![]() ![]() "Optum Ventures is uniquely positioned to help develop and grow start-ups and early-stage companies through capital investment, Optum's decades of experience in health care, and our access to the health-care marketplace," said Renfro. Among the fund's first investments are Apervita, a cloud-based analytics platform SHYFT Analytics, a cloud-based pharmaceutical research platform, and Mindstrong Health, which uses machine learning to help patients assess their mental health disorders through their smartphones. Renfro announced the launch of Optum Ventures during the meeting, which is committing $250 million to fund digital health-care firms. Asked about the potential threat of Amazon and other tech giants entering the health-care market, Larry Renfro, the chief executive of the insurer's Optum unit, said the company is trying to catch up when it comes to early-stage companies. Beyond its financial goals, UnitedHealth executives outlined a number of programs that tap Optum's data and apply machine learning to improve patient engagement and outcomes with both commercial employer members and Medicare enrollees. They are projecting full-year earnings of $10.55 to $10.85 per share, excluding items. Executives said the return of the Obamacare health insurance tax next year will pose a 75-cent-per-share headwind to profits. The main growth drivers are expected to be the company's Optum data analytics and health-care services business, and growth in the Medicare Advantage membership on the health insurance side. UnitedHealth is forecasting 2018 revenue growth of roughly 12 percent, to $223 billion to $225 billion, which is above the consensus estimate of analysts surveyed by Thomson Reuters. "This is a restless company, dissatisfied with the status quo in health care," he said. "People have asked me, 'What's going to be different now that you're CEO?' My short response is that very little will change and everything will change," said Wichmann, who succeeded Stephen Hemsley as chief executive in September, after serving as UnitedHealth's chief financial officer for five years. That was the underlying message from new CEO David Wichmann at the health-care company's analyst day in New York. Personal Loans for 670 Credit Score or Lowerįor UnitedHealth Group the focus next year is more about getting ahead of potential competition from tech heavyweights such as Amazon and Apple than getting bogged down in the twists and turns of health reform in Washington. Personal Loans for 580 Credit Score or Lower SWFI is a minority-owned organization.Best Debt Consolidation Loans for Bad Credit SWFI facilitates sovereign fund, pension, endowment, superannuation fund and central bank events around the world. Sovereign Wealth Fund Institute (SWFI) is a global organization designed to study sovereign wealth funds, pensions, endowments, superannuation funds, family offices, central banks and other long-term institutional investors in the areas of investing, asset allocation, risk, governance, economics, policy, trade and other relevant issues. Registration on or use of this site constitutes acceptance of our terms of use agreement which includes our privacy policy. All material subject to strictly enforced copyright laws. No affiliation or endorsement, express or implied, is provided by their use. Other third-party content, logos and trademarks are owned by their perspective entities and used for informational purposes only. Sovereign Wealth Fund Institute® and SWFI® are registered trademarks of the Sovereign Wealth Fund Institute. © 2008-2023 Sovereign Wealth Fund Institute. ![]()
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