Optum
Privatepharmacy benefits manager
Founded
2011
HQ
Eden Prairie
About
Optum, Inc. is an American healthcare company that provides technology services, pharmacy care services and various direct healthcare services.
Optum was formed as a subsidiary of UnitedHealth Group in 2011 by merging UnitedHealth Group's existing pharmacy and care delivery services into the single Optum brand, comprising three main businesses: OptumHealth, OptumInsight and OptumRx. In 2017, Optum accounted for 44 percent of UnitedHealth Group's profits. In 2019, Optum's revenues surpassed $100 billion for the first time, growing by 11.1% year over year, making it UnitedHealth's fastest-growing unit at the time.
In early 2019, Optum gained significant media attention regarding a trade secrets lawsuit that the company filed against former executive David William Smith, after Smith left Optum to join Haven, the joint healthcare venture of Amazon, JPMorgan Chase, and Berkshire Hathaway.
In The News
UnitedHealth confirms Optum hack behind US healthcare billing outage
UnitedHealthcare's Optum left an internal AI chatbot exposed to the internet
Former Optum employee found guilty of fraud via 'ghost employee' scheme
Optum left an AI chatbot exposed to the internet
UnitedHealth's Optum left an AI chatbot exposed
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