Change Healthcare is owned by UnitedHealth Group (UHG), a leading American multinational healthcare and insurance company.
UnitedHealth Group's Acquisition
UnitedHealth Group completed its acquisition of Change Healthcare in 2022. This strategic move integrated Change Healthcare into UHG's Optum division, specifically operating under Optum Insight. UnitedHealth Group is recognized as one of the largest diversified health care companies globally, providing health coverage and benefits services, as well as technology-enabled health services.
The Critical Role of Change Healthcare in Healthcare
Change Healthcare plays a pivotal role in the U.S. healthcare system due to the vast scale of its operations. Its critical infrastructure supports various aspects of healthcare administration, including:
- Transaction Processing: The company processes an astounding 15 billion healthcare transactions annually, facilitating essential data flow between providers, payers, and patients.
- Patient Record Involvement: Change Healthcare's systems are involved in one in every three patient records, underscoring its deep integration into the fabric of healthcare data management and exchange.
The widespread impact and essential nature of Change Healthcare's services were notably highlighted following recent disruptions, emphasizing its indispensable position in maintaining the continuity and efficiency of healthcare operations across the nation.
