UnitedHealth Group has entered a race involving some of the nation's biggest technology companies to make it easier for patients to use their health information.
At a New York investor conference last week, UnitedHealth Chief Executive David Wichmann offered his most detailed description thus far of a project called the "individual health record," a technology that the company says is being used on a test basis with three health care groups across the country.
The idea is to get consumers more engaged with improving health and managing costs through access to health information that traditionally hasn't been well integrated.
There's a real need to give patients and caregivers access to health data across distinct record systems, analysts said, but it's also not clear exactly how UnitedHealth Group will deliver on an idea that others have been pursuing for years.
"It is not an easy task," said Julie Dooling, a director with the American Health Information Management Association. But she said of UnitedHealth's ambition: "I do think, overall, it's very positive for the industry."
Minnetonka-based UnitedHealth Group runs the nation's largest health insurer, UnitedHealthcare, as well as a fast-growing division for health care services called Optum.
UnitedHealth's overall revenue is expected to grow 7 to 8 percent next year to as much as $245 billion, with Optum revenue again growing faster than the legacy health benefits business. The company projects global medical insurance enrollment will increase by as many as 1.175 million people in 2019, which would bring the total to 50 million enrollees.
A top priority for 2019 is the launch of an individual health record (IHR) — a project that UnitedHealth said would create 50 million health records for people enrolled in its plans in the U.S. and Latin America.