UnitedHealth Group’s (UNH) Optum One is currently being used by about 700 hospitals and 7,000 medical clinics, which together cover about 140,000 healthcare providers. In 2016, Optum One reported about 28.0% YoY (year-over-year) growth in its adoption rate.
The Optum One platform derives insights for its users by combining UnitedHealth Group’s leading data set with robust predictive and clinical analytics. OptumOne enables multiple analytics and population management applications to work in an integrated fashion.
Increased penetration of Optum One is expected to have a favorable impact on UnitedHealth Group stock as well as the Vanguard Total Stock Market ETF (VTI). United Health Group makes up about 0.66% of VTI’s total portfolio holdings.
UnitedHealth Group has a wide database covering 180.0 million lives for claims data, 85.0 million lives for clinical data, 4.0 billion diagnoses, 5.0 billion medical procedures, and 11.0 billion lab tests. Its electronic medical records are enriched with its own data to predict outcomes at both individual and population levels.
So Optum One has become a preferred support solution for decision-making by physicians and hospitals. That could help UnitedHealth Group pose tougher competition to peers such as Anthem (ANTM), Aetna (AET), and Cigna (CI).
Healthcare providers use Optum One to stratify patient segments and identify ones with the greatest need for medical intervention. Benefit sponsors such as employers and social programs such as Medicare and Medicaid can also use analytics-based applications to understand the benefits and costs of their healthcare programs.
UnitedHealth Group also offers payer analytics to 20 of the 25 leading health plans in the United States. The solution also plays a vital role in helping the company locate gaps in care and ensure increased patient compliance.
In the next part, we’ll explore the growth trends for UnitedHealth Group’s OptumHealth segment.