UnitedHealth CEO David Wichmann told investors during a fourth quarter earnings call Tuesday the insurance giant will invest the additional cash in new technology and community-based healthcare programs. Mr. Wichmann did not say whether UnitedHealth will allocate additional earnings toward increasing employee wages.
The insurer reported net earnings attributable to UnitedHealth shareholders of $3.6 billion in the fourth quarter ended Dec. 31, compared to $1.7 billion during the same period a year prior. UnitedHealth said a one-time tax gain of $1.22 per share drove the increase in net earnings.
More articles on payer issues:
UnitedHealth’s profits more than double in Q4, fueled by one-time tax boost
Uninsured rise by 3.2M in 2017, rate reaches 12.2%
Kentucky becomes first state to impose Medicaid work requirements
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.
