OptumHealth is a national leader in health and wellness services. Employers, payers and public sector organizations use OptumHealth behavioral benefit solutions, clinical care management, financial services and specialty benefits such as dental and vision. OptumHealth helps consumers navigate the health care system, finance their health care needs and achieve their health and well-being goals.
Third quarter revenues of $1.4 billion grew $121 million or 9 percent year-over-year for OptumHealth. Recent growth trends continued, with year-over-year revenue growth from large scale public sector care and behavioral health programs mitigating revenue losses associated with the UnitedHealthcare commercial membership decline. During the third quarter OptumHealth initiated services for approximately one-half million people covered by public sector behavioral health programs. OptumHealth ™s third quarter earnings from operations of $172 million declined slightly year-over-year. OptumHealth Financial Services, the Company ™s dedicated health banking organization, ended the third quarter serving 1.8 million consumer accounts, up 10 percent year-over-year. OptumHealth Financial Services ™ connectivity network now represents nearly 500,000 care providers, an increase of 125,000 providers year-to-date. This business electronically transmitted $9.5 billion in medical payments to physicians and care providers in the quarter, up 40 percent year-over-year. OptumHealth continues to advance pioneering telehealth initiatives on behalf of employers, states and other health care partners. Applying Internet network technology, these innovative programs help connect patients to care providers and care providers to one another in ways that improve access to and effectiveness of health care. State-based programs have been launched in Colorado, Minnesota and New Mexico.Business Description “ Ingenix
Ingenix is a leader in the field of health care information, services and consulting, serving physicians, hospitals and other health care providers, large employers and governments, health insurers and other benefits payers and pharmaceutical companies.
Ingenix revenues of $481 million increased $98 million or 26 percent year-over-year in the third quarter of 2009. The Ingenix contract revenue backlog increased 15 percent on a year-over-year basis to $2.1 billion at September 30, 2009. Continued growth in payer and governmental client business across many product categories more than offset a year-over-year decline in pharmaceutical research services backlog. Ingenix third quarter operating earnings increased $7 million or 12 percent year-over-year to $64 million while operating margin decreased 160 basis points year-over-year to 13.3 percent. Third quarter margins were impacted in part by investments in new product development for international markets.Business Description “ Prescription Solutions
Prescription Solutions offers a comprehensive array of pharmacy benefit management and specialty pharmacy management services to employer groups, union trusts, seniors and commercial health plans.
Prescription Solutions third quarter revenues of $3.6 billion increased $504 million or 16 percent year-over-year, driven by strong growth in consumers served. Third quarter earnings from operations grew $105 million year-over-year to $196 million. First half 2009 earnings trends continued in the third quarter, with increased earnings driven by script volume growth, improved drug purchasing, steady gains in mail service drug fulfillment, and a continuing favorable mix shift to generic pharmaceuticals, which exceeded 69 percent of total volume in the quarter. These factors lifted Prescription Solutions third quarter operating margin to 5.5 percent. During the third quarter Prescription Solutions was recognized for service and value. J.D. Power and Associates awarded Prescription Solutions the highest rankings for customer service and cost competitiveness among mail order pharmacies in their 2009 National Pharmacy StudySM.unitedhealthgroup/main/default.aspx