United Healthcare 2015 Annual Report Download - page 3

PART I
ITEM 1. BUSINESS
INTRODUCTION
Overview
UnitedHealth Group is a diversified health and well-being company dedicated to helping people live healthier
lives and making the health system work better for everyone. The terms “we,” “our,” “us,” “its,” “UnitedHealth
Group,” or the “Company” used in this report refer to UnitedHealth Group Incorporated and its subsidiaries.
Through our diversified family of businesses, we leverage core competencies in advanced, enabling technology;
health care data, information and intelligence; and clinical care management and coordination to help meet the
demands of the health system. These core competencies are deployed within our two distinct, but strategically
aligned, business platforms: health benefits operating under UnitedHealthcare and health services operating
under Optum.
UnitedHealthcare provides health care benefits to an array of customers and markets. UnitedHealthcare
Employer & Individual serves employers ranging from sole proprietorships to large, multi-site and national
employers, public sector employers and other individuals and serves the nation’s active and retired military and
their families through the TRICARE program. UnitedHealthcare Medicare & Retirement delivers health and
well-being benefits for Medicare beneficiaries and retirees. UnitedHealthcare Community & State manages
health care benefit programs on behalf of state Medicaid and community programs and their participants.
UnitedHealthcare Global includes Amil, a health care company providing health and dental benefits and hospital
and clinical services to employer groups and individuals in Brazil, and other diversified global health businesses.
Optum is a health services business serving the broad health care marketplace, including payers, care providers,
employers, governments, life sciences companies and consumers, through its OptumHealth, OptumInsight and
OptumRx businesses. These businesses have dedicated units that help improve overall health system
performance through optimizing care quality, reducing costs and improving consumer experience and care
provider performance across eight business markets: care delivery, care management, pharmacy care services,
consumer engagement, distribution, health financial services, health care information technology and operational
services and support.
Through UnitedHealthcare and Optum, in 2015, we processed one half trillion dollars in gross billed charges and
we managed nearly $200 billion in aggregate health care spending on behalf of the customers and consumers we
serve. Our revenues are derived from premiums on risk-based products; fees from management, administrative,
technology and consulting services; sales of a wide variety of products and services related to the broad health
and well-being industry; and investment and other income. Our two business platforms have four reportable
segments:
• UnitedHealthcare, which includes UnitedHealthcare Employer & Individual, UnitedHealthcare Medicare &
Retirement, UnitedHealthcare Community & State and UnitedHealthcare Global;
• OptumHealth;
• OptumInsight; and
• OptumRx.
For our financial results and the presentation of certain other financial information by segment, including
revenues and long-lived fixed assets by geographic source, see Note 14 of Notes to the Consolidated Financial
Statements included in Part II, Item 8, “Financial Statements.”
1