UNITEDHEALTH GROUP INCORPORATED (Delaware) - UNH STOCK NEWS

UnitedHealth Group reported strong Q3 2024 results with revenues of $100.8 billion, up $8.5 billion year-over-year. Earnings per share were $6.51, including cyberattack impacts, while adjusted earnings were $7.15 per share. The company maintained its full-year 2024 adjusted earnings outlook of $27.50 to $27.75 per share, despite absorbing an estimated $0.75 per share in business disruption impacts.

Key highlights include:

• UnitedHealthcare's commercial domestic offerings grew by 2.4 million consumers year-to-date
• Medical care ratio increased to 85.2% from 82.3% last year
• Operating cost ratio improved to 13.2% from 15.0% in the prior year
• Cash flows from operations were $14.0 billion in Q3
• The company returned over $9.6 billion to shareholders through dividends and share repurchases in the first nine months of 2024

UnitedHealthcare has announced a $335,000 commitment to Idaho organizations aimed at expanding health care workforce and access to care. The funding will support various initiatives, including:

- Training 500 Direct Care Workers on Alzheimer's essentials
- Expanding rural transportation options
- Increasing access to assistive technologies and durable medical equipment
- Supporting diabetes prevention programs for older adults in Hispanic or American Indian communities
- Enhancing caregiver support services
- Increasing health care access for Shoshone-Bannock Tribes
- Implementing regional health plans and promoting resource connectivity

These efforts aim to address challenges such as food insecurity, diabetes prevalence, and shortages in primary care physicians and mental health providers in Idaho.

UnitedHealthcare Community Plan of New Mexico has announced a $250,000 investment in school-based health care provider Goodside Health to expand access to integrated physical and behavioral health care services to 50 New Mexico schools. The collaboration aims to address provider shortages and improve access to care for K-12 students.

Key points:

• Cibola County Schools and Bloomfield School District will be the first to offer these services
• Services include health screenings, well-child events, and virtual acute and primary care
• Participating schools pay no start-up costs, and services are available regardless of insurance status
• The initiative is part of UnitedHealthcare's larger commitment to expand access to primary care and mental health services in schools across the US

UnitedHealth Group (NYSE: UNH) has announced the release date for its third quarter 2024 financial results. The company will unveil its earnings on Tuesday, October 15, 2024, before the market opens. A teleconference is scheduled for 8:45 a.m. ET to discuss the results with analysts and investors. The call will be webcast on the company's Investor Relations page, with a replay available until October 29.

UnitedHealth Group is a health care and well-being company operating through two complementary businesses: Optum, which delivers technology-aided care, and UnitedHealthcare, which offers a range of health benefits. The company aims to help people live healthier lives and improve the health system for everyone.

UnitedHealth Group and Goodwill Industries International have announced a three-year, $4.5 million strategic partnership to expand career pathways training and foster healthier communities. The initiative aims to increase access to education, training, health-related social needs support, and workforce development opportunities in 25 states through 38 Goodwill organizations.

The partnership will expand the Goodwill Opportunity Accelerator®, connecting individuals to career pathways, job training, certifications, and mentorships. It will prioritize industries such as healthcare, technology, and clean technology. The program will also provide comprehensive support, including financial literacy tools and social drivers of health (SDOH) support.

This collaboration aims to address the link between employment and health, recognizing that up to 80% of a person's health is determined by factors outside of medical care.

UnitedHealthcare Community Plan of North Carolina has been awarded Health Equity Accreditation by the National Committee for Quality Assurance (NCQA). This accreditation recognizes organizations committed to reducing health disparities and improving outcomes. It focuses on building an internal culture supporting external health equity work, collecting data for culturally mindful services, and identifying opportunities to reduce inequities.

The accreditation evaluates organizational readiness, race/ethnicity, language, gender identity and sexual orientation considerations, access to language services, practitioner network cultural responsiveness, and efforts to reduce healthcare disparities. UnitedHealthcare also became the first Medicaid managed care organization in North Carolina to earn NCQA Health Plan Accreditation.

UnitedHealthcare serves over 1.8 million people in North Carolina through various health plans, with a network of 153 hospitals and more than 67,500 physicians and care providers statewide.

UnitedHealth Group (NYSE: UNH) has announced a quarterly cash dividend of $2.10 per share, payable on September 24, 2024, to shareholders of record as of September 16, 2024. This decision, made by the company's board of directors, demonstrates UnitedHealth's commitment to returning value to its shareholders. UnitedHealth Group operates through two complementary businesses: Optum, which delivers technology-aided care, and UnitedHealthcare, which offers a range of health benefits. The company's mission is to help people live healthier lives and improve the health system for everyone.

UnitedHealthcare Community Plan of Rhode Island has been selected by the State of Rhode Island to continue serving Medicaid members through the Medicaid Managed Care Services (MMCS) program until 2030. This extends UnitedHealthcare's service in Rhode Island, which began in 1993. The MMCS program includes Rite Care, expansion, ABD populations, foster care children, and long-term support services recipients.

UnitedHealthcare will offer a wide range of benefits, including access to primary care, specialists, hospitals, and prescription drugs. In 2023, the company received NCQA Health Equity Accreditation for providing culturally sensitive services and working to reduce healthcare disparities. UnitedHealthcare serves over 250,000 people in Rhode Island with a network of 12 hospitals and more than 9,500 healthcare providers.

UnitedHealth Group (NYSE: UNH) reported strong second quarter 2024 results, with revenues of $98.9 billion, up nearly $6 billion year-over-year. Growth was led by Optum and UnitedHealthcare's domestic offerings. The company updated its full year 2024 net earnings outlook to $15.95 to $16.40 per share, reflecting the classification of remaining South America operations as held for sale and estimated Change Healthcare cyberattack impacts. Adjusted earnings outlook remains at $27.50 to $28.00 per share. The cyberattack's total estimated impact for 2024 is $1.90 to $2.05 per share. UnitedHealthcare saw significant growth in domestic consumers served, while Optum's revenues increased by over $6 billion compared to the previous year.