FONT-SIZE Plus   Neg

UnitedHealthcare Secures TRICARE West Region Managed Care Support Contract

UnitedHealthcare, a UnitedHealth Group (UNH) company, said its Military & Veterans Services business unit has been granted the Department of Defense's TRICARE Managed Care Support contract to provide health care services for active duty and retired military service members and their families in the West Region. The administrative services contract is worth $1.4 billion.

UnitedHealth Military & Veterans Services will be the Managed Care Support contractor serving nearly 2.9 million TRICARE beneficiaries in Alaska, Arizona, California, Colorado, Hawaii, Idaho, Iowa excluding Rock Island Arsenal area, Kansas, Minnesota, Missouri, excluding the St. Louis area, Montana, Nebraska, Nevada, New Mexico, North Dakota, Oregon, South Dakota, portions of Texas including El Paso, Utah, Washington and Wyoming.

The contract includes a transition period and five one-year option periods for health care operations. The first year of operations is anticipated to begin April 1, 2013.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Schaeffler AG, the German auto parts maker owned by the Schaeffler family, Thursday set its initial public offering price at 12.50 euros per share. The company raised gross proceeds of about 938 million euros by offering 75 million shares, of which 66 million from Schaeffler AG and the remaining 9... Dick Costolo, who stepped down as CEO of Twitter in June, is taking a bit of a career turn - to Hollywood. The one-time tech darling left Twitter after 5 years at the helm amid Wall Street concerns about the future of the social media giant. Now he will be consulting on story lines for the HBO series Silicon Valley. Formula One is reportedly near a deal that would sell the racing circuit to an investor group that includes the owner of the Miami Dolphins. The Financial Times reports that the purchase price for the racing company is $8.5 billion. According to the paper, Dolphins owner Stephen Ross has reached a hand-shake agreement with CVC, a private equity firm holding a 35.5 percent stake in Formula One.
comments powered by Disqus
Trade UNH now with 
Follow RTT