Five things to know:
1. UnitedHealth’s revenue grew to $70.2 billion in the three months ended March 31, compared to $64.4 billion in the same period last year.
2. The UnitedHealthcare health insurance division posted revenues of $55.1 billion, up 7.9 percent year over year. UnitedHealthcare attributed the gains to expansion of its community and senior-focused health plans.
3. Optum’s first quarter revenues grew to $36.4 billion, up 10.8 percent year over year. The Optum business benefited from growth in the number of people served in value-based payment models and increasing acuity of care services provided, UnitedHealth said.
4. OptumHealth served 99 million people through the end of the first quarter.
5. UnitedHealth ended the first quarter with a $4.9 billion profit, up from $3.4 billion in the same period a year prior.
More articles on payers:
Lawsuit accuses BCBS of Massachusetts of systematically allowing overpayments
Nurse sues Highmark, accuses insurer of failing to pay OT
Ohio names 6 insurers to manage state’s $20B Medicaid contracts
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