CLAIM #58544 · UnitedHealth Group Incorporated (UNH) · 2022Q3 earnings call · Oct 14, 2022 · due Dec 31, 2023
“The recently released 2024 plan year star ratings were consistent with our long-term planning expectations, with 81% of our members in 4-star or better plans, a level we expect will rise as planned refinements are finalized.”
John Rex · CFO
In context
“ry and community pharmacies. Pharmacy care services revenue growth continues to show momentum growing double-digits in the quarter compared to the prior year. And new customer sales and retention have been strong. Turning to UnitedHealthcare, revenue grew by 11% with all businesses contributing. The number of people served domestically by our commercial insured offerings increased by more than 100,000 over the past half year as we continue to experience strong growth in our newer, more affordable consumer-centric offerings. Products such as Surest, which provides consumers with greater certainty and choice over their health benefits and also our virtual first health offerings. People served by our Medicare Advantage offerings continue to grow strongly, increasing 800,000 so far this year. The recently released 2024 plan year star ratings were consistent with our long-term planning expectations, with 81% of our members in 4-star or better plans, a level we expect will rise as planned refinements are finalized. UnitedHealthcare enters 2023 and serving more people in 4 and 5-star plans than any other health plan. The number of people we serve through our Medicaid offerings has grown by 350,000 year-to-date. Most recently, we were awarded the opportunity to continue to serve the people of Nebraska in TANF, CHIP and long-term care programs. UnitedHealthcare achieved the highest score both overall and in each of the individual categories, reflecting our ability to deliver differentiated solutions aligned to our state customers’ needs. And we continue to see strength in our dual special needs offerings with exceptional consumer satisfaction, demonstrated by a net promoter score of 80. Our capital capacities remain strong. Year-to-date, adjusted cash flows from operations were $21 billion or 1.3x net”
Verify independently
SEC filings for UNH ↗ · Claim quote is verbatim from the 2022Q3 earnings call.