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UNITEDHEALTH GROUP

(UNH)
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Delayed Nyse  -  04:00 2022-09-30 pm EDT
505.04 USD   -0.74%
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UnitedHealthcare Donates $500,000 to Nonprofits in Oklahoma

08/10/2022 | 09:08am 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 $500,000 in Empowering Health grants to three community-based organizations in Oklahoma 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 Oklahoma include:

  • Mental Health Association Oklahoma, Oklahoma City – $225,000 to support the Lottie House Peer-Run Drop-In Center where individuals impacted by mental illness, homelessness, substance abuse and justice system can seek help, including peer recovery support, street outreach programs, mobile medical services and navigation assistance in securing other basic services such as housing, physical/mental health care and social supports.
  • Sunbeam Family Services, Oklahoma City – $200,000 to support a new resource center with a mental health hub in an underserved area, including a navigator, well-being activity supplies and other materials.
  • Give 5, Oklahoma City – $75,000 to implement a program that increases social connectedness by engaging older adults in volunteerism with local community-based organizations.

“Social and economic factors have a profound impact on achieving and maintaining good health,” said Scott Flannery, CEO, UnitedHealthcare of Oklahoma. “Through our Empowering Health grants and local outreach efforts from UnitedHealthcare, we’re working with local organizations in the state to provide Oklahoma 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 Oklahoma this includes more than $2.6 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 19 853 M - -
Net Debt 2022 21 764 M - -
P/E ratio 2022 24,2x
Yield 2022 1,20%
Capitalization 472 B 472 B -
EV / Sales 2022 1,53x
EV / Sales 2023 1,39x
Nbr of Employees 350 000
Free-Float 99,4%
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Last Close Price 505,04 $
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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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