Read on
https://www.beckershospitalreview.com/disruptors/optums-q1-revenue-hits-54-1b.html?origin=CIOE&utm_source=CIOE&utm_medium=email&utm_content=newsletter&oly_enc_id=6188A0242256G0A
It’s “blo@@d” $$!! Investigation by progress on OptumRX .. RIF to cover on fines/lawsuits. In the meantime C level ranking in millions stock options/bonuses.. is this org. actually managed by humans?
Top bringing new staff just to rid off them .. you never see accountability or ownership from the top when things go south.. let’s see the proxy from 2021 and 2022 side by side if the top take a cut with their bonuses/stock options? CEO overall comp was $18M when average worker made $64.5k in 2021?
@1mzt+1mb8Q1mB- CMS healthcare rules/regulations constantly changing to protect the public. Look at how much fines/lawsuits historically been paid out by UHG? Time to market takes priority over meeting compliance and/or safe guard of talented/loyal human capitals. The lack of proactive strategy leads to constant RIF to meet bottom line. Congress would not start investigating OptumRX if the business practices in alignment with being ethical. Recent RIFs - another example of trying to make the proxy 2022 looking pretty at the expense of human capitals.
CMS rules change the landscape of the UHG business. Pointing to the revenue and growth experienced under [X] rules and assuming the business can continue to grow and remain just as profitable under [Y] rules is naaive.
UHG is a publicly traded company. It must find ways to keep growing or keep increasing the bottom line for its stakeholders. If the rules of the business suddenly change, changes withing the business can be expected.
"Those at top are so greedy. They just want to fire everyone to make more money for their bonuses."
This may sometimes be true. However, it may sometimes not be. Some of the same folks making these difficult decisions are the same ones who approved bringing on all the new staff over the years too. Was bringing on new staff greedy too?
The same situation can be viewed a million different ways.
They ki-led me.