UnitedHealth Group reported $23 billion in 2023 profits and $5.7 billion in net income for the fourth quarter as its diversified portfolio of health insurance and provider services grew by double-digit percentages.
UnitedHealth Group, a nationwide provider of medical care benefits under the Optum umbrella and a company that pays for benefits through its UnitedHealthcare health insurance plans, said 2023 revenue jumped 14.6%, or $47.5 billion, to $371.6 billion, “driven by serving more people, more comprehensively across its offerings,” the company said Friday.
At UnitedHealthcare, in particular, full-year revenue grew nearly 13% to $281.4 billion as the company grew its customer served in its health plans by more than 1 million people last year to 52.7 million. Meanwhile, Optum
“UnitedHealth Group enters 2024 well prepared to build on our efforts to improve patient care and consumer experiences broadly, and to continue delivering strong and balanced growth,” said Andrew Witty, chief executive officer of UnitedHealth Group.
