(Reuters) — UnitedHealth Group Inc on Thursday modestly raised its 2022 revenue forecast, saying demand for healthcare procedures deferred in the course of the pandemic was approaching regular ranges however had not elevated as feared.
Whereas the corporate has seen stress on earnings from prices associated to COVID-19 testing and therapy, a few of that was offset by folks avoiding non-urgent care in the course of the pandemic.
And a few US hospitals had been once more compelled to defer elective surgical procedures in the course of the document Omicron-fueled surge in COVID-19 within the first quarter. Instances have since dropped sharply from a pandemic peak in January.
Demand for sure procedures, resembling most cancers screenings, have picked up tempo, UnitedHealth mentioned. Nonetheless, emergency division and pediatric visits, which add to the well being insurer’s prices, had been trending beneath regular ranges, it mentioned.
“What we’ve not seen although is an expectation we had that incidence charges would possibly come up due to missed remedies over the precedent days,” Chief Monetary Officer John Rex informed analysts on a convention name.