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UNITEDHEALTH GROUP

(UNH)
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Delayed Nyse  -  04:00 2022-10-06 pm EDT
519.13 USD   -1.51%
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UnitedHealthcare Donates $1 Million to Nonprofits in Michigan

08/10/2022 | 09:09am EDT

Funding is part of UnitedHealthcare’s $11 million in Empowering Health grants focused on expanding access to care and addressing the social determinants of health for people in underserved communities

UnitedHealthcare, a UnitedHealth Group (NYSE: UNH) company, is awarding $1 million in Empowering Health grants to five community-based organizations in Michigan to expand access to care and address the social determinants of health for uninsured individuals and underserved communities.

In total, UnitedHealthcare is donating $11 million in grants through its Empowering Health program across 11 states. The grants will assist individuals and families experiencing challenges from food insecurity, social isolation and behavioral health issues, and support local health promotion and health literacy efforts.

Grant recipients in Michigan include:

  • Brilliant Detroit – $300,000, in collaboration with Wayne State University’s Family and Mental Health Wellness Lab and the Stress, Trauma, and Anxiety Research Clinic (STARC Lab) – to develop and implement a resiliency platform to positively impact the behavioral health and well-being of children from birth to age 8 and their families at three neighborhood hubs.
  • Boys & Girls Clubs of Benton Harbor – $250,000 to expand the Triple Play program, which addresses physical activity, good nutrition and healthy relationships for children ages 6-18.
  • YWCA Kalamazoo – $200,000 to expand the Women and Infant Supportive Health home visitation program to deliver health education to expectant mothers.
  • The Children’s Center, Detroit – $125,000 to support the Real-Life Learning Program, which works with children diagnosed with at least one childhood mental disorder of emotional disturbance, mental illness or intellectual developmental disability.
  • Detroit Area Agency on Aging – $125,000 to support the Grocery Delivery Program, which purchases nutritious groceries and delivers prescriptions to homebound seniors.

“Social and economic factors have a profound impact on achieving and maintaining good health,” said Dennis Mouras, CEO, UnitedHealthcare Community Plan of Michigan. “Through our Empowering Health grants and local outreach efforts from UnitedHealthcare, we’re working with local organizations in the state to provide Michigan residents with an interconnected system of clinical and social services that can produce better health outcomes and make the health system work better for everyone.”

According to the American Journal of Preventive Medicine, approximately 80% of what influences a person’s health relates to nonmedical issues, such as food, housing, transportation and the financial means to pay for basic daily needs. The COVID-19 pandemic has caused additional social and economic challenges that continue to affect healthy behaviors and exacerbate health disparities.

More than a third of members screened by UnitedHealthcare for social-related needs experience at least one social determinant of health. UnitedHealthcare leverages the company’s data to identify health disparities according to race, ethnicity, gender, geography and education level.

Since launching its Empowering Health commitment in 2018, UnitedHealthcare has now invested more than $51 million in Empowering Health grants reaching more than 8 million people through partnerships with community-based organizations in 30 states and the District of Columbia.

UnitedHealth Group, including UnitedHealthcare and Optum, and its affiliated companies, is dedicated to advancing health equity and building healthier communities by supporting programs to improve access to care and address key determinants of health. In Michigan this includes more than $5 million in contributions from 2019-2021 representing its businesses, foundations and employees.

Additionally, UnitedHealth Group has invested more than $800 million in affordable housing communities since 2011, partnered with food banks and meal-delivery services, and in 2019 joined with the American Medical Association to standardize how social determinants of health data is collected and used to create more holistic care plans. In June, the United Health Foundation, the philanthropic foundation of UnitedHealth Group, made a $100 million commitment over 10 years to advance health equity, furthering its efforts to eliminate health disparities. This was the largest single philanthropic commitment ever made by the United Health Foundation.

About UnitedHealthcare

UnitedHealthcare is dedicated to helping people live healthier lives and making the health system work better for everyone by simplifying the health care experience, meeting consumer health and wellness needs, and sustaining trusted relationships with care providers. In the United States, UnitedHealthcare offers the full spectrum of health benefit programs for individuals, employers, and Medicare and Medicaid beneficiaries, and contracts directly with more than 1.5 million physicians and care professionals, and more than 6,700 hospitals and other care facilities nationwide. The company also provides health benefits and delivers care to people through owned and operated health care facilities in South America. UnitedHealthcare is one of the businesses of UnitedHealth Group (NYSE: UNH), a diversified health care company. For more information, visit UnitedHealthcare at www.uhc.com or follow @UHC on Twitter.


© Business Wire 2022
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Financials (USD)
Sales 2022 322 B - -
Net income 2022 19 856 M - -
Net Debt 2022 21 764 M - -
P/E ratio 2022 24,8x
Yield 2022 1,17%
Capitalization 486 B 486 B -
EV / Sales 2022 1,57x
EV / Sales 2023 1,43x
Nbr of Employees 350 000
Free-Float 99,5%
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Number of Analysts 26
Last Close Price 519,13 $
Average target price 574,42 $
Spread / Average Target 10,6%
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Managers and Directors
Andrew Philip Witty Chief Executive Officer & Director
Dirk C. McMahon President & Chief Operating Officer
John Franklin Rex Chief Financial Officer & Executive Vice President
Stephen J. Hemsley Chairman
Margaret-Mary Wilson Chief Medical Officer & Executive Vice President
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