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Our external growth was at the same rate as internal growth rate, says UnitedHealth Group CEO - YouTube
Channel: CNBC Television
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hi carl thanks very much i am joined by
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andrew witty ceo of united health group
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thanks so much for hosting us here at
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united health headquarters
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you had an amazing quarter
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one of the things that i noted and a lot
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of analysts were asking about is the
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fact that you had lower health costs and
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can you talk about what's happening with
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covet trends and how that fed into what
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you saw yeah no listen first of all
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bertha great to see here thanks for
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coming uh
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very happy with the performance of all
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of our businesses during the second
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quarter so strong double-digit revenue
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growth across all of the businesses the
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three optims as well as united
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healthcare
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you're right as you look at the quarter
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we saw a little less care utilization
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than we might have originally
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anticipated
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i wouldn't characterize that as very
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significant really and if you look over
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the six-month period look at q1 as well
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as q2 actually over the first half
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things are reasonably stable what we're
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seeing generally to your question on
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covert is a pretty long gap between the
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last real spike and the next
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question is is the next just beginning
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to start so we are just beginning to
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start to see a rise in covet
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hospitalizations literally in the last
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week or two so where we stand and we
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have been really all the way through
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this period we've been pretty
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conservative around our expectations of
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care utilization because we know that as
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covid comes in that has all sorts of
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effects not just obviously on
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covert care it also has all sorts of
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effect on non-covert care so it's a
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little a little uh
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a time where we still just need to be
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respectful about what we don't know and
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be cautious and conservative which is
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exactly how we've positioned ourselves
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for the for the rest of this year um and
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we're happy with the way this quarter
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played out nonetheless you did raise
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your earnings guidance and one of the
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things that a lot of folks watch is the
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optimum growth that you're saying that
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grows so much faster than the united
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healthcare
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insurance side and for people who don't
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know optum is sort of
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to united health in the way
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aws for example is to amazon this is the
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real services side and you've
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done a number of deals in that area
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why are you continuing to do deals
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you can't grow optum organically
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well so optimus had another great
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quarter up 18 in in revenue during the
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quarter and what's super interesting is
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that our external growth so that our
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growth to uh non-uhc businesses
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non-united businesses was at the same
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more or less the same rate as our
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internal growth
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or our partner growth rate that's really
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important because what that what that
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shows you is all sorts of united
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healthcare competitors are choosing to
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work with optum that growth is coming
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because of the build out we've been now
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underway for about a decade in terms of
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optum
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optum is focused on value-based care
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first and foremost how can we build
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services which allow the system to look
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after people more effectively get in
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front of disease prevent disease
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understand patients get them better care
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at lower overall cost
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that's what's really attracting people
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in to utilize our services now to do
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that we have to keep adding capabilities
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because as you think about the complex
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needs that individuals require you
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really have to keep adding uh what we're
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able to do and you see that so during
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the last quarter alone we added new
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healthcare cape new clinic capabilities
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we added new consumer digital
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capabilities to our portfolios
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we've previously announced a move into
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home health because we know that's a big
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area so the acquisition strategy for the
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company's super clear and we're
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fortunate to have a very strong capital
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position and our growth we believe going
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forward will continue to be supplemented
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by those ads what we know we can do is
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bring those those service lines those
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products those businesses those teams of
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people alongside the core optum
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organization and we can really add value
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to that
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shepherd smith here thanks for watching
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cnbc on youtube
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