UNH Stock price: $405 Target From Barclays
- The stock price of UnitedHealth Group Inc ((NYSE:UN)H) has acquired a price goal of $405 by Barclays. These are the main points.
Lately, UnitedHealthcare introduced it launched digital main look after employer plans. And UnitedHealthcare is increasing its telehealth choices for employers with a brand new digital main care service, which provides entry to docs with low co-pays for routine visits over the telephone or pc.
“Prior to Covid, we worked with large primary care practices… and it was really hard to get uptake. Patients wanted it, but doctors were really uncomfortable with the whole idea of seeing patients virtually,” mentioned Dr. Donna O’Shea, Chief Medical Officer of inhabitants well being administration at UnitedHealthcare (the medical health insurance arm of UnitedHealth Group) in an interview with CNBC.
Typically, docs have been sluggish at adopting telemedicine largely attributable to reimbursement charges for digital visits usually being decrease in comparison with in-person care. Nonetheless, the COVID-19 pandemic accelerated the tempo of digital adoption within the medical business. And Authorities Medicare plans for seniors and personal well being insurers had elevated reimbursement charges throughout the pandemic.
UnitedHealth can be partnering with telehealth firm Amwell. Amwell goes to supply a platform for digital care together with medical companies via its medical group. And the digital main care program goes to initially be out there for employers in 11 states.
Disclosure: I’ve a small UNH place in my stock portfolio.