At Optum, Larry Renfro and his team have built a $100 billion, innovative and groundbreaking organization that is truly helping make the health system work better for everyone while helping to transform health care. Renfro joined the company in January 2009 and has served as chief executive officer of the public and senior markets group. In his post, Mr. Renfro oversees OptumInsight, OptumHealth and OptumRx, as they use big data and technology to disrupt every aspect of the healthcare system. Billye Suber Aaron. Optum CEO Larry Renfro is managing partner of Optum Ventures, but though the company is also funded by Optum, it will operate independently under the leadership of partners A.G. Breitenstein and Virginia McFerran, UnitedHealth Group said. Larry Renfro. To access all the content for free, please sign up by entering your email. We look forward to providing you with even more cutting-edge market research, as Topio Networks. Chief Medical Officer, Complex Medical Conditions, President & CEO of Digital Cognition Technologies, Chief Executive Officer of Specialists On Call, Chief Executive Officer - Public, Chief Executive Officer - UnitedHealth Group, Intelligent Assistance and Bots Ecosystem. Read Bio. Larry Renfro is Managing Partner of Optum Ventures, an early-stage firm focused on emerging health care technology, analytics, and services companies with transformative capabilities. Thank you for your continued support. Optum announces $250 million fund to invest in the next generation of health care innovation with Optum Ventures. MINNEAPOLIS (March 13, 2018) - UnitedHealth Group (NYSE: UNH) today announced Larry C. Renfro, vice chair of UnitedHealth Group and chief executive officer of Optum, will lead UnitedHealth Group’s enterprise growth efforts and Optum’s next-generation investment initiatives through an expanded Optum Ventures.Andrew Witty will join UnitedHealth Group, succeeding Renfro as CEO of Optum … Health IT, Startups. David Satcher, MD. It is the venture capital investment arm of Optum that invests in digital health companies that use data and insights to help improve consumers' access to health care services and how care is delivered and paid for, and With Optum’s launch of $250M fund, what will healthcare investment priorities be? In a major personnel shift, UnitedHealth Group announced this week that Larry Renfro, CEO of its subsidiary Optum, will step away from the corner office to become managing partner of Optum Ventures and its expanded $600 million investment fund. “DispatchHealth is extending health care beyond traditional facilities to the most accessible environment of all: the patient’s home,” Larry C. Renfro, managing partner of Optum Ventures, said in a statement. Subscribe to Medical Design & Outsourcing. Under his watch Optum has become a powerhouse business in its own right, with $91.2 billion in revenue by itself in 2017. Renfro was formerly a senior executive officer at Fidelity Investments and a member of the Fidelity Executive Committee. Larry C. Renfro Managing Partner, Optum Ventures. The UnitedHealth Group unit has continued … Feds to spend $1.6B to expand COVID testing, domestic manufacturing, MobileODT wins $2.3 million grant for major cervical cancer trial, Medtronic CMO Kowal explains how remote medtech got its groove back, Medtronic reorg could open door to more contract manufacturers. The fund will be managed by Optum Analytics CEO Virginia McFerran and A.G. Breitenstein, a … Larry Renfro, CEO of Optum, will deliver the morning address. Renfro joined the company in January 2009 and has served as chief executive officer of the public and senior markets group. The Optum Ventures team also includes: Sarah London , Sr. Same platform but with new and improved features. www.vbprofiles.com is now www.topionetworks.com. He was president and chief executive officer of AARP Services, Inc., before he rejoined Fidelity in 2008. Optum Ventures provides capital and strategic guidance to startup companies solving health care's pressing challenges. Copyright © 2021 WTWH Media, LLC. UnitedHealth said that Optum Ventures will now include a new $100m global fund that’s dedicated to emerging technology, data analytics and healthcare services. Optum made headlines this year with significant acquisitions in the fields of pharmacy benefit management and urgent care centers. Sophia Vinogradov, MD Professor and Head, Department of Psychiatry, University of Minnesota. I am both excited and grateful that Larry will partner with me at the enterprise level, dedicating his talents to strengthening our present day growth agenda and future capability development and strengthening of Optum through early-stage investing at Optum Ventures,” UnitedHealth Group CEO David Wichmann said in prepared remarks. UnitedHealth Group (NYSE: UNH) today announced Larry C. Renfro, vice chair of UnitedHealth Group and chief executive officer of Optum, will lead UnitedHealth Group’s enterprise growth efforts and Optum’s next-generation investment initiatives through an expanded Optum Ventures. “Critically, he has deep experience with how data and analytics and new technologies can be used to improve patient outcomes, better serve consumers, lower costs and drive value across the system – which is at the heart of Optum’s work to shape health care for the better.”. Larry Renfro is Managing Partner of Optum Ventures, an early-stage firm focused on emerging health care technology, analytics, and services companies with transformative capabilities to make health care better for everyone. Vice Chairman of UnitedHealth Group and Founding and Managing Partner of Optum Ventures Co-Chair of MSM Campaign Read Bio. The Firm invests in early-stage and star up health care companies. Fetching new content. The MedTech 100 is a financial index calculated using the BIG100 companies covered in Medical Design and Outsourcing. Founded in 1946, the company has since served North American investors. Larry C. Renfro is Vice Chairman at UnitedHealth Group, Inc. View Larry C. Renfro’s professional profile on ... Larry C. Renfro is no longer serving in their position at Optum, Inc. ... services groups in the world. We expect this to improve access and quality for patients, and reduce expenditures related to healthcare utilization,” said Larry Renfro, vice chairman of UnitedHealth Group and CEO of Optum. Larry Renfro was named vice chairman, 美高梅app开户 Group, in November 2014, with oversight responsibility for all enterprise strategic relationships, key client relationships and companywide business growth efforts. Larry Renfro is chief executive officer of Optum, UnitedHealth Group’s health services platform, overseeing OptumInsight, OptumHealth and Optum Rx. The venture fund will invest in companies that use data and insights to help improve consumers’ access to healthcare services and how care is delivered and paid for, according to a statement from UnitedHealth Group, Optum’s parent company. MassDevice is the leading medical device news business journal telling the stories of the devices that save lives. Earlier this year, Renfro shifted roles to lead the organization's venture capital arm, Optum Ventures. Here are the top 12 deals Optum Ventures, UnitedHealthcare's $600 million venture fund, has … “Optum Ventures is uniquely positioned to help develop and grow startups and early-stage companies through capital investment, Optum’s decades of experience in health care, and our access to the health care marketplace,” Larry Renfro, CEO of Optum and managing partner of Optum Ventures, said in a statement. He brings more than three decades of healthcare system strategic thinking and knowledge from around the globe, a record of fostering innovation and partnerships, seasoned leadership of complex organizations and a commitment to improving care delivery that will now benefit Optum,” Wichmann added. Witty will succeed current Optum CEO Larry Renfro, who will take over leadership of the health insurer's venture capital arm Optum Ventures as managing director. UnitedHealth Group is transitioning Larry Renfro, the vice chair and CEO of its pharmacy benefit management arm Optum, to lead "enterprise growth efforts" at the recently expanded Optum Ventures. Renfro joined UnitedHealth Group in 2009 as CEO for the Public and Seniors Market Group before becoming CEO of Optum in 2011 and also vice chair in 2014. Optum CEO Larry Renfro unveiled Optum Ventures at UnitedHealth's investor conference this week. Bookmark, share and interact with the leading medical design engineering magazine today. Louis W. … Site Map | Privacy Policy | RSS. “We are deeply fortunate in Andrew Witty to have the right person to extend Optum’s momentum and lead the business in its next phase of growth. One moment please. Fidelity Ventures is its venture capital arm. “Our growth and diversification across UnitedHealth Group continue to advance at a strong pace, driven in part by well-recognized and growing depth in executive leadership. Optum Ventures, a fund first announced in November last year, is dedicated to supporting emerging technology, data analytics and healthcare services. “Optum Ventures is uniquely positioned to help develop and grow startups and early-stage companies through capital investment, Optum’s decades of experience in health care, and our access to the health care marketplace,” said Larry Renfro, CEO of Optum and Managing Partner of Optum Ventures. The fast-growing Optum unit of the nation’s largest health insuance company is escalating its interest in startup and innovative ventures, launching a $250 million fund to … Optum on Tuesday launched the venture fund Optum Ventures, which has $250 million to invest in digital health startup companies. It's events, podcasts, webinars and one-on-one exchanges of ideas & insights. With today’s announcement, Mindstrong Health has raised a total of $29 million. Optum Ventures is overseen by Larry Renfro, who is also vice chairman of UnitedHealth. With the addition of a new $100 million Global Fund, Optum Ventures has up to $600 million in total investment commitments, UnitedHealth Group reported. Witty has been a member of UnitedHealth’s board since August of 2017. In a major personnel shift, UnitedHealth Group announced this week that Larry Renfro, CEO of its subsidiary Optum, will step away from the corner office to become managing partner of Optum Ventures and its expanded $600 million investment fund. The LLC will be overseen by Optum CEO Larry Renfro, as managing partner. All Rights Reserved. Optum Ventures 1 year 3 months Principal Optum Ventures Dec 2020 - Present 3 months. Optum Ventures is looking at, she said, “the gig ideas to really change the way in which the system works at a fundamental level.” Breitenstein and Virginia McFerran are operating Optum Ventures independently of UnitedHealth Group’s Optum. DeviceTalks is a conversation among medical technology leaders. Larry Renfro is Managing Partner of Optum Ventures, an early-stage firm focused on emerging health care technology, analytics, and services companies with transformative capabilities to make health care better for everyone. Optum CEO Larry Renfro is managing partner of Optum Ventures, but though the company is also funded by Optum, it will operate independently under the leadership of partners A.G. Breitenstein and Virginia McFerran, UnitedHealth Group said. Optum Ventures operates as a venture capital firm. Renfro joined UnitedHealth Group in 2009 and has been CEO of Optum since 2011. Henry Louis Aaron (in memoriam) Read Bio. UnitedHealth is the latest healthcare organization to dip its toes into the venture capital space, announcing the creation of Optum Ventures, which will focus on investing in … Honorary Co-Chairs. The new global fund complements the domestic Optum Ventures fund announced in November 2017; together they have total investment commitments of up to $600 million. Scientific Advisory Board. In March 2018, Larry Renfro, the Optum CEO, joined Optum Ventures as a managing partner. Managing … “We are excited to continue partnering with DispatchHealth to drive value and outcomes for the industry.” Larry Renfro, who has led the firm since 2011, will become managing partner of venture fund as Witty steps in. Optum Ventures Global Management UK Limited is an appointed representative of Mirabella Advisers LLP, which is authorised and regulated by the Financial Conduct Authority. The company announced a Series A financing of $14 million in June of 2017. Thank you for accessing our content on the Topio Networks Market Intelligence Center. Larry Renfro is chief executive officer of Optum, UnitedHealth Group’s health services platform, overseeing OptumInsight, OptumHealth and Optum Rx. We want to make sure you get the most out of our platform. He worked in the office of the CEO at UnitedHealth Group coordinating projects in new areas of growth and development. Read Bio. Ex-GlaxoSmithKline chief executive, Andrew Witty, will take Renfro’s place as CEO of Optum on July 1, the company announced March 13. Optum Ventures will participate in Series A and Series B rounds of funding, Renfro said. Renfro has also held senior executive positions at NewRiver, Inc.; State Street Bank & Trust; and Allmerica Financial. The Medical Device Business Journal. Larry Renfro. Philip D. Harvey, PhD Leonard M. Miller Professor of Psychiatry Andrew Witty will join UnitedHealth Group, succeeding Renfro as CEO of Optum, effective July … Managing Partner, Optum Ventures. Ian Gotlib, PhD Professor and Chair, Psychology, Stanford University. ... Larry C Renfro.