Exante Financial Services Becomes OptumHealth Financial Services
Posted on: Monday, 3 March 2008, 12:00 CST
OptumHealth today announced its financial services unit, Exante Financial Services, will now operate under the name OptumHealth Financial Services. The change is one of several steps being taken by OptumHealth to become the nation's leading one-stop destination for individuals navigating the health system, financing their health care and seeking to improve their overall health and well-being.
"The name change reflects our belief in the power of combining financial services with health care support," said OptumHealth chief executive officer Dawn Owens. "This combination, aligned with our other capabilities, helps people maximize the value they can get out of the health care system."
For example, OptumHealth is integrating its strong clinical programs with health incentive accounts, making it easier to financially reward individuals for their active participation in health management programs, such as those that help people to quit smoking. The company is also developing a direct-to-consumer portal that will allow individuals to access their health care information along with their health-related financial accounts administered by OptumHealth Financial Services.
OptumHealth Financial Services helps individuals finance health care needs and is one of the nation's largest administrators of health savings accounts (HSAs). It also facilitates the transfer of money and data between health care providers and payers, both through traditional paper-and-check methods and electronically, which results in better efficiency and reduced costs.
"Our in-depth knowledge of the health care system allows us to create customer-focused financial solutions designed to make health care easier and better for consumers, employers, payers and providers," said Chad Wilkins, chief executive officer, OptumHealth Financial Services. "With our new name, we reflect the fact that we are integrated with one of the largest and most innovative specialty health and well-being companies in the industry."
OptumHealth Financial Services is one of four OptumHealth businesses that work together to improve health care access, quality and affordability for more than 61 million Americans. Other businesses are Behavioral Solutions, Care Solutions and Specialty Benefits.
About OptumHealth Financial Services
OptumHealth Financial Services is dedicated exclusively to the health care financial needs of consumers, employers, health plans and health care professionals, with products and services that make health care simpler, more accessible and more affordable. Specifically, OptumHealth Financial Services:
Offers easy-to-use accounts, such as health savings accounts, health reimbursement accounts and other account based products for both active and retiree plan participants. Funds can be accessed using debit cards, online bill payment, checks or traditional reimbursement processes.
Provides a broad selection of health care financial solutions to help employers manage the financial and administrative aspects of health benefits and provide meaningful coverage to their workforces.
Helps health plans and care providers reduce administrative burden and costs with transaction solutions and card technology.
Includes OptumHealth Bank (formerly Exante Bank), Member FDIC and Administration Resources Corporation (ARC), one of the largest voluntary employees' beneficiary association (VEBA) administrators, serving thousands of public sector and commercial employers.
OptumHealth Financial Services Key Facts:
At OptumHealth Financial Services, approximately:
1.5 million consumer health care accounts and more than $560 million in HSA assets are under management at OptumHealth Bank.
More than 15 million debit and medical cards are issued annually.
$2 billion in electronic transactions are processed monthly.
20 independent health plans use the company's account-based solutions.
20,000 employers use the company's health accounts and benefits administration services.
350,000 health care providers use the company's electronic payables solution.
About OptumHealth
As one of the nation's largest health and well-being companies, OptumHealth makes health care easier and better for employers, health plans, public sector entities and the approximately 61 million people with access to its services. The company's goal is to optimize health, well-being and financial security, while lowering benefit costs and helping consumers make informed decisions about their health through stand-alone or integrated services. OptumHealth is a division of UnitedHealth Group (NYSE:UNH). More information about OptumHealth can be found at www.OptumHealth.com.
Source: Business Wire
Related Articles
- Health Care Service Corporation's Anti-Fraud Efforts Showcase Insurers' Role in Protecting Employers' and Health Plan Members' Health Care Spending
- VIDEO from Medialink, Walgreens and Take Care Health Systems: Walgreens and Take Care Health Systems Announce Offer of Free Health Care Services for Families That Suffer Job Loss and Have No Health Insurance
- An Essential Report on the Health Care Services in the UK, 2008
- Clinicas De Salud Del Pueblo Receives $3,925,000 Investment From UnitedHealth Group to Enhance Access to Health Care Services in California
- Raymond James Health Care Investment Banking Group Advises Amedisys on $395 Million Acquisition of TLC Health Care Services, Inc.
- Catholic Health System Home Care Selects McKesson's Advanced Remote Monitoring Solution to Reshape Homecare Delivery
- Docucorp to Present Health Care Services Solutions at AHIP Annual Meeting
- Docucorp to Showcase Health Care Services Solutions at AAPPO Annual Forum
- Health Benchmarks(R) Selected As Enterprise Solution for Health Care Services Corporation
 |
 |
User Comments (0)
RSS Feeds