Healthcare Finance News April 15, 2021
Revenues, profit and earnings per share all saw increases both month-over-month and year-over-year.
UnitedHealth Group beat industry projections by earning $4.9 billion in profit during the first quarter, according to an earnings report released Thursday. That’s an increase of $3.4 billion from the same quarter in 2020.
Revenues hit $70.2 billion, up 9% compared to the first quarter of this year, when it posted $64.4 billion in revenues. UHG said its growth was “balanced” across subsidiaries UnitedHealthcare and Optum. Revenues grew 7.9% year over year, hitting $55.1 billion, a $4 billion increase from Q1 2020.
Based on initial 2021 business performance trends, UHG increased its full year net earnings outlook to $17.15 to $17.65 per share and adjusted earnings to...
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