Tomorrow Old Steve will tell all those worried about their investments how he going to stabilize the company. He probably lay the rest to the staff off in the americas and worry about customer service later. Don’t you love the way the company brings on products and sales them to unsuspecting companies and they know they don’t work. Let’s take OCM. Their automated utilization review product. They have transitioned thousands of hospitals. The thing is broken most of the time with glitches . They are relying on the nurses who use the product to trouble shoot the system so they can repair it. Anyone asked themselves what will happen to Optum Health once it’s fully operational. The team tech that monitors it isn’t even here. It’s in India.
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Hiring a 3rd party to review your business practices? Lmao . Okaaaayyy
ESRO/EIS sc--wed the pooch with security and now they are throwing processes in the name of more security but slowing every IT team down with broken tools and processes. Security Office hours are a joke as they are run by offshore India teams and they just give everyone a run round… fill out more questionnaires and tickets. Now that security tools are used for more breaches, we face even more convoluted processes where thousands of people everyday (who’s very job is to just get daily updates) fir finding that should be owned by IT teams. It’s wonder we can deliver anything in Optum.
time for share buybacks to fluff the share price
@C5 When the software is written in India there is very little QA. That’s how they roll over there, just mark it completed!
$16 2025 EPS, inflation adjusted flat vs 2024. Revenue lags inflation.
Zero fix with ELT and 32+ yesmen. Govt is not a fan of social spending, AI companies launch superior products while we're reporting and ELT pet project goose chases. Raising premiums? Enjoy the great opt-out as healthy drop UHC, those with options switch carriers, and markets we "dominate" get all the sickies. Goodbye MLR.
PE of 12x = $192 share price. if we're lucky. Split the company already, Steve.
"Bulls make money, bears make money, pigs get sla-ghtered"
Time to buy more company stock for long term Remember what Warren Buffet used to say.
The earnings were awful, so better hope the damage is not too bad today and wall st. Is kind.
@OP Some the glitches are just sad. The MFA for a few clinics is a mess as the backend configuration doesn't match the onscreen instructions. QA is a mess.
@a7 'send in the hounds'
Excellent...
Pulling out of the employee stock program asap
The amount of BS fluff and bluster that man is going to spew tomorrow would keep the Hindenburg afloat for decades. His net worth is an incredibly undiversified portfolio heavily invested in this one stock.
Going into earnings the stock is DOWN from his $25m hubris prop buy during the spring kn--e drop. Personal skin alone should worry any investor to second guess this man. We can't grow UHC side of the house 10-15%, in fact it's going to be hard to keep clients given the news.
Optum side is equally a mess due to mismanagement. We have literally zero strategy - every team is reactionary. The only thing we talk about is adding AI and assuming we get to keep all the productivity gains. Meanwhile, our customers can get the AI shiny rocks elsewhere for far cheaper, without the stink of product suites built specifically to game Medicare for overpayment.
We look at Fraud, Waste, and Abuse and look at patterns where Providers follow the rules but figure out ways to bill for more. We ID these things as FWA and CLOSE THE LOOPHOLES that are technically within the letter of the rules, but violate its spirit. The DOJ investigation covers us doing exactly the same thing: Steve-O will say we did nothing wrong, it was all legal - yet if we as a Payer saw Providers doing this we'd kick them out of network and blackball to everyone else. Hopefully investors see this and the Admin takes note as well.
I like “Old Steve”. Old fashioned, like Monty Burns.
Yes, I'd like to send this letter to the Prussian consulate in Siam by aeromail. Am I too late for the 4:30 auto-gyro?
Well I guess it's a consolation I am an investor as well as on the chopping block.