UnitedHealth Group’s Optum Closes $13 Billion Change Healthcare Deal

Healthcare UnitedHealth Group’s Optum Closes $13 Billion Change Healthcare Deal Bruce Japsen Senior Contributor Opinions expressed by Forbes Contributors are their own. I write about healthcare business and policy Following New! Follow this author to stay notified about their latest stories. Got it! Oct 3, 2022, 10:36am EDT | New! Click on the conversation bubble to join the conversation Got it! Share to Facebook Share to Twitter Share to Linkedin UnitedHealth Group’s Optum unit completed its proposed $13 billion acquisition of the software and .

. . [+] data analytics firm Change Healthcare, Optum said Oct.

3, 2022. UnitedHealth Group Inc. signage is displayed on a monitor on the floor of the New York Stock Exchange (NYSE) in New York, U.

S. , on Tuesday, Jan. 3, 2017.

Photographer: Michael Nagle/Bloomberg © 2016 Bloomberg Finance LP UnitedHealth Group’s Optum unit Monday completed its $13 billion acquisition of the software and data analytics firm Change Healthcare after successfully fending off a U. S. Justice Department challenge of the deal.

When the deal was announced over a year ago, Optum, a fast-growing part of UnitedHealth Group, said Change Healthcare will become a part of the OptumInsight business “to provide software and data analytics, technology-enabled services and research, advisory and revenue cycle management offerings to help make health care work better for everyone. ” It’s the most significant addition to the OptumInsight business since UnitedHealth in 2017 bought the Advisory Board’s healthcare business , which includes data analytics, consulting and population health for $1. 3 billion.

Announced in January of 2021, the Change acquisition was seen as a move by UnitedHealth and Optum to bolster the company’s efforts to improve health outcomes and population health. “The combined businesses share a vision for achieving a simpler, more intelligent and adaptive health system for patients, payers and care providers,” Optum said Monday in a statement announcing closure of the Change acquisition. “The combination will connect and simplify the core clinical, administrative and payment processes health care providers and payers depend on to serve patients.

Increasing efficiency and reducing friction will benefit the entire health system, resulting in lower costs and a better experience for all stakeholders. ” While UnitedHealth continues to be the nation’s largest health insurance company, selling commercial, Medicaid and Medicare Advantage plans, it’s finding growth on the medical care provider side of the healthcare system. Optum owns one of the nation’s largest pharmacy benefit managers in OptumRx as well as an array of medical care provider businesses, including doctor practices, surgery centers and urgent care sites across the country.

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