UNITEDHEALTH GROUP INCORPORATED (Delaware) - UNH STOCK NEWS

Optum has launched a new laboratory benefit management solution aimed at health plans to reduce unnecessary lab testing and improve quality. This initiative could save health plans between $12-$36 per member annually, totaling over $3 billion in savings. The solution addresses the issue of approximately 30% of lab tests being unnecessary, which can lead to increased patient risks and costs. By aligning lab testing with evidence-based guidelines, Optum aims to deliver better clinical outcomes and streamline laboratory administration for health plans.

Livindi has launched new modules for its remote patient monitoring (RPM) system, designed to improve care for older adults living independently at home. The platform includes patient service monitoring, telemedicine virtual appointments, and medication adherence support. A study showed RPM can reduce hospital readmissions by up to 20%, improve patient satisfaction, and enhance medication adherence. Livindi's new devices include various health monitoring tools, aiming to provide comprehensive in-home care to patients and enhance communication for those with hearing difficulties.

Livindi has launched new modules aimed at enhancing medication adherence and community engagement for seniors. The Medication Adherence Module allows users to manage complex medication schedules and allows caregivers to monitor compliance through video calls. The Personal Reminder and Group Calendar Module helps users organize appointments and community activities, promoting mental well-being. Additionally, the Notification Module provides caregivers with critical health updates, while the Group Communication Module enables real-time community notifications. Livindi's platform integrates with United Healthcare to support their extensive customer base.

The United Health Foundation, associated with UnitedHealth Group (NYSE: UNH), has announced a historic $100 million commitment over the next decade to enhance health equity and support underrepresented clinical professionals. This initiative aims to provide scholarships for 10,000 individuals pursuing careers in health care. As part of an ongoing effort, the Foundation has already invested over $700 million to combat health disparities, with a focus on fostering a diverse health workforce through various training and scholarship programs.

UnitedHealth Group (NYSE: UNH) held its 2022 annual shareholder meeting where all nominated Board members were elected, including Timothy P. Flynn and Andrew Witty. Shareholders approved an advisory resolution on executive compensation, ratified Deloitte & Touche LLP as the independent accounting firm, and rejected proposals on termination pay and political contributions reporting. Additionally, a cash dividend of $1.65 per share was authorized to be paid on June 28, 2022, to shareholders on record by June 20, 2022.

Livindi and Fellowship Senior Living have partnered to launch an innovative in-home care service for families caring for older adults. This service offers essential support, including medication tracking and fall detection, starting at just $199 per month, with no long-term contracts. The aim is to enhance care options for families and improve the quality of life for seniors at home. This initiative is part of Livindi's ongoing commitment to provide comprehensive care solution for older adults, leveraging technology to ensure continuous health monitoring and communication.

UnitedHealth Group (NYSE: UNH) will announce its second quarter 2022 financial results on July 15, 2022, before market opening. A teleconference will follow at 8:45 a.m. ET for discussion with analysts and investors, accessible via the company's website. The replay is available until July 29. UnitedHealth Group operates through two main segments: Optum, focusing on technology-driven care, and UnitedHealthcare, which provides a comprehensive range of health benefits aimed at improving accessibility and affordability.

UnitedHealthcare Community Plan of Missouri has been selected by the state of Missouri to manage its MO HealthNet Managed Care Program for Medicaid members, including those in Temporary Assistance for Needy Families (TANF) and the Children’s Health Insurance Program (CHIP). This partnership, which continues from a five-year collaboration, will provide access to comprehensive and preventive health benefits for nearly 1 million eligible adults and children. Services commence on July 1, 2022.

UnitedHealth Group, through its Optum Rx division, is donating 5,000 COVID-19 rapid antigen self-tests to support underserved communities in Chicago. The initiative aims to enhance access to testing amid the ongoing pandemic, particularly for minority populations facing health disparities. Tests can be obtained without eligibility requirements from partnered organizations like the Mountain of Fire and Miracles and Irving Park Community Pantry. This partnership with the Chicago Department of Public Health highlights the importance of increased testing access to mitigate virus spread.