Operations
The new CMS model allows insurers to design specific benefits to enrollees with a combination of chronic conditions.
Overall, healthcare has added 445,000 jobs in the past 12 months.
Founder Elizabeth Holmes said the company will close its clinical labs and Theranos Wellness Centers in Arizona, California and Pennsylvania.
Critics say the procedure is being oversold, leading some patients to get a treatment they don't need.
The hospitals will generate combined revenues of approximately $215 million and break even in terms of profit.
The plan is part of the insurer's goal to increase the number of payments going to providers who practice value-based care from the current 40 percent to 75 percent by 2020.
Struggling healthcare company says provision will thwart any acquisition of a controlling block of stock for six months.
Overall spending grew across the major categories of total healthcare expenditures, including public coverage, commercial coverage and the net cost of private health insurance.
The new entity, which officials said will be able to expand services, will get a new name.
Under a 10-year partnership, UnitedHealth Group Inc. and the UC system form an ACO that will be offered to large, self-funded employers statewide.