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Finance section update
This
edit request by an editor with a conflict of interest has now been answered.
Hi again! On behalf of UHG, I'd like to suggest an update for the
Finance section.
Issue: Out of date financial information
Request: Update per similar source (SEC filing, Form 10-K)
The section says "For the fiscal year 2020, UnitedHealth Group reported earnings of US$15.40 billion, with an annual revenue of US$257.1 billion", per an outdated SEC filing. Per a
more recent SEC filing, I propose changing the text to "For the fiscal year 2022, UnitedHealth Group reported earnings of US$28.44 billion, with an annual revenue of US$324.16 billion.[1]
@
Voorts: Thanks for reviewing this request and updating the article. Above, I've submitted a request to add mention of some acquisitions, and below, I've submitted another to improve the 'organizational structure' section, if you're interested. Thanks again!
Barbara at UHG (
talk)
16:54, 26 April 2023 (UTC)
Organizational structure section
Part of an edit requested by an editor with a
conflict of interest has been implemented. Some or all of the changes weren't supported by neutral, independent, reliable sources. Consider re-submitting with content based on media, books and scholarly works.
On behalf of my employer UHG, I'd like to suggest an update for the
Organizational structure section. I've identified specific issues and provided solutions for consideration below:
Issue: The summaries of Optum and UnitedHealthcare are problematic for several reasons. For Optum, the first sentence is based on a press release and the URL does not work. There is not a source for the third sentence. The UnitedHealthcare section is based on a single company document and lacks an overall description.
Solution: Using the existing United Healthcare text (which summarizes business segments) as a template, I've drafted similar text which summarizes Optum's segments. The proposed text gives an overview of the company's organizational structure without going into too much detail since there's a separate Wikipedia article for Optum. Since there's not a separate article for United Healthcare, I've included a bit more detail about the business as a whole, based on a Forbes source which has been fact-checked.
Request: I am asking editors to consider replacing the section's current text with the following, which is based on Reuters, CNN Business, Forbes, and the SEC:
Organizational structure
Subsidiaries of UnitedHealth Group include
Optum and UnitedHealthcare.[2][3]
Optum Health – focuses on health and wellness care; services include primary and speciality care[4] delivery and management, as well as consumer engagement and health financial services[2][3]
Optum Insight – supports healthcare industry systems via analytics, data, and technology[2][3]
Optum Rx – offers pharmacy care services,[3] including home delivery and networking contracting, and develops programs related to drug
adherence and management as well as
step therapy[2]
UnitedHealthcare
UnitedHealthcare offers health benefit programs for individuals, employers, and Medicare and Medicaid recipients. It is the nation's largest insurance company "based on market share by direct written premiums", according to Forbes.[5] As of 2023, UnitedHealthcare partners with 1.3 million medical providers and 6,500 health care facilities, and has 125,000 employees.[5] Segments include:[2]
UnitedHealthcare Employer & Individual – provides health benefit plans and services to employers[6]
UnitedHealthcare Medicare & Retirement – offers health and wellness benefits for Medicare beneficiaries and retirees[6]
UnitedHealthcare Community & State – manages health benefits for state Medicaid participants and other community programs[6]
UnitedHealthcare Global – provides medical benefits and services to employers and individuals internationally (predominantly in South America)[6]
I welcome editor feedback and improvements. The purpose of this request is to give readers a better understanding of UHG's organizational structure, based on the existing text but using better sources and bringing balance to Opum and UnitedHealthcare.
Partly done I changed the language and cites a bit. I did not change the UHC descriptions of the divisions because (1) you cite only to the 10-K, which is
original research and (2) the descriptions of the "benefits" provided by the UHC divisions should be more
specific by specifying which types of plans are provided: HMOs, PPOs, Part D benefits, etc.
voorts (
talk/
contributions)
03:05, 27 April 2023 (UTC)
Missing acquisitions.
This
edit request by an editor with a
conflict of interest was declined. A reviewer felt that this edit would not improve the article.
Hi again! On behalf of UHG, I'd like to suggest another improvement for this article. I don't know how editors determine which acquisitions to mention, but I've identified several acquisitions which are not currently included in the "History" section and may be worth mentioning.
Issue: Acquisitions not included in the "History" section
Request: Add the following sentences, which are sourced by reliable news outlets:
UnitedHealth Group acquired Definity Health, which combined health plans with savings accounts,[1] for $300 million in 2004.[2]
In 2015, UnitedHealth's OptumRx purchased the home intravenous therapy company AxelaCare.[3] UnitedHealth's Optum subsidiary also acquired the urgent care clinic operator MedExpress for $1.5 billion in 2015.[4][5]
UnitedHealth Group agreed to purchase Surgical Care Affiliates, which operated ambulatory surgery centers and surgical facilities in the United States, for $2.3 billion in 2017.[6]
In 2018, UnitedHealth Group acquired the Latin American healthcare operator and insurer Empresas Banmedica for $2.8 billion.[7][8]
UnitedHealth Group's Optum subsidiary purchased Diplomat Pharmacy for $300 million in 2019.[9][10]
Optum completed the acquisition of Change Healthcare in 2022.[11]
My text suggestions are brief and neutral, and I'm happy for editors to expand or alter content appropriately. Given the amount of text about acquisitions, could editors create an "Acquisitions" sub-section? I think this would help with organizing information.
DeclinedWP:CORPDEPTH notes that "standard notices, brief announcements, and routine coverage" is trivial and not notable. Such routine coverage includes "expansions, acquisitions, mergers, sale, or closure of the business". However, "[a] news article discussing a prolonged controversy regarding a corporate merger" constitutes substantial coverage. I think the history section should be restructured because currently, it is largely a list of acquisitions and mergers. That might be appropriate for a separate article (see, e.g.
List of mergers and acquisitions by Amazon). I am going to note this same issue on the Talk Page for
WP:COMPANIES and request feedback there.
voorts (
talk/
contributions)
21:40, 27 April 2023 (UTC)