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UnitedHealth (UNH) Unit Ties Up to Boost Care in Two U.S. Regions
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UnitedHealth Group Incorporated’s (UNH - Free Report) unit Optum recently joined forces with Kentucky-based Owensboro Health in a bid to leverage enhanced technology and collectively address the diversified healthcare needs of patients across western Kentucky and southern Indiana.
Shares of UnitedHealth Group gained 1.5% on Jan 11.
The newly announced collaboration seems to be beneficial for both partners. Owensboro Health is expected to gain from this partnership as Optum will overlook its revenue cycle management operations and information technology services. With better operational efficiencies, the time consumed in repetitive tasks may diminish and subsequently, greater time can be devoted to interacting with patients.
To complement the abovementioned endeavor, around 575 team members of Owensboro Health in the field of revenue cycle and information technology services will join the Optum team from April 2023. The team members will have access to Optum’s innovative tools, technologies, processes and skills development training opportunities, which will be of great use to Owensboro Health.
Additionally, the latest collaboration reflects Optum’s intensified focus on upgrading traditional healthcare models and systems of different U.S. communities in order to better serve patients. As an example of the same, the alliance strives to offer a clear and patient-friendly billing experience throughout the targeted communities. The UnitedHealth Group unit will also make use of advanced digital technologies to modernize infrastructure across the care delivery networks of Owensboro Health.
Through extending high-quality care, delving into underserved areas and offering a seamless experience for patients, physicians, nurses and other providers across western Kentucky and southern Indiana, the footprint of Optum in the regions will undoubtedly receive a boost.
And tying up with Owensboro Health seems to be a prudent move on the UNH arm’s part for foraying into the two regions. Owensboro Health continues to be a leading primary and specialty care provider for western Kentucky and southern Indiana which has helped it to gain an in-depth understanding of the local communities.
To boost the Optum business, UnitedHealth Group has frequently undertaken significant investments related to numerous acquisitions, rolling out of cutting-edge solutions, market-leading health analytics, modern care delivery and data-driven population health approaches. These investments have started bearing fruits as Optum’s prowess makes it a frequent pick by different U.S. healthcare systems to improve their organizational efficiencies.
Within a few days of the beginning of 2023, the UnitedHealth Group arm entered into a strategic partnership with one of Maine’s integrated health delivery systems, Northern Light Health. The move is likely to improve Northern Light’s efficiency and equip it to extend better health outcomes for patients across the state.
The Optum unit of UNH continues to perform well for quite some time, courtesy of an increase in value-based care arrangements and an extensive pharmacy care services suite. This, in turn, drives the top-line growth of the parent company UnitedHealth Group.
Shares of UnitedHealth Group have gained 3.9% over a year compared with the industry’s 4.2% growth. UNH currently carries a Zacks Rank #3 (Hold).
Lantheus’ earnings surpassed estimates in each of the last four quarters, the average surprise being 51.09%. The Zacks Consensus Estimate for LNTH’s 2023 earnings indicates a 10% improvement from the prior year’s estimate, while the same for revenues suggests 11.9% growth. The consensus mark for LNTH’s 2023 earnings has moved north by 0.2% in the past 60 days.
The bottom line of Progyny outpaced estimates in each of the trailing four quarters, the average surprise being 233.75%. The Zacks Consensus Estimate for PGNY’s 2023 earnings indicates a 27.5% improvement from the prior year’s estimate, while the same for revenues suggests 32.3% growth. The consensus mark for PGNY’s 2023 earnings has moved north by 2.8% in the past 60 days.
Merit Medical Systems’ earnings surpassed estimates in each of the last four quarters, the average surprise being 25.35%. The Zacks Consensus Estimate for MMSI’s 2023 earnings indicates a 9.9% improvement from the prior year’s estimate, while the same for revenues suggests 4.8% growth. MMSI has a VGM Score of B.
Shares of Lantheus and Merit Medical Systems have rallied 88.9% and 16.6%, respectively, in a year. However, the Progyny stock has declined 25.5% in the same period.
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UnitedHealth (UNH) Unit Ties Up to Boost Care in Two U.S. Regions
UnitedHealth Group Incorporated’s (UNH - Free Report) unit Optum recently joined forces with Kentucky-based Owensboro Health in a bid to leverage enhanced technology and collectively address the diversified healthcare needs of patients across western Kentucky and southern Indiana.
Shares of UnitedHealth Group gained 1.5% on Jan 11.
The newly announced collaboration seems to be beneficial for both partners. Owensboro Health is expected to gain from this partnership as Optum will overlook its revenue cycle management operations and information technology services. With better operational efficiencies, the time consumed in repetitive tasks may diminish and subsequently, greater time can be devoted to interacting with patients.
To complement the abovementioned endeavor, around 575 team members of Owensboro Health in the field of revenue cycle and information technology services will join the Optum team from April 2023. The team members will have access to Optum’s innovative tools, technologies, processes and skills development training opportunities, which will be of great use to Owensboro Health.
Additionally, the latest collaboration reflects Optum’s intensified focus on upgrading traditional healthcare models and systems of different U.S. communities in order to better serve patients. As an example of the same, the alliance strives to offer a clear and patient-friendly billing experience throughout the targeted communities. The UnitedHealth Group unit will also make use of advanced digital technologies to modernize infrastructure across the care delivery networks of Owensboro Health.
Through extending high-quality care, delving into underserved areas and offering a seamless experience for patients, physicians, nurses and other providers across western Kentucky and southern Indiana, the footprint of Optum in the regions will undoubtedly receive a boost.
And tying up with Owensboro Health seems to be a prudent move on the UNH arm’s part for foraying into the two regions. Owensboro Health continues to be a leading primary and specialty care provider for western Kentucky and southern Indiana which has helped it to gain an in-depth understanding of the local communities.
To boost the Optum business, UnitedHealth Group has frequently undertaken significant investments related to numerous acquisitions, rolling out of cutting-edge solutions, market-leading health analytics, modern care delivery and data-driven population health approaches. These investments have started bearing fruits as Optum’s prowess makes it a frequent pick by different U.S. healthcare systems to improve their organizational efficiencies.
Within a few days of the beginning of 2023, the UnitedHealth Group arm entered into a strategic partnership with one of Maine’s integrated health delivery systems, Northern Light Health. The move is likely to improve Northern Light’s efficiency and equip it to extend better health outcomes for patients across the state.
The Optum unit of UNH continues to perform well for quite some time, courtesy of an increase in value-based care arrangements and an extensive pharmacy care services suite. This, in turn, drives the top-line growth of the parent company UnitedHealth Group.
Shares of UnitedHealth Group have gained 3.9% over a year compared with the industry’s 4.2% growth. UNH currently carries a Zacks Rank #3 (Hold).
Image Source: Zacks Investment Research
Stocks to Consider
Some better-ranked stocks in the Medical space are Lantheus Holdings, Inc. (LNTH - Free Report) , Progyny, Inc. (PGNY - Free Report) and Merit Medical Systems, Inc. (MMSI - Free Report) . While Lantheus and Progyny currently sport a Zacks Rank #1 (Strong Buy), Merit Medical Systems carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Lantheus’ earnings surpassed estimates in each of the last four quarters, the average surprise being 51.09%. The Zacks Consensus Estimate for LNTH’s 2023 earnings indicates a 10% improvement from the prior year’s estimate, while the same for revenues suggests 11.9% growth. The consensus mark for LNTH’s 2023 earnings has moved north by 0.2% in the past 60 days.
The bottom line of Progyny outpaced estimates in each of the trailing four quarters, the average surprise being 233.75%. The Zacks Consensus Estimate for PGNY’s 2023 earnings indicates a 27.5% improvement from the prior year’s estimate, while the same for revenues suggests 32.3% growth. The consensus mark for PGNY’s 2023 earnings has moved north by 2.8% in the past 60 days.
Merit Medical Systems’ earnings surpassed estimates in each of the last four quarters, the average surprise being 25.35%. The Zacks Consensus Estimate for MMSI’s 2023 earnings indicates a 9.9% improvement from the prior year’s estimate, while the same for revenues suggests 4.8% growth. MMSI has a VGM Score of B.
Shares of Lantheus and Merit Medical Systems have rallied 88.9% and 16.6%, respectively, in a year. However, the Progyny stock has declined 25.5% in the same period.