one of the last countries in the world to try to implement a universal healthcare

united health care is health insurance for those who have low income, pregnant, children, elderly or a disability. united health insurance is the largest single health carrier in the united states. This type of health insurance has Medicare and Medicaid but the are tow different government run programs that were created in 1965 in response to the inablility of older and low-income americans to buy private health

Performance management relates to an organization’s ability to implement a system to evaluate and advance employee performance. Achieving peak performance requires consistency, clear objectives, and constructive employee evaluation. According to Mithas, Ramasubbu, & Sambamurthy (2011), an organization must design the performance management system based on extensive research about the organization’s mission, and then properly communicate the purpose of the system to employees, stakeholders, and decision makers. After the performing the research, the information should be used to establish the appropriate performance management specialized for the organization. In addition, an effective performance management system should align

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

Performance management is a tool that managers use to ensure that their companies remain at the top of their competitive edge. The Chartered Institute for Personnel Development (CIPD, 2008), defines performance management as a method by which individuals and teams are managed in a way that achieves high performance at an organisational level. The individuals within the organisation share an understanding of the achievement goals of the organisation. In order to achieve this, a general strategy is created, with each individual within the organisation understanding his or her role and requirements within such a strategy

* The individual’s performance and development should be seen as a joint partnership between the line manager and the individual. Development of goals and objectives which are incorporated into individual job descriptions, person specification and work situation’s provide performance level criteria.

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.

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.

Performance management aims at developing individuals with the required commitment and competencies for working towards the shared meaningful objectives within an organizational framework. (Lockett1992)