HEALTH TECHNOLOGY

Change Healthcare Joins OptumInsight to Advance a More Modern, Information and Technology-Enabled Health Care Platform

Optum | January 07, 2021

Optum, a diversified health services organization and part of UnitedHealth Group (NYSE: UNH), and Change Healthcare (NASDAQ: CHNG), a health care technology pioneer, have consented to join. Change Healthcare will get together with OptumInsight to give programming and information investigation, technology-empowered services and examination, warning and income cycle the executives contributions to help make health care turn out better for everybody.

This combination joins two technology and administration organizations zeroed in on serving health care. Their consolidated capacities will all the more adequately interface and rearrange center clinical, managerial and installment measures - bringing about better health results and encounters for everybody, at lower cost. Change Healthcare brings key advances, associations and progressed clinical choice, authoritative and monetary help capacities, empowering better work process and conditional availability across the health care framework. Optum brings current investigation, exhaustive clinical ability, creative innovations and broad involvement with improving operational and clinical execution.

“Together we will help streamline and inform the vital clinical, administrative and payment processes on which health care providers and payers depend to serve patients,” said Andrew Witty, President of UnitedHealth Group and CEO of Optum. “We’re thrilled to welcome Change Healthcare’s highly skilled team to create a better future for health care.”

“This opportunity is about advancing connectivity and accelerating innovations and efficiencies essential to a simpler, more intelligent and adaptive health system. We share with Optum a common mission and values and importantly, a sense of urgency to provide our customers and those they serve with the more robust capacities this union makes possible,” said Neil de Crescenzo, President and CEO of Change Healthcare. Upon closing, Mr. de Crescenzo will serve as OptumInsight’s chief executive officer, leading the combined organization.

Some of the key opportunities to enhance the health care system include:

  • The combined company will help clinicians make the most informed and clinically advanced patient care decisions, more quickly and easily. Change Healthcare brings widely adopted technology for integrating evidence-based clinical criteria directly into the clinician’s workflow, while Optum’s clinical analytics expertise and Individual Health Record can strengthen the evidence base needed to deliver effective clinical decision support at the point of care. This can ensure appropriate sites of care and consistently achieve the best possible health, quality and cost outcomes.
  • Complexities across the health system result in significant levels of administrative waste. The combined company will be well positioned to make health care simpler, more efficient and more effective. A key opportunity is to enhance with insights drawn from billions of claims transactions using Change Healthcare’s intelligent health care network, combined with Optum’s advanced data analytics. This will support significantly faster, more informed and accurate services and processing.
  • Change Healthcare’s payment capacities combined with Optum’s highly automated payment network will simplify financial interactions among care providers, payers and consumers and accelerate the movement to a more modern, real-time and transparent payment system. This will ensure physicians get paid more quickly, accurately and reliably, and provide consumers the same simplicity and convenience managing their health care finances they experience with other transactions. Change Healthcare brings deep patient communication capabilities, engaging more than 200 million unique individuals each year. Integrating these engagements with people’s health financial benefits will make it simpler for consumers and enhance alignment with incentive programs which reward healthy behaviors.

“Change Healthcare has made significant progress executing its strategic objectives, including advancing innovation, accelerating growth and improving the effectiveness of the U.S. health system,” said Howard Lance, Chairman of the Board of Directors of Change Healthcare. “We are delighted to have in Optum a partner that shares a common vision of creating a better future for health care for the people and communities we serve and see this combination as in the best interests of all of our stakeholders.”

The arrangement requires the securing of Change Healthcare's basic stock for $25.75 per share in real money and is relied upon to shut in the second 50% of 2021, subject to Change Healthcare investors' endorsement, administrative endorsements and other standard shutting conditions. Private value finances associated with The Blackstone Group, which own around 20% of the regular supply of Change Healthcare, have consented to cast a ballot the offers they control for the combination.

The securing is relied upon to be accretive to UnitedHealth Group's net and changed income per share by around $0.20 and $0.50 individually in 2022, progressing emphatically in ensuing years, comprehensive of speculations to quicken technology, framework and item coordination and advancement exercises to all the more rapidly convey the estimation of this combination to all health care framework partners. Changed income reject from net profit just the after-charge non-money amortization cost relating to obtaining related immaterial resources.

About Optum

Optum is a leading information and technology-enabled health services business dedicated to helping make the health system work better for everyone. With more than 190,000 people worldwide, Optum delivers intelligent, integrated solutions that help to modernize the health system and improve overall population health. Optum is part of UnitedHealth Group (NYSE: UNH).

About Change Healthcare

Change Healthcare (NASDAQ: CHNG) is a leading independent healthcare technology company, focused on accelerating the transformation of the healthcare system through the power of the Change Healthcare Platform. We provide data and analytics-driven solutions to improve clinical, financial, administrative, and patient engagement outcomes in the U.S. healthcare system.

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