World's Largest Health Care Company by Revenue, UnitedHealth Group sets world record
Minnetonka, Minnesota, United States--UnitedHealth Group Incorporated (NYSE: UNH), an American multinational for-profit company specializing in health insurance and health care services, based in Minnetonka, Minnesota, had a market capitalization of $474.3 billion as of July 15, 2024; in the second quarter (Q2) of 2024, the company reported revenues of $98.9 billion, setting the world record for being the World's Largest Health Care Company by Revenue, according to the WORLD RECORD ACADEMY.
"UnitedHealth Group Incorporated is an American multinational for-profit company specializing in health insurance and health care services, based in Minnetonka, Minnesota. (Wikipedia)
"Selling insurance products under UnitedHealthcare, and health care services under the Optum brand, it is the world's ninth-largest company by revenue and the largest health care company by revenue.
"The company is ranked 8th on the 2024 Fortune Global 500. UnitedHealth Group had a market capitalization of $474.3 billion as of July 15, 2024."
"UnitedHealthcare is an insurance and managed care company with four main divisions:
- UnitedHealthcare Employer and Individual – provides health benefit plans and services for large national employers and individuals.
- UnitedHealthcare Medicare and Retirement – provides health and well-being services to individuals age 65 and older.[76]
- UnitedHealthcare Community and State – serves state programs that care for the economically disadvantaged, the medically underserved, and people without the benefit of employer-funded health care coverage, in exchange for a monthly premium per member from the state program.[76]
- UnitedHealthcare Global – provides nearly 2.2 million people with care and benefits services in South America. (Wikipedia)
"1. UnitedHealth Group Inc. (UNH)
- Revenue (TTM): $379.5 billion
- Net income (TTM): $15.4 billion
- Market cap: $442.75 billion
- One-year trailing total return: 5.1%
- Exchange: New York Stock Exchange (NYSE)
"UnitedHealth is a health insurance company that also provides data analytics and consulting services to healthcare providers, as well as pharmacy care services. Its principal divisions include UnitedHealthcare, OptumHealth, OptumInsight, and OptumRx," the Investopedia says.
1. UnitedHealth Group (UNH)
Market Capitalization: $738.67 Billion
"UnitedHealth Group holds its position at the forefront of the healthcare sector, pushing the boundaries of digital and personalized care. The company recently partnered with Native American Connections through a $2 million, three-year initiative to launch a Mobile Health Initiative, aimed at reducing health disparities in the Greater Phoenix area," the Xtalks says.
"The company also invested $1 million to enhance school-based healthcare for K-12 (kindergarten to 12th grade) students in Texas, focusing on mental health services. In the second quarter (Q2) of 2024, the company reported revenues of $98.9 billion, demonstrating its strong financial position and ability to sustain these impactful initiatives."
"In 2024, UnitedHealthcare Group was the largest healthcare company in the United States by revenue with over 371 billion U.S. dollars, followed by CVS Health and McKesson," the Statista says.
"This statistic shows the ten largest healthcare companies in the U.S. in 2024, by revenue.
"UnitedHealth Group is the highest-ranking and largest healthcare company in the world based on market capitalization. The American multinational is an industry leader in the health insurance and managed healthcare industry," the
Marketing91 says.
UnitedHealth Group is the seventh-largest company based on revenue and the largest health insurance company in the world based on net premiums. It is ranked 11th position in the list of 2022 Fortune Global 500. UnitedHealth Group is one of the leading publicly traded healthcare companies listed on the New York Stock Exchange.
UnitedHealth Group offers insurance services and healthcare products to 130 countries and fifty states in its home country. It also provides consulting services and data analytics to healthcare providers."
"We play a vital role in using clinical data and intelligence to help redesign, automate and deploy new technologies to simplify administrative processes and clinical decision-making." the UnitedHealth Group's official website says.
"We believe streamlining payment processes for consumers and providers is a fundamental aspect of a modern health system.
"We continue to innovate as one of the industry’s largest pharmacy benefit managers, strengthening our direct-to-consumer offerings and seamlessly integrating our medical, pharmacy, behavioral and community health capabilities."
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