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United healthcare - Essay Example

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While constructing the above management report, it has been observed that the United Healthcare group has become the leader of the health care industry in US. It past performance, the current potentiality and future plans clearly shows that in future, the group will go larger. …
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Download file to see previous pages While constructing the above management report, it has been observed that the United Healthcare group has become the leader of the health care industry in US. It past performance, the current potentiality and future plans clearly shows that in future, the group will go larger. As the group has been serving millions of Americans, therefore it attempts to ensure that all products and services are provided within the best interest of all the people in US. A part from this the group also focuses on enhancing the access that can enable the Americans to take advantages of all the benefits offered by the group.UnitedHealthcare is known as one of the leading and largest healthcare group that has been operating in the United States to serve the people of US.Furthermore, the group has also been highly involved in creating and developing the products and services that can allow the patients and Americans to afford the offered services and products more easily. Moreover, the innovative technologies, innovation and advanced techniques are also being adopted by the group to serve the Americans for the betterment of their health. The management paper below tends to discus and analyse all the key facts and figures about the UnitedHealthcare Group in detail. The main areas and aspects that will be included in the below report will include the facts of the group’s history, its products and services, its organizational functions and management, the number of enrolled physicians, doctors, specialists and hospital and the financial performance. This will allow understanding of how the UnitedHealthcare Group has been operating and what are the key and critical success factors on which the group is based on. United Healthcare Group In the year of 1977, the United Healthcare Corporation was established as a single owner company. But during the period of time, the company managed to acquire other Health Maintenance Organization (HMOs) within the United Sates. The positive attitude of the owner and dedication of team members allowed the United Healthcare to expand its operations over the time and drive smoothly towards the growth and vision of the company. Within the period of 7 years, the company managed to acquire 11 but running Health Management Organizations (UHC, 1994). Sooner it was realized that to manage, maintain and expand the organizational operation more quickly and efficiently, the company will have to go public. In the year of 1984, the company finally listed as the public company in the stock exchange. This enabled the company to move quicker towards the expansion of its operations and acquire more Health Management Organizations within the US. In the year of 1985, the company as public limited made its first acquisition and bought the shares of Share Development Corporation which was based in Indiana. This acquisition enabled the company to expand its membership of total enrolees by 167,000. At the other end, the total value of the company’s stock reached to $60 million in total. By the end of the 1985, the United Healthcare managed to partnership with the total of 22 subsidiaries in 22 states which were managing the total member of 822,400. In the following year of 1986, the company acquired the Peak Health Care Inc which was based on Colorado and paid the total of $83 million towards the acquisition. By the end of 1987, the total revenue of the group was recorded over $440 million but the other end the expenses of the group was noted as higher than the total revenue which left the group with the loss of $15.8 million. Based on in efficiency of the Peak Health Care Inc, the group decided to sell the newly acquired corporation and sold it for $41.5 million. Approximately 1.5 members were successfully enrolled with the United Healthcare Group by the end of 1990. At that point the United Healthcare was known as the leading and beigest organization in the United States that was serving the millions of patients across the country. Also, the members of the United Healthcare group included that were based in the major and biggest states i.e. Des Moines, Salt Lake City, Atlanta and Chicago etc. In the initial year of 1990s the group acquired the Physicians Health ...Download file to see next pagesRead More
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