Real Estate Intern Report Essay
The company analyzed and discussed in this examination is among the list of health insurance firms registered within the Security Exchange Commission.
Remember: This is just a sample from a fellow student. Your time is important. Let us write you an essay from scratchGet essay help
UnitedHealth Group Included or typically referred since, “United Overall health Group, ” or the “Company is the central tenant which usually this paper will focus on. ” The corporation, which was technically known as Charter Med Included, was founded by a group of medical doctors and medical professionals in 1974. Their main target was to provide consumers a diverse variety of options on medical coverage. Ten years later, UnitedHealth Group becomes publicly traded, focusing heavily upon modern day technology.
As a general public traded business, UnitedHealth Group can be denoted as their ticker symbol, UNH. UnitedHealth Group’s core framework posits the aim of helping persons live better lives simply by innovating pondering. The foundation with the Company is derived from the best techniques in the health care business. By achieving this goal, UNH uses incorporates an innovative and progressive clientele for their business management staff to advance the health of patients. In order to reach out to potential patients, the Company operates below two programs: UnitedHealthcare, that provides health benefits, and Optum which offers health services.
UnitedHealthcare portions include Employer & Persons, Medicare & Retirement, Community & Express and Worldwide. In contrast, Optum’s sections incorporate OptumHealth, OptumInsight, and OptumRx. To fully be familiar with Company’s approach, we must first understand it is mission. UnitedHealth Group quest is “helping people live healthier lives and making health care are more effective (UnitedHealth Group, Inc. 2012, p. 1). “After we now have establish a impression of understanding, we can further more conduct a number of analysis by utilizing tools just like PESTEL, Porter’s Five Makes, and SWOT analysis.
As a result, we will be capable to interpret UnitedHealth Group’s strategy and its competitive advantage. B). In general, medical industry can be and will keep on being heavily regulated in order to guard consumers. Insurance firms and other identities must be accredited in order to work and hold jurisdiction wherever business happen to be practiced.
The complexity of regulations impedes companies including UnitedHealth Group from generating revenue. As a result, the regulations force the Company to alter how they conduct business. For example , UnitedHealth Group agreed upon a contract while using Department of Defense to supply coverage to those in the armed service who are active or retired. The service known as TRICARE Handled Care Support will serve more than 2 . 7 mil beneficiaries in 21 claims (UnitedHealth Group, Inc. 2012, p. 4).
Thus, the losses leveraged from other products or services did not gratify proper regulation. 2). Economic A). “Unfavorable economic circumstances may impact demand for specific of our products and services.
For example , excessive unemployment prices have caused and could carry on and cause lower enrollment or lower rates of vitality in our workplace group plans and our non-employer individual plans (UnitedHealth Group, Incorporation. 2012, p. 25). ” A). “As we still expand the business outside the United States, bought foreign businesses, such as Amil, will present challenges that are not the same as those presented by purchases of domestic businesses, including adapting to new market segments, business, labor and ethnical practices and regulatory conditions that are materially different from what we have experienced within our U. T. operations (UnitedHealth Group, Inc. 2012, l. 24). ” B).
Although the Company’s key operations happen to be in the United States, it has expanded its operations to other nations around the world. Conducting organization internationally encounters many elements such as “political, economic, legal compliance, polices, and detailed risks and exposures which can be unique and vary by simply jurisdiction (UnitedHealth Group, Incorporation. 2012, p. 17)”. But having already been exposed to these elements in parts of Europe, the Middle East, The african continent and Asia the new acquisition of Amil, whose solutions are distributed throughout Brazil, will deal with minimal encumbrances.
Additionally , Amil’s products and services are much similar to all those offered by UnitedHealth Group and thus effortlessly establishing to the fresh markets. The modern market, which in turn consist of more than five mil people, have been exposed to Amil’s health and teeth benefits and still have access to forty five, 000 contracted physicians (UnitedHealth Group, Inc. 2012, l. 5). 4).
Technology A). “Our ability to adequately price our product or service, to provide effective service to each of our customers in an efficient and uninterrupted fashion, and to effectively report our results of operations depends on the integrity from the data within our information systems …technology pursuits and just lately enacted polices, changes in our system platforms and integration of recent business acquisitions, we periodically consolidate, combine, upgrade and expand our information systems capabilities (UnitedHealth Group, Inc. 2012, g. 26). ” B). Technology is important to UnitedHealth Group.
Inside their earlier years, the Company supplied physicians with office computer software that managed and managed cost. Investing in technology can be costly, however for UnitedHealth Group it is a competitive advantage. One of many ways UnitedHealth Group stays endowed is by utilizing its information system’s useful resources that help buyers control their particular decision on health care.
These kinds of resources “provide greater openness around quality and cost, such as the High quality Designation® plan and Health4Me for Apple® and Android® phones, myHealthcareCost Estimator, Healthcare Lane and myuhc. com (UnitedHealth Group, Inc. 2012, p. 2). ” 5).
Environmental A). “Relatively low interest on investments, such as those experienced during recent years, have got adversely influenced our expenditure income, and a prolonged a low interest rate rate environment could further adversely have an effect on our expenditure income…delay in payment of principal and/or interest by issuers, or perhaps defaults by simply issuers, could reduce our net purchase income and may be instructed to write down the importance of our opportunities, which could materially and negatively affect the profitability and shareholders’ collateral (UnitedHealth Group, Inc. 2012, p. 25). ” B). As mentioned recently, UnitedHealth Group has an impact in the nationwide and global economy.
Because of operations executed on the international scale, UnitedHealth Group offers significant exposure to environmental elements that have an effect on shareholders’ equity. These elements include foreign exchange, government treatment, and personal instability. Due to nature in the global economic climate, the Company must take preventative actions to shield their purchases. This is exemplified when one takes remember that the Company may choose to allocate its investments in to smaller portfolios to help reduce contact with the market. Additionally , the purchase of Amil places pressure on the company’s success.
Fluctuating forex rates come with an adverse effect on the Company’s cash goes. Thus, foreign exchange may advantage UnitedHealth Group if not hindered by local government producing transfer of funds hard. 6).
Legal A). “The Health Change Legislation plus the related government and express regulations will certainly impact how we do business and may restrict earnings and registration growth in certain products and industry segments, prohibit premium growth rates for sure products and industry segments, boost our as well as administrative costs, expose us to an improved risk of liability…or put take a look at risk for lack of business…may as well create fresh or expand existing options for business expansion, but due to the complexity, the impact of the Health Reform Legal guidelines remains difficult to predict and is not yet fully known (UnitedHealth Group, Incorporation. 2012, s. 11). ” B). Health care regulations impacts the whole sector who range between consumers to providers.
Mainly because insurance companies are really controlled, it obstructs the way businesses are manage. Regulations that apply to healthcare companies, such as UnitedHealth Group, increases loss of business. For example , legislation can “includes a, nondeductible insurance industry tax to be levied proportionally through the insurance sector for risk-based products (UnitedHealth Group, Incorporation. 2012, g. 35). ” As a result, the corporation is push to pay an up to $8 billion and steadily increasing yearly.
Porter’s Five Forces A). “In particular markets, rivals may have greater capacities, resources or perhaps market share; an even more established reputation; superior provider or medical professional preparations; better business relationships; or perhaps other factors giving such competition a competitive advantage…merger and acquisition activity has took place in the companies in which we all operate, the two among the competitors and suppliers…Consolidation could make it more difficult for us to retain or maximize our consumer bottom, improve the terms on which all of us do business with the suppliers, or maintain or increase profitability (UnitedHealth Group, Inc. 2012, p. 22). ” B). Due to the limited amount of insurance companies, other companies compete for market shares.
Top firms like UnitedHealth Group carry sizable portions in segmented markets. Furthermore, mid-size companies merge together in order to enhance their shares in the market. Similarly, greater companies get smaller businesses to broaden their customer base including UnitedHealth Group with Amil. 9). Power of Suppliers (Medium) A). “We contract with physicians, hostipal wards, pharmaceutical advantage service providers, pharmaceutic manufacturers, and other health care providers for services…Failure to produce and maintain sufficient relationships with health care providers, if in-network or out-of-network, may materially and adversely influence our business… (UnitedHealth Group, Inc.
2012, p. 22). ” B). A strong reference to suppliers is essential to the company’s business because it has a strong positive correlation between prospective clients. UnitedHealth Group is one of the most significant amongst different insurers and attracts a great deal of health care providers. Therefore, an increase in suppliers dilutes their very own bargaining power. 10).
Power of Buyers (High) A). Under our risk-based benefit merchandise arrangements, we all assume the chance of both medical and administrative costs for the customers in substitution for monthly premiums…The profitability of the products is dependent in large part in our capacity to predict, cost for, and effectively take care of medical costs (UnitedHealth Group, Inc. 2012, p. 16). ” B). It is human nature to desire a variety of selections.
Although medical care insurance companies are hard to find, their products and services are not. In the case of UnitedHealth Group, a full range of services are offered to employers and individuals. Therefore, consumers have the choice and capacity to select a prepare that matches them very well. “As the commercial industry becomes more consumer-oriented, folks are assuming more personal and financial responsibility for his or her care, and they are demanding less expensive products, greater transparency and choice and personalized help navigating the complex system (UnitedHealth Group, Inc. 2012, p. 2). ” Recognizing this helps UnitedHealth Group to stay competitive.
11). Threat of Substitutes (Low) A). “Our information systems require a continuous commitment of significant assets to maintain, guard and boost existing systems and develop new systems to hold pace with continuing within information digesting technology, growing systems and regulatory standards, emerging web security risks and risks, and changing customer habits (UnitedHealth Group, Inc. 2012, p. 26). ” B).
Technology is a great alternative compared to standard products distributed by insurance agencies. Technology consists of software programs that track your quality of life, new medical treatment devices, and the ever changing Net. The issue with technology is that it can get very expensive for both the company as well as the consumer.
Therefore , only people who can afford it are among a few. On the other hand, companies who have are not developing new i . t will lose their competitive advantage and ultimately give up their very own market stocks. Consumers are very likely to find a cheaper and better alternative normally. B). UnitedHealth Group maintains a competitive advantage through its varied products and services.
Insurance is offered to large scale companies, military personal, the elderly, and those who perhaps have been hit by the recent economic climate and are unable health care through government sponsorship. The Company actually reaches to customers throughout the region and even internationally. 13).
Disadvantages A). “…legal actions we face or perhaps may face in the future can further enhance our expense of doing business and materially and adversely influence our outcomes of procedures, financial position and cash flows…certain legal activities could result in undesirable publicity, which could damage our reputation and materially and adversely have an effect on our capability to retain the current organization or grow our business in select markets and businesses (UnitedHealth Group, Incorporation. 2012, s. 23). ” B). The health care sector has include a negative significance. The public sights insurance companies since scammers that rob contemporary society. Companies gain a bad status when they acquire investigated by Government.
UnitedHealth Group’s objective is to offer people with more healthy lives, not really rob them financially. Therefore, “negative marketing may negatively affect each of our stock price, damage the reputation in numerous markets or perhaps foster an ever more active regulatory environment, which will, in turn, could further raise the regulatory problems under which we run and our costs to do business (UnitedHealth Group, Inc. 2012, g. 18). ” 14).
Opportunities B). The acquisition of Amil will provide UnitedHealth Group with newer marketplace segments, even more consumers, and increase the company’s revenue. Amil will also present diversified merchandise portfolio that have a range of goods offerings, advantage designs, and indemnity products. Furthermore, Amil will include numerous administrative providers which include network access, care management and personal services (UnitedHealth Group, Inc. 2012, p. 5).
15). Threats A). “Several in the provisions in the Health Reform Legislation will likely increase each of our medical expense trends. Instances of these provisions are the bar tax about medical products, annual costs on pharmaceutical drug manufacturers, enhanced protection requirements…the prohibition of pre-existing condition exeptions and the setup of altered community ranking requirements (UnitedHealth Group, Incorporation. 2012, s. 19). ” B). As stated in the PESTEL breakdown, within the analysis from the legal dominion, Health Reform Legislation causes a serious menace to the health of UnitedHealth Group’s business.
Excess taxes take away from your company’s income thus rendering them unable to reinvest to their company. Finally, prohibition of excluding pre-existing conditions may increase the risk and medical cost down the road. Competitive Approach 16a. “We believe the main competitive elements that can effects our businesses relate to the sales, marketing and pricing of the products and services; item innovation; client engagement and satisfaction; the exact level and quality of products and services; proper care delivery; network and clinical management functions; market share; product distribution devices; efficiency of administration operations; financial power and marketplace reputation (UnitedHealth Group, Incorporation.
2012, s. 14). ” In order for a business to have eco friendly competitive edge, they must hold their company’s vital rules. UnitedHealth Group does not only accomplish their particular objective, but they surpass different companies’ approach. First they will exceed in sales by providing premium software program as UnitedHealthcare and Optum products.
The organization also offers a variety of these items and services ranging from value-oriented plans to essential-oriented strategies. Secondly, UnitedHealth Group posseses an exclusive network system that just clients have access to. Clients get access to physicians and hospital that meet their unique needs.
In addition, the Company provides to huge national employers, public sectors employers, and midsize employers to individuals. Therefore, UnitedHealth Group is “providing nearly twenty seven million Americans access to medical (UnitedHealth Group, Inc. 2012, p. 2). ” Last but not least, UnitedHealth Group is a large health insurance company which has enabled them to control ample marketplace shares. Their recent obtain with Amil shows how strong UnitedHealth Group is usually financially. General, UnitedHealth Group is a leading company in health care insurance verified by their business factors.
The corporation uses a difference strategy to maintain steadily its competitive advantage. Article The company is producing a strong move accepting the fast growing market segments of Brazil. UnitedHealth Group has made record on being the first to acquire manage Proper care Company across seas.
The acquisition brings UnitedHealth Group more power and income to their operations. “Amil has more than 5 mil clients in Brazil and owns twenty two hospitals and 50 treatment centers. It outlook revenues of $5 billion dollars for 2012, up 15 percent from 2011. UnitedHealth got revenues of nearly $102 billion this year and expects the offer to a bit increase the 2013 profits per share (reuters. com). Ultimately Amil’s operations will be similar to UnitedHealth Group for the reason that it will give its products and services to new market segments.
In addition , “Brazil’s health care system involves public and private plans, just like the U. S i9000. model. The quantity of Brazilians covered under exclusive plans has grown more than 50 percent over the past a decade to almost 48 mil people, roughly a quarter of the country’s population (reuters. com). ” Perspective as multi-pages
Technology and Health Care Paper Essay
The item that I made a decision to use is the virtual physician visit. This visit will be structured to finance normal care for any patient with trivial illnesses. Patients ...
A chemical substance experiment how to synthesize
Aspirin The key purpose of executing this research was to view the process of the synthesis of aspirin also to help all of us understand the rules of preservation of ...
Group leadership skills term paper
Group Dynamics, Curiosity Groups, Ethnic Group, Leadership Development Excerpt from Term Paper: GROUP LEADERSHIP SKILLS refer to the ability of a leader to control a group in a manner that ...
Money should not be an issue to receive treatment Marisel Diaz Essay
Introduction The Healthcare Reform policy noises very complicated, even for our House of Representatives, that can be dealing with that for the past years. And for regular citizens, it is ...
Health Care Communications Methods Essay
Nursing home administrator is a innovator in a corporation who not simply directs the operations nevertheless is also responsible for setting the tone several cultures. (Anthony Cirillo, 2014) The supervisor ...