The company was founded by Richard T. Burke in January 1977 and is headquartered in Minnetonka, MN. Apr 24, 2023. Dave Wichmann is leaving a powerful legacy of service to others and commitment to innovation for us to build upon.. Source: Kantar Media, Cargill, Inc., UnitedHealth Group, Inc., University of St. Thomas (Minnesota). United Healthcare Company Profile | Management and Employees List It operates through the following segments: UnitedHealthcare, OptumHealth, OptumInsight, and OptumRx. Heather Cianfrocco will become chief executive of the PBM, which is called OptumRx. Dave Wichmann is leaving a powerful legacy of service to others and commitment to innovation for us to build upon.. For several years, Thompson ran the Medicare business at UnitedHealthcare including Medicare Advantage plans where seniors opt to receive benefits from the federal program through private managed-care companies. UnitedHealth CEO Andrew Witty pay rose 13% in 2022 All rights reserved. UnitedHealthcare's Chief Executive Officer is Brian Thompson. The OptumRx segment offers pharmacy care services. And, shes been instrumental in advancing social determinants of health and health equity strategies. They find the requirements really burdensome and onerous, she noted. The CEO pay ratio is based on a CEO's total compensation according to the summary compensation. She spent the majority of her time with the Merger & Acquisition and Customer Market Strategy practices where she worked with multiple Fortune 100 companies to set and accomplish strategic priorities, including improved customer experience, five-year strategic planning, enhanced operational processes, increased customer retention and evaluation and execution of acquisition targets. UnitedHealth said that Brian Thompson, who has been with the company since 2004, has been named Chief Executive Officer of UnitedHealthcare, the health benefits business of the company. Location. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. She has been a board member with the Jacksonville Chamber of Commerce as well as the YMCA of Clay County. Nearly all Medicare Advantage enrollees (99%) are in plans requiring prior authorization. Our leaders are dedicated to solutions that strengthen physical, social and economic health. UnitedHealth still made $2.2 billion in the fourth quarter though that number was down significantly from the more than $3.5 billion the company made in the fourth quarter of 2019. I write about healthcare business and policy, 16-Year-Old Loses Left Testicle Into Body While Picking Up Golf Ball, Dutch Ministry Of Health Will Not Reimburse Gileads Breast Cancer Drug, Trodelvy, Microsoft Wants To Automate Medical Notes With GPT-4 But Doctors Need Convincing, Study: 88% Of Melatonin Gummy Products Inaccurately Labeled, Some Included CBD, Englands Unions Split On Healthcare Pay Deal, With Increasing Reliance On Healthcare Technology, Cybersecurity Is A Growing Concern, CDC Will Stop Tracking Covid-19 Community Levels, Here Are The Problems, Promises, Perils, And Predictions For Artificial Intelligence In Medicine: A Radiologists Perspective. Meet the people who are guiding us on our mission to help people live healthier lives and help make the health system work better for everyone. Youll want to ask your medical providers how often the plan rejects their care recommendations and why. Brian joined UnitedHealth Group in 2004 and since then has held numerous leadership positions including chief financial officer for UnitedHealthcares Employer & Individual, Community & State and Medicare & Retirement businesses. Thad joined UnitedHealth Group in 2000 as an associate general counsel and assistant secretary supporting corporate development, treasury and finance. Dr. Docimo has served as a physician leader in the evolving health care marketplace for more than 20 years. UnitedHealthCare Salaries How much do UnitedHealthCare employees make? FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. Others dont want to deal with the bureaucracy, forms, and delays in the appeals process. Seven health insurance CEOs raked in a record $283 million last year UnitedHealth said that Brian Thompson, who has been with the company since 2004, has been named Chief Executive Officer of UnitedHealthcare, the health benefits business of the company. But in reality, it often keeps people from getting medical care their doctors recommend and leads them to pay more for their health problems and concerns. Prior to this role, Tim was chief financial officer and senior vice president of Federal Products . For people 65+ or those under 65 who qualify due to a disability or special situation, For people who qualify for both Medicaid and Medicare, Individual & family plans short term, dental & more, Individual & family plans - Marketplace (ACA), Individual & Family ACA Marketplace plans. Dirk McMahon - UnitedHealth Group Lana Kats has been working as a Executive Director at United Healthcare. UnitedHealth Group Announces Executive Leadership Actions Fundamental company data and analyst estimates provided by FactSet. In 2005 and 2006, he served as chief financial officer for the Medicare Advantage business, where he had oversight of financial planning, underwriting and operations. Opinions expressed by Forbes Contributors are their own. Krista Nelson is chief operating officer for UnitedHealthcare, where she leads global operational performance and experience. UnitedHealthcare contributed $200 billion of the companys $257 billion in revenue last year, according to UnitedHealths most recent earnings report. Chief Executive Officer (UnitedHealthcare Community & State) Email. UnitedHealth Group said Sir Andrew Witty has been promoted to chief executive officer in a surprise shakeup that ends the short tenure of David Wichmann as the diversified health care companys top executive. From 2006 to 2007, Paul was the controller of the Care Solutions business and was the chief financial officer for the Physical Health Solutions business from 2004 to 2006. UnitedHealthcare is dedicated to helping people live healthier lives and making the health system work better for everyone. Medicare Advantage plan executives argue that's a problem because, they say, traditional Medicare's fee-for-service system encourages doctors to prescribe unnecessary tests, health scans, and . Find the plan youre looking for today. Dirk McMahon - President and Chief Operating Officer - LinkedIn Snap CEO Evan Spiegel wiped out over $10 million in student loans for an entire graduating class. We are a health care and well-being company made up of a diverse team around the world dedicated to making health care work better through two distinct and complementary businesses: Optum and UnitedHealthcare. Most recently, he was the chief operating officer of UnitedHealthcare Employer & Individual (E&I) where he was accountable for aligning and leading the strategy, operations, product, marketing, advocacy, digital and business advancement functions. UnitedHealthcare told the Journal its changes are projected to cut its number of prior authorizations from 13 million a year to around 10 million. The American Medical Association says the new rules have taken important steps toward rightsizing the prior authorization process.. Prior to joining Jefferson Health, Dr. Docimo served both as chief medical officer for the University of Pittsburgh Medical Center (UPMC), as well as senior medical director of UPMC Hospitals. Careers | UnitedHealthcare Before joining UnitedHealth Group in 2005, Jeff spent 13 years in the airline industry in various finance and operations senior management roles. UnitedHealth Group is dedicated to continuously improving the quality of our performance for consumers, customers, care providers and our shareholders. In John Rex we have an industry-leading executive with a demonstrated track record in strategy, business development and finance whose acumen will help guide the continued, sustainable growth of our company, said Witty. UNITEDHEALTH GROUP INC annual reports of executive compensation and pay are most commonly found in the Def 14a documents. UnitedHealth's Exiting CEO to Get Salary, Bonus for 2 Years Medicare For people 65+ or those under 65 who qualify due to a disability or special situation Medicaid For people with lower incomes Dual Special Needs Plans (D-SNP) For people who qualify for both Medicaid and Medicare Individuals and familiesSkip to Health insurance Supplemental insurance Dental Vision Short term health insurance Phone. He was named chief executive officer, UnitedHealthcare, in June 2019. Executive management team Heather Cianfrocco Chief Executive Officer, Optum Rx Terry Clark EVP and Chief Marketing Officer, UnitedHealth Group, Chief Marketing & Customer Officer, Optum Roger Connor Executive Vice President, Enterprise Operations & Services Neil de Crescenzo Chief Executive Officer, Optum Insight Sandeep Dadlani He served as CFO from 2011 until mid-2016 when he became president. UNITEDHEALTH GROUP INC Executive Salaries & Other Compensation - Salary.com FORTUNE may receive compensation for some links to products and services on this website. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. Explore our stories to see our mission at work, find recent news releases, and read research offering solutions for addressing health care challenges and opportunities. I think maybe thats the future, Jain says. Prior to his current role, Paul was the corporate controller for UnitedHealthcare. How Much Does UnitedHealthCare Pay in 2023? (4,327 Salaries) Thompson replaces Dirk McMahon, who has been CEO of UnitedHealthcare since June 2019, and was named president and chief operating officer of UnitedHealth Group in February. We are committed to charting a more sustainable path forward, helping to build a modern, high-performing health system that improves access, affordability, outcomes and experiences for the people who depend on it.

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