It’s all about money and this pretty much says it all. When you look and compare health insurance companies there’s not one as big as United with the “huge” daily chain of subsidiaries that keeps growing at a pretty rapid speed. Most consumers don’t see the entire package here on how health insurance companies operate and make their money, they only look and think about insurance policies, which of course is the first item to look at, but when you dig beyond the first area of business you will find a lot more.
They also get patents for a lot of their developed technologies and this leaves the door open to of course sell such to many to include other insurers for one. Next time you take one of their surveys, remember it’s patented and probably available for other companies to license.
United is busy in the medical records business too…..
Occasionally they do sell some assets such as this one below which was in the clinical trial business and created their Life Sciences division.
There’s also the company China Gate they bought a couple of years ago that works to promote Chinese drugs and devices in the US and worldwide.
For a while it seemed liked almost everything the AMA was offering with electronic records and other software services all began with Ingenix (now Optum) as their initial partner. I’ve been doing this blog for over 4 years now and posted a lot of those entries. Then in February of 2012 the AMA sold their Amagine Project to AT&T. This group continues to market and sell Optum PM and Physician EMR as well as a couple other medical record services. You just wonder how the data and software trails go, or at least I do on who actually wrote and creates some of the software we see out there so when making a purchase I know who’s making money. You might be getting marketed and sold a United Healthcare product and not even know it.