UNITEDHEALTH GROUP INCORPORATED (Delaware) - UNH STOCK NEWS

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.

UnitedHealth Group (NYSE: UNH) is set to release its second quarter 2024 financial results on July 16, 2024, before the market opens. The company will host a teleconference at 8:45 a.m. ET to discuss the results with analysts and investors. This call will be webcast on the Investor Relations page of the company's website, and a replay will be available until July 30, 2024. UnitedHealth Group operates through two main businesses: Optum, which provides technology-aided care, and UnitedHealthcare, which offers a wide range of health benefits.

UnitedHealthcare has committed $1 million to Goodside Health to provide integrated physical and behavioral health services to K-12 students in Texas. The initiative will conduct wellness events across 200 schools, addressing physical, behavioral, and social needs regardless of students' health insurance status. The program will run throughout 2024 and 2025, reaching up to 200 students per event in various counties. Goodside Health will coordinate with students' existing insurance and primary care providers for follow-up care. This investment aims to improve overall student health and academic performance, especially in lower-income households, thereby promoting long-term success.

UnitedHealth Group (NYSE: UNH) updated its 2024 annual shareholder meeting and board actions. Shareholders elected all nominated directors including Charles Baker, Timothy Flynn, and Andrew Witty. They approved the advisory resolution on executive compensation and ratified Deloitte & Touche LLP as the independent public accounting firm. A shareholder proposal for a political contributions congruency report was voted against. The Board also authorized a cash dividend of $2.10 per share, payable on June 25, 2024, to shareholders of record as of June 17, 2024. UnitedHealth Group aims to improve health systems through Optum and UnitedHealthcare.

UnitedHealthcare has invested $1.5 million in school-based telehealth services across Iowa, partnering with Hazel Health to provide mental health support to around 100,000 K-12 students. This initiative aims to address rising mental health issues such as depression and anxiety among youth by offering virtual therapy sessions at schools and homes.

The investment focuses on underserved and rural communities, representing 21% of Iowa's K-12 students. The first phase involves building technological infrastructure, with services starting in August in districts like Des Moines, Council Bluffs, and Cedar Rapids.

UnitedHealthcare's commitment extends to employing over 1,400 people in Iowa and serving more than 450,000 residents through various health plans.