Overview of Optum Financial and its Role in UHG

Optum Financial, a division of Optum and part of UnitedHealth Group (UHG), aims to create an improved and more connected healthcare experience for individuals. By integrating technology and data, Optum delivers care, while UnitedHealthcare offers health benefits and coverage. This integration helps bring order and efficiency to the healthcare system, which is currently burdened with numerous point solutions. Optum Financial's services include a bank that offers health benefit accounts, such as health savings accounts, flexible spending accounts, and other financial planning tools for healthcare expenses. They have built a network connected to care providers' bank accounts for streamlined payment processes, and have facilitated the distribution of billions of dollars in healthcare payments. Their focus going forward is to leverage their infrastructure to curate new experiences and transform the payment and financing landscape in healthcare.