NewYork-based healthcare company Crystal Run has been reportedly purchased by UnitedHealth Group. According to the press, UnitedHealth Group’s acquisition of Crystal Run Healthcare, a physician group with a network of 400 doctors, demonstrates the increased interest that managed care organizations have in primary care providers.
A leading medicine website reached out to UnitedHealth Group and Crystal Run Healthcare for comment, but neither organization responded right away. This information was released around seven months after it was revealed that UnitedHealth Group was proceeding with its acquisition of Change Healthcare after a federal court rejected an antitrust complaint brought by the Justice Department.
Optum, a UnitedHealth Group subsidiary, announced the completion of the transaction. In a news statement, Optum stated that the merger intends to “offer a simpler, more intelligent, and adaptive health system”. Optum is of the opinion that the integration would simplify and consolidate the essential clinical, administrative, and financial processes that healthcare providers and payers use to care for patients, leading to greater efficiency, reduced friction, and improved outcomes for all stakeholders while lowering costs.
These acquisitions coincide with a number of key developments in the healthcare sector. For instance, according to Amazon, the future of healthcare will resemble that of retail much more, putting the needs of the client first and relying more heavily on artificial intelligence (AI).
The CEO of Crystal Run Teitelbaum stated that the company has identified fee for service reimbursement model as not being effective and that the company has pledged to move to value-based care focused on the triple objective.
Optum and Crystal Run both have a strong commitment to offering patients dependable local care with an emphasis on cost-effectiveness and innovation. Optum is thrilled to collaborate in order to enhance the top-notch medical services Crystal Run offers to locals in the Hudson Valley and lower Catskill area. The patients of Crystal Run will continue to get care regardless of whether they are insured by commercial, Medicare, or Medicaid insurance.
Both companies aim is to improve the patient experience and provide access to high-quality healthcare alternatives.
Optum Healthcare’s Health division has been a significant development area, and it has acquired other provider companies to broaden its reach. One of the largest employers of doctors in the nation, Optum Health has more than 70,000 doctors on staff.
Houston-based Kelsey-Seybold Clinic, Refresh Mental Health, and Atrius Health are the company’s recent purchases. The $5.4 billion acquisition of LHC Group, a home health provider with 30,000 workers spread across 38 states, by Optum was finalized at the start of the year. Optum acquired at least five additional provider organizations in 2022.