MAAT INDEX

CLAIM #58645 · UnitedHealth Group Incorporated (UNH) · 2023Q3 earnings call · Oct 13, 2023 · due Dec 31, 2024

As we've noted, our outlook assumes these activity levels persist throughout next year.

John Rex · CFO

PENDING
graded after results covering Dec 31, 2024 are reported

In context

today is a direct result of investments made over many years to develop and connect the diverse health capabilities needed to serve the people, who rely on us each day, while also creating the foundational capacity to serve millions more in the years ahead. This capability development has long been in the making, and it's still very much underway as the opportunities to serve more people, more deeply continue to expand. Before reviewing our business results, I'll offer a few brief comments on care activity. Care patterns remain consistent with the view we shared during the second quarter, with activity levels still led by outpatient care for seniors, and still most notably in the orthopedic and cardiac procedure categories. These trends remain stable at the levels we previously described. As we've noted, our outlook assumes these activity levels persist throughout next year. We continuously monitor a broad spectrum of patient acuity levels and have yet to see any other notable changes. For example, within oncology, the average stage at which we are first seeing cancer diagnosis remains consistent with historical patterns. As always, we remain diligent in looking for changes to the underlying health of patients. With that, let's turn to our third quarter results. Revenues of $92.4 billion grew by 14% over the prior year, with double-digit growth again at both Optum and UnitedHealthcare. Optum Health revenues grew by 29% approaching $24 billion, driven by an increase in the number of care services we offer and patients we serve, especially for those with complex care needs. Operating margins continue to reflect the initial clinical engagement activities that su

Verify independently

SEC filings for UNH · Claim quote is verbatim from the 2023Q3 earnings call.