"Optum Is Shutting Down Its Virtual Care Business" - Endpoint News
Portfolio Pulse from Benzinga Newsdesk
UnitedHealth Group's Optum is shutting down its Optum Virtual Care business, which offered online urgent and primary care visits and prescription refills. This move raises questions about UnitedHealth's strategy in the virtual care space, especially after the business was a significant part of its telehealth services expansion in 2021 due to the Covid-19 pandemic.
April 24, 2024 | 4:10 pm
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UnitedHealth Group's decision to shut down Optum Virtual Care could reflect a strategic pivot or reassessment in its approach to telehealth, potentially impacting investor perception and future revenue streams from its virtual care services.
The shutdown of Optum Virtual Care by UnitedHealth Group could lead to negative investor sentiment in the short term due to concerns over the company's ability to adapt and compete in the telehealth market, which has seen accelerated growth due to the Covid-19 pandemic. This decision might be seen as a step back from a previously expanding sector, potentially affecting future revenue streams and strategic positioning in the healthcare industry.
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