United healthcare Corporation was founded in the year 1977, by Richard T. Burke and obtained a Charter Med Incorporated. Charter Med Incorporated was a company structured by a number of healthcare professionals and physicians in nineteen seventy-four. The motive behind the company formation was to offer a wider variety of healthcare choices to the average consumers. After the company went public in nineteen eighty-four, the company became tremendously successful in its services. However, it was taken aback and was forced to sell off some of its assets in order to stay buoyant Ginzberg, E., & Minogiannis, P. (2004). The organization then decided to employ approaches like medical and information technologies, to stabilize it. This became fruitful, causing the organization to become one of the single health carriers in the United States. United healthcare also addresses various healthcare needs of citizens in the United States for the next decade, including a strategic plan that addresses the organizational growth.
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