CLAIM #58543 · UnitedHealth Group Incorporated (UNH) · 2022Q3 earnings call · Oct 14, 2022 · due Dec 31, 2023
“Care patterns in the quarter remained similar to those of the second quarter and our planning for next year anticipates care patterns continue to normalize.”
John Rex · CFO
In context
“ed for care in acute and post-acute settings, a real positive for them. The expanding clinical breadth and deepening integration of our value-based care offerings are moving us beyond the confiance of traditional clinical settings, creating an opportunity for us to serve more people more effectively. With that, now I will turn it over to Chief Financial Officer, John Rex. John Rex: Thank you, Dirk. As those of you listening know well, numbers can tell a story and the story our numbers tell is one of broad-based growth and substantial near and long-term potential. So, let me walk through some of those numbers with you. In the third quarter, UnitedHealth Group revenues of $81 billion grew 12% or $8.6 billion, highlighted by broad-based double-digit growth at both Optum and UnitedHealthcare. Care patterns in the quarter remained similar to those of the second quarter and our planning for next year anticipates care patterns continue to normalize. We are encouraged to see people obtaining preventive screenings at levels broadly consistent with longer term norms. And we are maintaining our focus on getting people the care they need. And acuity patterns remain stable, but as always, we are highly respectful of and watchful for evolving medical cost trends. Looking now at the performance of our specific businesses. OptumHealth’s third quarter revenue increased 34% year-over-year as revenue per consumer grew 31%. Growth continues to be led by the increasing number of patients served under value-based care relationships and the expanding types of care settings offered by Optum from meeting behavioral needs to comprehensively serving people in their homes, to higher acuity ambulatory surgery. OptumInsight’s revenue grew 18% in the quarte”
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SEC filings for UNH ↗ · Claim quote is verbatim from the 2022Q3 earnings call.