Thread regarding Optum layoffs

$371B Revenue vs $6.3B Delay Payments

https://www.beckershospitalreview.com/cybersecurity/the-change-healthcare-cyberattack-a-timeline.html

This is disheartening indeed. If you are late in premiums, you got your healthcare coverage cancelled. Yet, when you put national wide providers financial and PT life at risk with no direct consequences? There is something seriously wrong with our healthcare oversight governing body. This is allowed in the USA and 21st century. DOJ has failed to enforce anti trust …

by
| 1171 views | | 6 replies (last March 19, 2024) | Reply
Post ID: @OP+1rzBDR3T

6 replies (most recent on top)

At the end of the day, this company is not about healthcare. It is about acquiring businesses to increase profits. PERIOD! They are an acquisition company. They have a long track record of denying claims, they have a long track record of Corporate Greed. The CEO has a long track record of unethical behaviour which resulted in billions of dollars in fines for GSK (his previous employer) and he is doing the same thing here. Risk vs Monetary reward. The board agrees because it results in higher shareholder value and profits vs the penalties.

YES, layoffs have everything to do with the current IT Security situation. IT professionals are handsomely compensated. When they rif'd these people, out walked the leadership and knowledge base. The company doesn't not care about legacy knowledge of the companies they acquire. They care about the profits and the money that it provides. Layoffs reduce the expenses and doing so increases shareholder value. This is a FOR PROFIT company. They didn't provide compensation increases for Grades 30 and above, they wanted to reduce workforce by attrition rather than severance packages. ...and they didn't keep that a secret either. They are blatant and they don't care about anything but their own compensation and shareholder value. Welcome to UHG/Optum

They need to be stopped! Life is so much better from the outside looking in. GET OUT when you can

by
| | Reply
Post ID: @3mty+1rzBDR3T

More fun calling the company out on "their" misdeeds than doing the layoff shuffle (to whomever is looking for panic and obedience)

by
| | Reply
Post ID: @2tgv+1rzBDR3T

FACTS!!! Yes, because they continue to layoff - - directly related.

by
| | Reply
Post ID: @1buw+1rzBDR3T

An org. bragged on $371B yet could not make good on the damage of unpaid $6B claim.

Right go back to your cave and stay in your little dark world without any concern for the rest of the world! Good parenting started in the home. Obviously when you kicked all your people to the curb(RIFs), need I say more to help with your basic comprehension? No wonder this org is in a hot mess.. sadly

Pay them claims that’s the basic good you can repent to the humanity!

by
| | Reply
Post ID: @1bop+1rzBDR3T

You keep asking and I'll keep answering. Everything to do with layoffs.

by
| | Reply
Post ID: @1tqi+1rzBDR3T

Does this have anything to do with layoffs? Please help you understand.

by
| | Reply
Post ID: @wtn+1rzBDR3T

Post a reply

: