UnitedHealth Group expects to provide 150 million members health insurance through value-based arrangements by 2025, the company's CEO David Wichmann said May 31 at Bernstein's 34th Annual Strategic Decisions Conference.
The 150 million-member benchmark is a massive leap from the 15 million UnitedHealthcare members in value-based care arrangements as of 2017. The health insurer currently has 1,000 value-based care coordination relationships. Value-based efforts contributed to a 17 percent reduction in hospitalizations and 10 percent more primary care visits for the insurer overall, according to Mr. Wichmann
At the conference, Mr. Wichmann also addressed OptumCare's role in value-based care programs. UnitedHealth's physician arm saves more than a third of the average cost of fee-for-service models, according to the company.
OptumCare employs or is affiliated with about 30,000 physicians, outpacing Oakland, Calif.-based Kaiser Permanente by 8,000 physicians. If OptumCare completes its acquisition of Davita Medical Group, the insurer will tack on another 17,000 physicians to its ranks, making it one of the largest physician employers in America.
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