UnitedHealth Group reported a $5.6 billion first quarter profit as the healthcare giant’s UnitedHealthcare insurance plans and Optum medical provider businesses grew by double-digits.
... [+]
UnitedHealthcare insurance plans and Optum medical provider businesses grew by “double-digit” percentages, the company said Friday, April 14, 2023. UnitedHealth Group Inc. signage is displayed on a monitor on the floor of the New York Stock Exchange in New York, U.S., on Tuesday, Jan. 3, 2017. Photographer: Michael Nagle/BloombergUnitedHealth Group reported a $5.
Friday’s first quarter report signaled 2023 may be another good year for UnitedHealth as well as its health plan rivals given the company is the first in its industry to report earnings every quarter. UnitedHealth raised its full year net earnings outlook “to $23.25 to $23.75 per share and adjusted net earnings to $24.50 to $25.00 per share.”
“Our strong, enterprise-wide growth this quarter is a direct result of our colleagues’ unwavering commitment to offering more health services to more people and connecting consumers with greater access to high-quality, affordable care,” UnitedHealth chief executive Andrew Witty said in a statement accompanying the earnings report.
To be sure, the health insurance business UnitedHealthcare reported nearly 2 million more customers than a year ago, with “broad-based growth across the company’s commercial, community-based and senior benefit offerings,” the company said of the 52.89 million people served in the first quarter comoared to 50.96 million a year ago. That helped UnitedHealthcare’s first quarter revenues increase by 13% to $70.5 billion while operating earnings jumped 14% to $4.3 billion, the company said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Update: Fantagio’s Upcoming Boy Group LUN8 Introduces All 8 Members In Group PhotosUpdate: Fantagio’s Upcoming Boy Group LUN8 Introduces All 8 Members In Group Photos
Read more »
UnitedHealth stock rises toward a 4-month high after earnings beat, raised outlookShares of UnitedHealth Group Inc. rose 0.2% toward a four-month high in premarket trading Friday, after the health insurer reported profit and revenue that...
Read more »
UnitedHealth raises profit view on Medicare Advantage strengthUnitedHealth Group beat Wall Street estimates for quarterly profit on Friday and raised its annual forecast after a slow recovery in non-urgent procedures.
Read more »
UnitedHealth expects Medicare membership gains to boost 2023 profitUnitedHealth Group Inc beat Wall Street targets for quarterly profit and raised its annual forecast on Friday, as the healthcare giant banks on 'market-leading' membership growth in its federal government-backed health insurance plans.
Read more »
UnitedHealth expects Medicare membership gains to boost 2023 profitUnitedHealth beat Wall Street targets for quarterly profit and raised its annual forecast on Friday, as it banks on membership growth.
Read more »
ONEUS to make first group comeback as 5-members | allkpopRBW boy group ONEUS will be making its first comeback as 5-members in early May. This will mark the group's first music release …
Read more »