UnitedHealth to close Optum Virtual Care amid telehealth decline

UnitedHealth Group Inc. is closing its Optum Virtual Care telehealth business, with some employees' last day slated for July, PYMNTS reports. The decision comes amid a decline in telehealth usage, with a PYMNTS Intelligence report indicating that consumer participation in telehealth ranged between 30% and 40% from January to July 2022, down from the spike seen during the pandemic years of 2020 and 2021.