MuraWan : Medical Costs , Interest Income And More

UnitedHealth Group (NYSE: UNH) reported full yr and fourth quarter 2022 outcomes reflecting broad-based development at Optum and UnitedHealthcare.

This press launch options multimedia. View the total launch right here: https://www.businesswire.com/information/house/20230113005085/en/

“We count on the efforts by the individuals of our firm that led to sturdy efficiency in 2022 will outline 2023 as properly, particularly delivering balanced development enterprise-wide, bettering assist for shoppers and care suppliers, and investing to make high-quality care less complicated, extra accessible and inexpensive for everybody,” mentioned Andrew Witty, chief government officer of UnitedHealth Group.

UnitedHealth Group affirmed the 2023 development and efficiency goals established at its November 29^th Investor Convention, together with revenues of $357 billion to $360 billion, internet earnings of $23.15 to $23.65 per share, adjusted internet earnings of $24.40 to $24.90 per share and money flows from operations of $27 billion to $28 billion.

• UnitedHealth Group’s 2022 revenues grew $36.6 billion or 13% year-over-year to $324.2 billion with double digit development at each Optum and UnitedHealthcare, pushed primarily by serving extra individuals and by serving them extra comprehensively.
• Full yr 2022 earnings from operations have been $28.4 billion, a rise of 19%, with sturdy contributions from Optum and UnitedHealthcare. Earnings per share grew 17% in comparison with final yr.
• The medical care ratio at 82.0% for full yr 2022 and 82.8% for the fourth quarter was in step with the corporate’s current Investor Convention outlook. Days claims payable have been 49.9 within the fourth quarter in comparison with 46.8 a yr in the past and 50.8 in third quarter 2022. Favorable medical reserve improvement was $620 million within the quarter.
• The complete yr 2022 working price ratio of 14.7% in comparison with 14.8% in 2021, with ongoing productiveness positive factors offset by enterprise combine and continued investments in development initiatives.
• Money flows from operations for the total yr have been $26.2 billion or 1.3-times internet revenue. Throughout 2022, the corporate returned roughly $13 billion to shareholders by dividends and share repurchases. Return on fairness of 27.2% in 2022 mirrored the corporate’s sturdy general development and environment friendly capital construction.

UnitedHealthcare supplies well being care advantages globally, serving people and employers, and Medicare and Medicaid beneficiaries. UnitedHealthcare is devoted to bettering the worth clients and shoppers obtain by bettering well being and wellness, enhancing the standard of care obtained, simplifying the well being care expertise and lowering the entire price of care.

• UnitedHealthcare full yr revenues of $249.7 billion grew $26.8 billion or 12% year-over-year, reflecting development within the variety of individuals served.

• Full yr working earnings have been $14.4 billion in comparison with $12.0 billion final yr, reflecting development in individuals served and continued sturdy medical and working price administration.

• Individuals served domestically by UnitedHealthcare grew by over 1.2 million in 2022, led by the corporate’s community-based and senior choices. The variety of shoppers served with home business profit choices grew by 275,000 over the previous 9 months.

Optum’s well being companies companies serve the worldwide well being care market, together with payers, care suppliers, employers, governments, life sciences corporations and shoppers. Utilizing market-leading data, analytics and expertise to yield medical insights, Optum helps enhance general well being system efficiency: optimizing care high quality, lowering care prices and bettering the buyer expertise.

• Optum full yr revenues of $182.8 billion grew $27.2 billion or 17% year-over-year, led by Optum Well being, and full yr working earnings elevated to $14.1 billion in comparison with $12.0 billion final yr.

• Optum Well being income per shopper served elevated by 29% in 2022, pushed by development in sufferers served underneath value-based preparations; growth of care supply companies, together with in-home, clinic-based, ambulatory surgical procedure, behavioral and digital; and general growing acuity ranges of the care that may be provided.

• Optum Perception’s income backlog elevated by $7.6 billion in 2022 to $30 billion, pushed by the addition of Change Healthcare and development in complete managed companies. With a view to velocity improved system efficiency and experiences for sufferers and care suppliers, Optum Perception is advancing its funding initiatives.

• Optum Rx income development of 9% in 2022 displays continued growth of its pharmacy care companies, including medical worth to drugs, together with specialty and community-based pharmacies. Adjusted scripts grew to 1.44 billion in comparison with 1.37 billion final yr.

About UnitedHealth Group

UnitedHealth Group (NYSE: UNH) is a well being care and well-being firm with a mission to assist individuals stay more healthy lives and assist make the well being system work higher for everybody by two distinct and complementary companies. Optum delivers care aided by expertise and knowledge, empowering individuals, companions and suppliers with the steering and instruments they should obtain higher well being. UnitedHealthcare affords a full vary of well being advantages, enabling inexpensive protection, simplifying the well being care expertise and delivering entry to high-quality care. Go to UnitedHealth Group at www.unitedhealthgroup.com and observe @UnitedHealthGrp on Twitter.

Earnings Convention Name

As beforehand introduced, UnitedHealth Group will talk about the corporate’s outcomes, technique and future outlook on a convention name with traders at 8:45 a.m. Jap Time at this time. UnitedHealth Group will host a stay webcast of this convention name from the Investor Relations web page of the corporate’s web site (www.unitedhealthgroup.com). Following the decision, a webcast replay will likely be on the Investor Relations web page and at https://uhg.com/Replay by January 27, 2023. This earnings launch and the Type 8-Ok dated January 13, 2023, will also be accessed from the Investor Relations web page of the corporate’s web site.

Non-GAAP Monetary Data

This information launch presents non-GAAP monetary data offered as a complement to the outcomes offered in accordance with accounting rules usually accepted in the USA of America (“GAAP”). A reconciliation of the non-GAAP monetary data to essentially the most instantly comparable GAAP monetary measure is offered within the accompanying tables discovered on the finish of this launch.

Ahead-Trying Statements

The statements, estimates, projections, steering or outlook contained on this doc embrace “forward-looking” statements that are supposed to benefit from the “protected harbor” provisions of the federal securities legislation. The phrases “imagine,” “count on,” “intend,” “estimate,” “anticipate,” “forecast,” “outlook,” “plan,” “mission,” “ought to” and comparable expressions establish forward-looking statements. These statements might include details about monetary prospects, financial situations and tendencies and contain dangers and uncertainties. Precise outcomes may differ materially from those who administration expects, relying on the result of sure elements together with: dangers related to public well being crises, large-scale medical emergencies and pandemics; our potential to successfully estimate, value for and handle medical prices; new or modifications in present well being care legal guidelines or rules, or their enforcement or utility; the DOJ’s authorized motion regarding the danger adjustment submission matter; our potential to take care of and obtain enchancment in high quality scores impacting income; reductions in income or delays to money flows obtained underneath authorities applications; modifications in Medicare, the CMS star scores program or the appliance of danger adjustment knowledge validation audits; failure to take care of efficient and environment friendly data programs or if our expertise merchandise don’t function as supposed; cyberattacks, different privateness/knowledge safety incidents, or our failure to adjust to associated rules; failure to guard proprietary rights to our databases, software program and associated merchandise; dangers and uncertainties related to our companies offering pharmacy care companies; aggressive pressures, together with our potential to develop and ship revolutionary merchandise to well being care payers and broaden entry to digital care; modifications in or challenges to our public sector contract awards; failure to develop and preserve passable relationships with well being care payers, physicians, hospitals and different service suppliers; failure to draw, develop, retain, and handle the succession of key staff and executives; the impression of potential modifications in tax legal guidelines and rules (together with any improve within the U.S. revenue tax fee relevant to companies); failure to attain focused working price productiveness enhancements; will increase in prices and different liabilities related to litigation, authorities investigations, audits or evaluations; failure to handle efficiently our strategic alliances or full or obtain anticipated advantages of strategic transactions; fluctuations in overseas forex change charges; downgrades in our credit score scores; our funding portfolio efficiency; impairment of our goodwill and intangible property; and our potential to acquire enough funds from our regulated subsidiaries or from exterior financings to fund our obligations, preserve our debt to complete capital ratio at focused ranges, preserve our quarterly dividend fee cycle, or proceed repurchasing shares of our frequent inventory. This above listing is just not exhaustive. We talk about these issues, and sure dangers that will have an effect on our enterprise operations, monetary situation and outcomes of operations extra absolutely in our filings with the SEC, together with our experiences on Varieties 10-Ok, 10-Q and 8-Ok. By their nature, forward-looking statements are usually not ensures of future efficiency or outcomes and are topic to dangers, uncertainties and assumptions which can be tough to foretell or quantify. Precise outcomes might differ materially from expectations expressed or implied on this doc or any of our prior communications. You shouldn’t place undue reliance on forward-looking statements, which converse solely as of the date they’re made. We don’t undertake to replace or revise any forward-looking statements, besides as required by legislation.

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