UnitedHealth Group began in 1974 when a group of physicians banded together to expand health care options for patients, adopting the name UnitedHealth Group in 1977 when it restructured as an HMO with many innovative features, according to UnitedHealth Group. In 1984, UnitedHealth Group became a publicly traded company. In 2002, it acquired AmeriChoice as a platform to serve low-income patients and other vulnerable groups.Continue Reading
UnitedHealth Group has been the first to introduce many features into the health care system throughout its history, maintains United Health Group. Some of its early innovations included the development of pharmacy formularies, pre-certification for hospital admissions and using computer software to manage health care costs. UnitedHealth Group had an early focus on health care for seniors, and in 1987 introduced a program to coordinate nursing home care, which was extended in 1997 to cover seniors living independently. At around the same time, the AARP chose UnitedHealth Group to supply health care for its membership.
In 1992, UnitedHealth Group was the first health care company to provide report cards on health care costs, access and quality, states UnitedHealth Group. In 2000, the company introduced an interactive website allowing clients to order identification cards, access health information and check claim status online.Learn more about Health Insurance