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UNH » Topics » Key Developments for Specialized Care Services

This excerpt taken from the UNH 8-K filed Jul 19, 2007.

Key Developments for Specialized Care Services

 

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Second quarter revenues rose to $1.16 billion, up $172 million or 17 percent year-over-year and $50 million or 4 percent from the first quarter of 2007. Specialized Care Services provided services to approximately 58 million unique consumers as of June 30, 2007.

 

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Specialized Care Services together with AmeriChoice launched a large-scale behavioral health services offering in April 2007, reaching approximately 175,000 people in central Tennessee on behalf of TennCare, the managed Medicaid program for the state of Tennessee.

 

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In the second quarter, earnings from operations of $213 million increased $24 million or 13 percent year-over-year and $8 million or 4 percent sequentially.

 

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The Specialized Care Services business generated an operating margin of 18.3 percent in the second quarter of 2007, a decrease of 80 basis points year-over-year and essentially flat sequentially. The year-over-year margin decline reflects strong growth from public sector clients that are contributing relatively larger per client revenues at comparatively lower overall margins.

 

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This excerpt taken from the UNH 8-K filed Apr 19, 2007.

Key Developments for Specialized Care Services

 

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First quarter revenues rose to $1.1 billion, up $132 million or 13 percent year-over-year and $94 million or 9 percent from the fourth quarter of 2006, driven by strong first quarter customer growth of approximately 1.5 million new individuals served across the portfolio of Specialized Care Services companies. Specialized Care Services provided services to approximately 58 million unique consumers as of March 31, 2007, representing an increase of 5 percent or 2.5 million people year-over-year.

 

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On April 1, 2007, Specialized Care Services together with AmeriChoice launched a large-scale behavioral health services offering reaching approximately 175,000 people in central Tennessee on behalf of TennCare, the managed Medicaid program for the state of Tennessee.

 

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In the first quarter, earnings from operations of $205 million increased $28 million or 16 percent year-over-year and were flat sequentially.

 

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The Specialized Care Services business generated an operating margin of 18.4 percent in the first quarter of 2007, an increase of 40 basis points year-over-year and a decrease of 1.7 percent sequentially.

 

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This excerpt taken from the UNH 8-K filed Apr 18, 2006.

Key Developments for Specialized Care Services

 

•   First quarter revenues rose to $980 million, up $333 million or 51 percent year-over-year and $227 million or 30 percent from the fourth quarter of 2005, driven by strong first quarter customer growth of 2.1 million new individuals served across the portfolio of Specialized Care Services companies and supplemented by the acquisition of the specialty businesses of PacifiCare, including behavioral, dental, and vision benefits and services. Specialized Care Services provided services to 56 million unique consumers as of March 31, 2006, representing an increase of 25 percent or 11 million people year-over-year.

 

•   In the first quarter, earnings from operations of $182 million increased $58 million or 47 percent year-over-year and $30 million or 20 percent sequentially.

 

•   The historic Specialized Care Services business generated an operating margin of 19.7 percent in the first quarter of 2006, an increase of 50 basis points year-over-year. The former PacifiCare businesses, given their business mixes and cost profiles, carry a lower operating margin than the historic business of Specialized Care Services, which contributed significantly to the reduction in operating margin of 60 basis points year-over-year and 160 basis points sequentially to 18.6 percent.

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EXCERPTS ON THIS PAGE:

8-K
Jul 19, 2007
8-K
Apr 19, 2007
8-K
Apr 18, 2006

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