UnitedHealth Group

By Dave Muoio 02:48 pm July 13, 2020
UnitedHealth Group announced plans this morning to distribute a device-driven diabetes management model to 230,000 employer-sponsored members with Type 2 diabetes at no additional cost. The pilot program, called Level2 by UnitedHealthcare, provides members with a Dexcom G6 continuous glucose monitor (CGM) that connects to their smartphone, a Fitbit activity tracker, personalized coaching and...
By Dave Muoio 03:55 pm April 28, 2020
UnitedHealth Group's Optum is reportedly in late-stage talks with AbleTo regarding a roughly $470 million acquisition of the virtual behavioral-care company, according to unnamed sources who spoke to CNBC. Optum is already a stakeholder in the New York company, having provided a "significant investment" through its Optum Ventures arm back in January of 2019. At the time, Optum Ventures Principal...
By Laura Lovett 04:12 pm June 27, 2019
On Monday, online patient support community PatientsLikeMe sent an email to its members announcing that it inked a deal with UnitedHealth Group, becoming part of the latter’s research branch.  While both companies were upbeat about the deal, the public’s reaction has been far from universally positive. Concerns around privacy and data sharing in particular began to surface on social media, as...
By Laura Lovett and Dave Muoio 03:39 pm June 24, 2019
UnitedHealth Group has acquired online patient community portal PatientsLikeMe as of June 19, according to an announcement sent out via email to members of the latter's DigitalMe study this afternoon. The announcement explains that as part of the acquisition, the startup will now become part of UnitedHealth Group’s research arm that focuses on healthcare improvements and innovation.  “This...
By Laura Lovett 04:06 pm November 6, 2018
UnitedHealth Group finished the third quarter strong, reporting a 12 percent year-over-year revenue growth totalling $56.6 billion. This finish prompted the company to raise its 2018 net earnings outlook to approximately $12.10 per share, up from the $11.80 to $12.05 range.  CEO David Wichmann highlighted the company’s use of information, technology and clinical insights as reasons for the...
By Dave Muoio 04:58 pm April 10, 2018
With discussions on consumer data privacy again reaching a head amongst the lay press and lawmakers, it isn’t too far a stretch to wonder whether the data collected continuously through health and fitness wearables is receiving appropriate scrutiny. During a wearables-focused panel discussion held yesterday at PULSE: The Atlantic Summit on Health Care in Boston, top names from Fitbit, Empatica,...
By Susan Morse 01:49 pm November 29, 2017
Optum on Tuesday launched the venture fund Optum Ventures, which has $250 million to invest in digital health startup companies. The venture fund will invest in companies that use data and insights to help improve consumers’ access to healthcare services and how care is delivered and paid for, according to a statement from UnitedHealth Group, Optum’s parent company. Optum CEO Larry Renfro is...
By Aditi Pai 12:36 pm April 6, 2016
Minneapolis-based tech-savvy payer Bright Health has raised $80 million in a round led by Bessemer Venture Partners and New Enterprise Associates (NEA), with participation from Flare Capital Partners. Bright Health is led by a team of experienced healthcare executives. The company’s CEO Bob Sheehy was previously the CEO of UnitedHealthcare. Kyle Rolfing, Bright Health’s president, is the...
By Aditi Pai 05:11 am April 30, 2015
UnitedHealthcare has announced that it will now cover video visits from Doctor On Demand, American Well's AmWell, and its own Optum's NowClinic, which is a white-labeled American Well offering. The insurance company pointed out that the average price of a video visit is less than $50, and as part of its coverage for the service its members will still be responsible for a portion of that fee...
By Aditi Pai 08:29 am April 6, 2015
Existing UnitedHealthCare tool At the HxRefactored event in Boston last week, UnitedHealth Group Vice President of Innovation and R&D Kunjorn Chambundabongse discussed the strategy behind the payor's internal incubation group and revealed one of the group's newest projects, a vending machine that will sync up with employee wellness plans. Chambundabongse said that, according to IDC, one...