{"id":2995,"date":"2021-10-19T10:03:06","date_gmt":"2021-10-19T10:03:06","guid":{"rendered":"https:\/\/healthplan.distilinfo.com\/?p=2995"},"modified":"2022-02-15T13:07:00","modified_gmt":"2022-02-15T13:07:00","slug":"q3-earnings-hike-unitedhealth-groups-revenue-by-a-huge-margin","status":"publish","type":"post","link":"https:\/\/distilinfo.com\/healthplan\/q3-earnings-hike-unitedhealth-groups-revenue-by-a-huge-margin\/","title":{"rendered":"Q3 earnings hike UnitedHealth Group&#8217;s revenue by a huge margin"},"content":{"rendered":"\n<p>UnitedHealth Group&#8217;s consistent, well-balanced growth continued in the third quarter of 2021. Strong and Diversified Growth throughout Optum and UnitedHealthcare boosted revenue by 11% to $72.3 billion.<\/p>\n\n\n\n<ol class=\"highlights wp-block-list\"><li><strong><em>Revenue<\/em><\/strong>: The company raised its full-year net earnings forecast from $17.70 to $17.95 per share to $18.65 to $18.90 per share. The Company&#8217;s forecast for net adverse COVID-19 earnings consequences for the full year 2021 is in line with earlier estimates.<\/li><li><strong><em>Growth<\/em><\/strong>: &#8220;Our positive growth and operating results are thanks to the 340,000 Optum and UnitedHealthcare team members who strive every day to help clinicians deliver and people access quality, affordable health care,&#8221; said Andrew Witty, chief executive officer of UnitedHealth Group.<\/li><li><strong><em>Medical care ratio:<\/em><\/strong> The medical care ratio in the third quarter of 2021 was 83.0 percent, up from 81.9 percent the previous year, owing partly to the elimination of the health insurance tax. Medical reserve development was favorable for $700 million, with $520 million connected to 2021 and the bulk of the effect offset by rebates, risk-corridors, and other associated considerations. Days claims payable were 50.4 days in the third quarter of 2020, compared to 49.1 days in the second quarter of 2021 and 46.8 days in the third quarter of 2021.<\/li><li><strong><em>Operating care ratio:<\/em><\/strong> The operating cost ratio fell to 14.8 percent this quarter from 15.6 percent in the third quarter of 2020, owing to the elimination of the health insurance levy and sustained productivity gains, which were largely offset by changes in business mix and growth and innovation initiatives.<\/li><li><strong><em>Provider: <\/em><\/strong>UnitedHealthcare is a global healthcare provider that serves people, employers, and Medicare and Medicaid, recipients. UnitedHealthcare is committed to increasing the value customers and consumers receive by lowering total costs of care, improving quality of care, promoting health and wellness, and simplifying the healthcare experience.<\/li><\/ol>\n","protected":false},"excerpt":{"rendered":"<p>UnitedHealth Group&#8217;s consistent, well-balanced growth continued in the third quarter of 2021. Strong and Diversified Growth throughout Optum and UnitedHealthcare&#8230; <a href=\"https:\/\/distilinfo.com\/healthplan\/q3-earnings-hike-unitedhealth-groups-revenue-by-a-huge-margin\/\" style=\"white-space: nowrap;\">Continue Reading <i class=\"fas fa-long-arrow-alt-right\" style=\"vertical-align: middle;\"><\/i><\/a><\/p>\n","protected":false},"author":8,"featured_media":2696,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-2995","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-distilinfo-originals","8":"entry"},"_links":{"self":[{"href":"https:\/\/distilinfo.com\/healthplan\/wp-json\/wp\/v2\/posts\/2995"}],"collection":[{"href":"https:\/\/distilinfo.com\/healthplan\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/distilinfo.com\/healthplan\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/distilinfo.com\/healthplan\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/distilinfo.com\/healthplan\/wp-json\/wp\/v2\/comments?post=2995"}],"version-history":[{"count":1,"href":"https:\/\/distilinfo.com\/healthplan\/wp-json\/wp\/v2\/posts\/2995\/revisions"}],"predecessor-version":[{"id":2996,"href":"https:\/\/distilinfo.com\/healthplan\/wp-json\/wp\/v2\/posts\/2995\/revisions\/2996"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/distilinfo.com\/healthplan\/wp-json\/wp\/v2\/media\/2696"}],"wp:attachment":[{"href":"https:\/\/distilinfo.com\/healthplan\/wp-json\/wp\/v2\/media?parent=2995"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/distilinfo.com\/healthplan\/wp-json\/wp\/v2\/categories?post=2995"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/distilinfo.com\/healthplan\/wp-json\/wp\/v2\/tags?post=2995"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}