In an effort to strengthen its presence in Colo., health
UnitedHealth Group Inc.
) announced its plans to recruit 230 employees in the
These new appointments, which include UnitedHealthcare
Military & Veterans will serve the TRICARE West
TRICARE is a heath care program provided by the Department of
Defense. It provides health care coverage for medical services,
medications and dental care for military families and
In Jul 2012, UnitedHealth was awarded a $20.5 billion contract
to manage health care services in the TRICARE West region, which
includes active military, retirees and their families in 21
states, mostly western states, including Alask., Ariz. and a part
The contract was originally awarded to TriWest Healthcare
Alliance in 2009, but UnitedHealth appealed, and the contract was
re-bid. UnitedHealth finally won the re-bid.
The contract will be effective on Apr 2013. The contract
will add 2.9 million members and an estimated $1.4 billion of
revenue over the next five years.
The West region involves an estimated $20.5 billion of health
care services that will be provided to beneficiaries over the
next five years, beginning Apr 2013.
UnitedHealthcare Military & Veterans will serve the
Department of Defense as well as nearly 3 million active duty or
retired military service personnel and their families.
Colo. offers an attractive market for UnitedHealth. Apart from
being the second most populous city in the state of Colo. and the
41st most populous city in the United States, Colorado Springs is
home to both Army and Air Force bases.
), also serves the TRICARE South region.
UnitedHealth retains a Zacks Rank #3 (Hold).Other stocks like
Coventry Healthcare Inc.
) with a Zacks Rank #2 (Buy) are worth
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HUMANA INC NEW (HUM): Free Stock Analysis
UNITEDHEALTH GP (UNH): Free Stock Analysis
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