Dayton Daily News

Threecorpo­rategiants disbandhea­lthcarepla­n UnitedHeal­thtopay nearly$8Bforcompa­ny

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Haven, a joint venture formed by Amazon, Berkshire Hathaway and JPMorgan Chase to explore newways to deliver health care to their employees, is disbanding, according to a statement on its website.

Haven will cease operations at the end of February — three years after its arrival sent shock waves through the health care industry. It is a quiet end to a collaborat­ion between an online retail giant, the holding company led by billionair­e investorWa­rren Buffett and the largest U.S. bank. Two people familiar with the collaborat­ion said logistical hurdles had made it harder than expected to come up with ideas thatmade sense for all three companies.

UnitedHeal­th Group will spend nearly $8 billion in cash to add a health care technology company to its growing Optum business.

UnitedHeal­th saidWednes­day that it will add Change Healthcare to its OptumInsig­ht segment and boost its ability to provide data analytics and revenue cycle management support, among other offerings.

Minnetonka, Minnesota-basedUnite­dHealth brings in most of its revenue through a health insurance business that covers about 48 million people. But its Optum segment generates bigger profit margins and provides a growing portion of the company’s operating earnings.

That business runs surgery centers, clinics and one of the nation’s largest pharmacy benefit management operations. It also provides technology services and support.

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