Preview

Business Analysis of UnitedHealth Group: Stakeholders and Their Needs

Powerful Essays
Open Document
Open Document
1120 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Business Analysis of UnitedHealth Group: Stakeholders and Their Needs
Business Analysis Part I Paper

Rhonda Ellis-Thomas

MGT/521

University of Phoenix

Dr. Shane Howell

March 21, 2012

Business Analysis Part I Paper

Assuming the role of the mutual fund manager and after conducting a SWOT analysis, the decision has been made to select the Fortune 500 Company UnitedHealth Group to invest in. UnitedHealth Group operates in all 50 states and is based out of Minnetonka, Minnesota. The purpose of this paper is to identify the company’s internal and external stakeholders, describe their wants and needs, and explain how the company is fulfilling those needs.

UnitedHealth Group

UnitedHealth Group is a prominent health care company, serving more than 75 million individuals worldwide. UnitedHealth Group touches virtually every characteristic of health care, helping individuals live healthier lives. As a leader in the health benefits and services industry, the six businesses of the UnitedHealth Group are UnitedHealthcare Employer & Individual, UnitedHealthcare Medicare & Retirement, UnitedHealthcare Community & State, OptumHealth, OptumInsight, and OptumRx which offers incomparable service, comprehensive capabilities and lasting significance in producing a contemporary health care organism. The products and services empower individuals, expand consumer choice and strengthen patient-provider relationships across the health care spectrum (“UnitedHealth Group, n.d.”). Internal, Interface, and External Stakeholders In Healthcare, the definition of quality can be difficult and debatable because of the diverse assessments of individuals with a stake in decent Healthcare. Let’s glance at a few different stakeholders. The stakeholders are broken done into three categories, internal, interface, and external. The internal stakeholders consists of the management (Human resource manager, Clinical managers, Pharmaceutical managers, Engineering, etc.), non-management (nursing, environmental



References: CNNMoney. (2012). Retrieved from http://money.cnn.com/magazines/fortune/fortune500/2011/snapshots/3147.html Democratic underground. (2011). Retrieved from http://wwwdemocraticunderground.com/discuss/dubard.php?az=view_all Research and markets. (2012). Retrieved from http://www.researchandmarkets/reports/481636/ UnitedHealth Group. (n.d.). Retrieved from http://www.unitedhealthgroup.com/main/AboutUs.aspx

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Research key concepts of quality management in health care, factors that influence quality outcomes, and the relationship between risk management and quality management.…

    • 601 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    The current competition in today’s health care is not aligned with patient value, but the financial success of healthcare businesses. One of the most encouraging points Porter made in his lecture was his emphasis on quality improvement. Port believes…

    • 327 Words
    • 2 Pages
    Good Essays
  • Good Essays

    The healthcare sector is an area that experiences the most intense levels of competition and rivalry. Therefore, in order for companies to seize the opportunity in the marketplace they must serve specific target markets. These target markets can include children clothes, old residents in a community, or healthcare suppliers. Knowing the system and understanding the basic wants and needs for consumers, companies will be rewarded with growth and increased market shares. The main lining…

    • 976 Words
    • 4 Pages
    Good Essays
  • Good Essays

    According to the Joint Commission on Accreditation of Healthcare Organizations (JCAHO), the definition of quality exists as the level of health services for populations must be current with real-time professional knowledge providing desired health outcomes (JCAHO 2015). Huntsville Hospital’s strives to provide excellence in health care maintaining a mission to provide quality care that improves the health of the patients we serve (HH 2015). The Quality Assurance program of Huntsville Hospital (HHQA) is an ongoing systemic evaluation of health professionals and the health services serving our patients and community and the impact of those services. The focus of the HHQA continues to be on customers, leadership, and involvement of staff. However, also, visualized as components of the evaluations are structure, process, and outcomes both with internal and external quality assurance and improvement. For example, structure evaluation reveals the hand hygiene system in use, while the process evaluation shows staff performing recommended care based on professional standards of care (Dejonge et al. 2011). Lastly, the outcomes evaluation provides…

    • 1016 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    Quality Management Techniques. Evaluate the effectiveness of two or three quality management techniques that are practiced in health care organizations. What types of health care organizations and populations would ...…

    • 399 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Glickman, S. W., Baggett, K. A., Krubert, C. G., Peterson, E. D., & Schulman, K. A. (2008, Feb 18). Promoting Quality: The Health Care Organization from a Management Perspective. Retrieved from http://www.medscape.com/viewarticle/568115_4…

    • 1403 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    According to the online Oxford dictionary (2015) quality is the standard of which something or someone is measured against other similar kinds. Quality is a degree of excellent it’s the product or services as conformance to degree of customer satisfaction (Charter Quality Institute CQI 2015). According to the free online dictionary (2015) Quality management in health and social care organisation is any evaluation of services provided and the results achieve as compared with accepted standard. According to the Department of Health, Social and Public Safety (2006) to implement quality care in health and social care, standard, legislation, guidance, policies, charters and rights of expression in a careful base are needed to measure against. It means the service user needs, safety, choice, respect and they need feeling of confidence, maintenance of nutritional requirements to be met. According to the Cambridge online dictionary (2015) stakeholders are a person or a group of people, which can be internal or external which includes employees, customer or citizen who is involved with an organization, society etc. And have responsibilities toward its interest and success.…

    • 4720 Words
    • 19 Pages
    Powerful Essays
  • Good Essays

    The History Of Humana

    • 1596 Words
    • 7 Pages

    Humana is one of the leading health and well-being companies in the United States. Their focus is to make it easy for individuals to maintain their best health with excellence through coordinated care. Some of their strategies include care delivery, proactive outreach clinically, clinical and consumer insights and member experiences. In the year 2016, over 70 percent of their total services revenue and total premiums were from the federal government, fourteen percent of which was derived from their individual Medicare Advantage contracts with are in Florida with CMS. Under CMS they provided health insurance coverage to almost 600,000 members as of December of 2016. (Annual Report, 2016)…

    • 1596 Words
    • 7 Pages
    Good Essays
  • Satisfactory Essays

    P.D. Fox and P. R. Kongstevdt, “Chapter 1: An Overview of Managed Care, “in The Essentials of Managed Health Care, 5th edition, ed. P. R. Kongstevdt (Sudbury, MA: Jones & Bartlett Publishers, 2007). Retrieved from…

    • 644 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    External quality indicators are used by government agencies, third party payers and consumers to define a quality hospital stay (Kelly, 2011). The external indicators relevant to consumers for TWH include; overall patient satisfaction with hospital stay, infection rates for surgeries and patient satisfaction with nursing care. Knowing patient satisfaction with an organization, for those that are seeking similar services will allow a consumer to know if they will be able to have the desired experience at TWH. When infection rates are reported to external agencies it allows consumers to make informed decisions as to the safety of the care provided by TWH and speaks to the transparency of the quality improvement programs. Lastly, since everyone in the hospital will have contact with a nurse, the reporting of patient satisfaction with nursing care will promote the compassionate nursing culture of care available at TWH. Monitoring and reporting quality indicators externally allows the organization to know if the customer’s interests are being properly…

    • 804 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Some things to consider when trying to offer quality care from the health care facilities point of view, includes: ensuring compliance with laws and regulations, following standards of care, ensuring staff and processes are necessary and effective, continuous training, developing and analyzing systems and processes within the company, minimizing unnecessary waste, resources, and processes. There are many “performance and core quality measures”, programs that may be implemented and once a program is started,…

    • 1130 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    Organizational Change

    • 2810 Words
    • 12 Pages

    References: (2001). Crossing the quality chasm: A new health system for the 21st century. Retrieved from Institute of Medicine website: https://mymasonportal.gmu.edu/bbcswebdav/pid-2147605-dt-content-rid-5838740_1/courses/75401.201170/75401.201170_ImportedContent_20110822124739/IOM report brief.pdf…

    • 2810 Words
    • 12 Pages
    Powerful Essays
  • Good Essays

    Quality improvement among the healthcare industry is needed on a continuous basis. Staying familiar with the different trends and changes in policies is imperative for all health care organizations. Prior to any quality improvement a review and analysis of the current process is needed to determine whether or not additional adjustments are necessary. Once the areas of concern are identified a course of action plan needs to be executed. Along with process improvement quality improvement is needed in regards to patient care as well. Offering health trackers online, nurse lines for medical advice after hours, or even the ability to schedule appointments via the web. Next, I will review organizations that have contributed to reviewing the quality in healthcare organizations.…

    • 522 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Palamon case study

    • 6481 Words
    • 86 Pages

    This document is authorized for use only by John McFadden at Temple University- Fox School of Business.…

    • 6481 Words
    • 86 Pages
    Good Essays
  • Powerful Essays

    ABSTRACT: Hospitals across the country are searching for ways to improve quality of care and promote effective quality improvement strategies. This research study, by members of the economic and social research institute, identifies and describes the key factors that contributed to the success of four high-performing hospitals across the country. Essential elements of a successful strategy, according to the study, include developing the right culture, attracting and retaining the right people, devising and updating the right in-house processes, and giving staff the right…

    • 4153 Words
    • 17 Pages
    Powerful Essays