The healthcare insurance and services company posted strong growth numbers, due largely to growth in total premiums, although a cyberattack affected its results.It's still early days in this latest earnings season, but it seems we can already tag one winner in the healthcare sector -- take a bow, UnitedHealth Group (UNH 0.30%).As the season lurched into action, the sprawling healthcare insurer and services provider published its first-quarter results. These not only showed very encouraging growth dynamics i ...

UnitedHealth Group is shutting down its Optum Virtual Care telehealth business.Employees were notified of the shutdown on Thursday (April 18), and some were told that their last day would be in July, Seeking Alpha reported Tuesday (April 24), citing a paywalled article by Endpoints News.Reached for comment by PYMNTS, a UnitedHealth Group spokesperson provided an emailed statement saying that the company will support the affected team members with job placement resources and, wherever possible, deploy them i ...

UnitedHealth says Change hackers stole health data on ‘substantial proportion of people in America’ The health tech giant handles health data for about half of all AmericansHealth insurance giant UnitedHealth Group has confirmed that a ransomware attack on its health tech subsidiary Change Healthcare earlier this year resulted in a huge theft of Americans’ private healthcare data.UnitedHealth said in a statement on Monday that a ransomware gang took files containing personal data and protected health inform ...

UnitedHealth Group on Monday said it paid a ransom to cyber threat actors to try and protect patient data, following the February cyberattack on its subsidiary Change Healthcare. The company also confirmed that files containing personal information were compromised in the breach."This attack was conducted by malicious threat actors, and we continue to work with the law enforcement and multiple leading cyber security firms during our investigation," UnitedHealth told CNBC in a statement. "A ransom was paid a ...

UnitedHealth Group (UNH) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this largest U.S. health insurer have returned +2.3% over the past month versus the Zacks S&P 500 composite's -4% change. The Zacks Medical - HMOs industry, to which UnitedHealth belongs, has lost 0.2% over this period. Now the key question is: Where could the stock be headed in the near term?While media ...

Change Healthcare’s troubles are apparently not over.The company, which is owned by UnitedHealth, said Thursday (April 18) it had fixed an issue that had hindered medical claims processing for some customers, per a report by Reuters.According to that report, a fix had been found and was being monitored to make sure it worked. A spokesperson told Reuters that the incident may have affected “a small subset and customers may have already been communicated,” and that the company will provide additional informat ...

The recent cyberattack on UnitedHealth Group’s Change Healthcare unit cost the company $872 million.Speaking during an earnings call Tuesday (April 16), CEO Andrew Witty said a bulk of that figure — around $595 million — were direct costs due to “the clearinghouse platform restoration and other response efforts,” such as medical expenses relating to the temporary suspension of certain care management activities.“For the full year… it’s important to note these direct costs are included in net earnings, but a ...

UnitedHealth Group Incorporated (UNH) reported first-quarter 2024 adjusted earnings per share (EPS) of $6.91 per share, which beat the Zacks Consensus Estimate by 4.2%. The bottom line rose 10.4% year over year.Revenues amounted to $99.8 billion, which improved 8.6% year over year in the quarter under review on the back of strong performance in its UnitedHealthcare and Optum business lines. The top line outpaced the consensus mark of $99.2 billion.The strong-quarterly performance was aided by growth in peop ...

UnitedHealth Group Incorporated (NYSE:UNH) Q1 2024 Earnings Conference Call April 16, 2024 8:45 AM ET Company Participants Andrew Witty - Chief Executive Officer John Rex - President and Chief Financial Officer Brian Thompson - Chief Executive Officer, UnitedHealthcare Roger Connor - Chief Executive Officer, Optum Insight and Executive Vice President, Enterprise Operations & Services, Optum Dan Kueter - Chief Executive Officer, UnitedHealthcare Employer & Individual Amar Desai - Chief Executive Officer, Opt ...

Investors are shrugging off the negative impact of a recent cyberattack.Shares of UnitedHealth Group (UNH 5.25%) were jumping 5.7% higher as of 11:17 a.m. ET on Tuesday after rising as much as 7.7% earlier in the day. The solid gain came after the giant healthcare company announced its 2024 first-quarter results before the market opened.What did investors like about UnitedHealth Group's Q1 update?UnitedHealth Group reported Q1 revenue of $99.8 billion, up 8.6% year over year. This result topped the consensu ...