UNITEDHEALTH GROUP INCORPORATED (Delaware) - UNH STOCK NEWS

UnitedHealthcare has enhanced its well-being program, UnitedHealthcare Motion, offering eligible members access to Apple Fitness+ for six months at no cost. This program is aimed at encouraging fitness through studio-style workout classes and incentives for physical activities beyond walking. Participants can earn over $1,000 annually by meeting daily activity goals. Since its inception, members have collectively walked over 511 billion steps and earned over $60 million in rewards. The enhancements begin on January 1, providing new ways to engage in physical health.

Optum is expanding its partnership with Wider Circle to provide 25,000 meals to vulnerable communities in Los Angeles County during the holiday season. This initiative aims to combat rising food insecurity exacerbated by COVID-19, with nearly two million residents facing challenges in accessing nutritious food. The collaboration will increase the total meals delivered to 75,000, supporting Optum's mission to enhance health outcomes for its patients and address social determinants of health, particularly for older adults in isolation.

UnitedHealthcare Community Plan of Michigan has allocated nearly $100,000 in Community Builder Grants to six organizations to enhance health care access and address social health determinants amid the COVID-19 pandemic. The grants, ranging from $10,000 to $25,000, target underserved populations in Michigan, funding initiatives from housing support to childhood disease prevention. UnitedHealthcare serves over 800,000 people statewide and recently committed $2.5 million to a breast cancer screening program, reinforcing its mission to improve health outcomes.

UnitedHealth Group (NYSE: UNH) announced the return of Sir Andrew Witty as president and CEO of Optum after an eight-month leave to serve with the World Health Organization on COVID-19 initiatives. Witty's immediate resumption of duties is expected to strengthen the company's leadership amidst ongoing health challenges. UnitedHealth Group continues to focus on improving health care delivery through its two main platforms: UnitedHealthcare and Optum, offering a range of health care products and services aimed at enhancing health system efficiency.

UnitedHealth Group (NYSE: UNH) provided its updated 2020 outlook and initial 2021 projections at its annual Investor Conference. For 2020, revenues are expected to be around $257 billion, with net earnings of approximately $15.90 per share. In contrast, the initial 2021 outlook indicates revenues between $277 billion and $280 billion, with net earnings projected between $16.90 and $17.40 per share. The 2021 estimates include potential unfavorable impacts of $1.80 per share due to COVID-19 related factors. Cash flows from operations for 2021 are expected to range from $20 billion to $21 billion.

UnitedHealth Group (NYSE: UNH) will hold its annual Investor Conference virtually on December 1, 2020, starting at 9:00 a.m. ET. Senior leaders will discuss advancements in health care quality and outcomes, patient experiences, and strategies for reducing health care costs. An overview of the company's growth priorities for 2021 will also be shared. Financial performance updates for 2020, along with an initial outlook for 2021, will be released at approximately 6:30 a.m. ET on the same day. The conference will be streamed online, and a replay will be available afterward.

UnitedHealth Group (NYSE: UNH) has appointed Matthew W. Friedrich as executive vice president and chief legal officer, effective January 11, 2021. He succeeds Marianne D. Short, who will retire after serving in the role since 2013. Friedrich previously held senior legal roles at Cognizant and Chevron and has extensive experience in both the private and public sectors. CEO David S. Wichmann praised Friedrich's expertise, suggesting it will greatly benefit the company. Short will remain with UnitedHealth in a strategic advisory role through 2023.

The United Health Foundation is partnering with Any Baby Can for a three-year initiative worth $2 million to enhance at-home care for at-risk prenatal women. The collaboration focuses on improving pregnancy outcomes and reducing pre-term births through the Nurse-Family Partnership program in Austin, Texas. Grant funding will facilitate training for mothers at risk for preeclampsia and establish a mental health risk assessment protocol. Texas has a high maternal mortality rate of 18.5 per 100,000 live births, making this initiative crucial for better maternal health services.