Practice Management
Brian Thompson, CEO of UnitedHealthcare’s insurance division, was shot and killed outside of a hotel in New York City on December 4, according to news reports. The 50-year-old Thompson has worked for the company for 20 years and was promoted to the chief executive position in 2021. UnitedHealth Group leadership canceled the day’s scheduled investor event immediately after the incident. He was described as an “extraordinary person” in a video sent to employees. Thompson was …
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What many industry observers suggested is now confirmed: The Change Healthcare cyberattack earlier this year affected personal information of 100 million people, making it the nation’s largest-ever breach of healthcare data. Parent company UnitedHealthcare recently updated the Department of Health and Human Services’ Office for Civil Rights confirming the scope of the impact. However, it could be months or years before the department completes its investigation of Change and determines a financial penalty if it …
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The Department of Justice has launched an antitrust investigation into UnitedHealth Group, focusing on how the UnitedHealthcare insurance division influences its own Optum health-services arm, according to the Wall Street Journal. Optum’s portfolio includes physician groups and other providers, and the business line employs a total physician force of about 90,000, making it the largest physician employer in the country. The investigation is digging into how Optum’s acquisitions of physician groups impact competition, particularly in …
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Wall Street analysts have predicted that Optum would add 25 to 30 urgent care centers per year through acquisition and startups, but on a recent call with analysts the company predicted it would grow at a quicker pace on its way to operating clinics in 75 markets. A key step in that strategy, as we reported, was buying MedExpress for the urgent care centers it operates in 14 states. Optum still says those locations will …
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Optum has followed up its acquisition of urgent care provider MedExpress by buying a chunk of ProHealth Physicians, an independent physician group based in Connecticut. Optum, a subsidiary of UnitedHealth Group, has been on a healthcare shopping spree over the past two years. The latest deal gives Optum control over ProHealth’s administration and other backend operations. The primary-care medical group will continue to be physician-owned, however. ProHealth has stated its plans to move toward risk-based …
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