Roger Connor, CEO since September of the Optum Insight division that houses Change, said his teams have restored 80 percent of the functionality of the unit’s vital pharmacy, claims and payment operations and are adding to that number every day. As that happens, he added, United also is looking to add new features and to lure back clients who have migrated to other clearing houses during this crisis. O’Connor expressed confidence that the company can do that.

“We’ve got more work to do,” Connor said. “This has been a heavy lift and we’re going to continue that work.”

CEO Andrew Witty said on the conference call that United has so far helped providers to the tune of more than $6 billion to help offset the hack’s disruption. (The company’s early response on that front met with criticism from a number of healthcare stakeholders, including the American Hospital Association.) Despite the scale of the breach—Witty noted that Change would have been “extremely challenged to come back” had it still been a stand-alone entity—the initial cost estimates came in below most observers’ estimates.

That helped United beat analysts’ projections for adjusted profits during the quarter, when the company also booked a roughly $7 billion charge related to the sale of its operations in Brazil.  Operating earnings during the quarter clocked in at $7.9 billion, down from $8.1 billion in the first three months of last year. Revenues climbed to $99.8 billion from $91.9 billion in early 2023.

Shares of United (Ticker: UNH) jumped on the earnings report and ensuing commentary. In afternoon trading April 16, they were up more than 5 percent to roughly $469 on heavy volume. They are, however, still down 10 percent since mid-February, a move that has shrunk the company’s market capitalization to about $434 billion.


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