UnitedHealth, the country’s largest insurer, reported quarterly revenues of $30.6 billion, a 12 percent year-over-year increase. UnitedHealthcare, the main subsidiary of UnitedHealth, accounted for most of the third-quarter revenue at $28.4 billion.
For the nine months ended Sept. 30, 2013, UnitedHealth reported net earnings of $4.24 billion, down from $4.28 billion in the first nine months of 2012. Total revenues increased by 11.6 percent, from $81.8 billion in the first nine months of 2012 to $91.3 billion this year. However, total operating costs also went up by 12.7 percent, from $74.7 billion last year to $84.2 billion in 2013. Interest expense also increased from $459 million last year to $532 million this year.
More Articles on UnitedHealth Group:
153 Statistics on Dominant Payers in Each State
8 Ways UnitedHealthcare Engages Patients
UnitedHealth 2Q Net Income Up 7.4% As Enrollment Rises
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
