Ingenix

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Health IT

Ingenix buys compliance consulting firm for undisclosed sum

UnitedHealth Group’s (NYSE: UNH) health information technology subsidiary Ingenix has reached an agreement to acquire a Pennsylvania-based compliance consulting company for hospitals. Ingenix didn’t disclose the price for Newton Square, Pennsylvania-based Executive Health Resources in a statement, but a Bloomberg report last week put the figure at about $1.5 billion. The deal fits with UnitedHealth’s […]

Health IT

UnitedHealth subsidiary Ingenix buys Picis

United HealthGroup‘s (NYSE: UNH) health information technology subsidiary Ingenix has acquired a Massachusetts-based hospital software provider for an undisclosed amount. Wakefield, Massachusetts-based Picis provides enterprise software to hospitals’ emergency departments, surgical suites and intensive care units, according to a statement from Ingenix. Ingenix, which provides consulting, technology and outsourcing services to nearly 6,000 hospitals in […]

Policy

Strong revenue growth powers UnitedHealth second-quarter profits

What weak economy? UnitedHealth Group Inc. (NYSE: UNH) Tuesday boosted its annual profit forecast, thanks to a strong revenue growth across all of its businesses in the second quarter. The Minnetonka, Minnesota-based company, the nation’s largest private health insurer, said it now expects to earn $3.40 to $3.60 a share on revenue of $93 billion […]