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Financials : Banks | Small Cap BlendCompany profile

Unity Bancorp, Inc. is a bank holding company that serves as a holding company for Unity Bank (the Bank). The Company's primary business is ownership and supervision of the Bank. The Company, through the Bank, conducts a traditional and community-oriented commercial banking business and offers services, such as personal and business checking accounts, time deposits, money market accounts and regular savings accounts. It engages in lending activities and offers commercial, small business administration, consumer, mortgage, home equity and personal loans. The Bank is a full-service commercial bank, that provides business and consumer financial services through its office in Clinton, New Jersey and over 14 New Jersey branches located in Clinton, Edison, Flemington, Highland Park, Linden, Middlesex, North Plainfield, Phillipsburg, Scotch Plains, Somerset, South Plainfield, Union, Washington and Whitehouse. The Bank has over one Pennsylvania branch located in Forks Township.

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UnitedHealthcare Awarding $1.1 Million to Northeast Ohio Nonprofits to Help Address Social Determinants of Health

4:58 pm ET July 30, 2019 (BusinessWire) Print

UnitedHealthcare, a UnitedHealth Group (NYSE: UNH) company, is awarding $1.1 million in grants to four statewide and Cleveland-area community-based organizations to expand their services that address key social determinants of health, and improve care access and health outcomes.

These grants continue the company's long-standing commitment to Ohio by UnitedHealth Group and the United Health Foundation. Since 2016, $8.5 million has been awarded to not-for-profit organizations delivering health programs to communities in Ohio.

The grants will support a range of critical needs in northeast Ohio, including transportation services; access to fresh and healthy food; reduction of social isolation and feelings of loneliness; and access to vision screenings, comprehensive eye exams and glasses.

UnitedHealthcare is working with the organizations as part of its Empowering Health initiative that focuses on expanding access to care and addressing the social determinants of health for people in underserved communities. Nearly 80 percent(1)of what influences a person's health relates to nonmedical issues, such as food, housing, transportation and the financial means to pay for basic daily needs. Yet the health care system today directs much of its financial resources to treating illnesses rather than addressing these underlying social needs - which ultimately creates the need for more medical care.

Grant recipients include:

Ohio Association of Foodbanks - $500,000 to fund new and leased refrigerated trucks, refrigerators and freezers at food banks and food pantries across the state, and resources for safely handling and effectively marketing fresh produce. East End Neighborhood House - $260,000 to address transportation barriers and social isolation for youth and seniors in Cleveland's Greater Buckeye neighborhood by funding two 15-passenger vans and on-demand ride services through Uber Health. Helen Keller International - $250,000 to provide school- and community-based vision screenings, comprehensive eye exams and glasses to low-income children and adults in northeast Ohio. Senior Citizen Resources - $95,000 to fund two vans to replace outdated vehicles and to expand access to transportation services for northeast Ohio seniors.

UnitedHealthcare will help link the four nonprofits to one another so they can better leverage their efforts, creating an interconnected system of clinical and social services capable of producing better outcomes for local residents.

According to the most recent America's Health Rankings by the United Health Foundation, Ohio ranked 40th when analyzing a comprehensive set of behaviors, community and environmental conditions, policies, clinical care and outcomes data.

"For many people, living a healthy lifestyle goes beyond a visit to their doctor and involves a full range of social factors," said Tracy Davidson, vice president of quality & population health strategy, UnitedHealthcare Community & State. "It's difficult for people to improve their health if they can't feed their families, lack access to reliable transportation or feel isolated. Through our Empowering Health initiative, we are delivering innovative ways to make a real impact on people's health and well-being, especially for the uninsured or underserved."

In addition to UnitedHealthcare's support in Ohio, the company has launched similar community initiatives and public-private collaborations nationwide. It has invested more than $400 million in affordable-housing communities, partnered with food banks, meal-delivery and transportation services, and recently joined with the American Medical Association to standardize how social determinant data is collected and used to create more holistic care plans.

UnitedHealth Group employs 4,000 people in Ohio and serves the health care needs of nearly 2 million people statewide.

(1)Robert Wood Johnson Foundation's County Health Rankings Model, 2014.

About UnitedHealthcare UnitedHealthcare is dedicated to helping people live healthier lives and making the health system work better for everyone by simplifying the health care experience, meeting consumer health and wellness needs, and sustaining trusted relationships with care providers. In the United States, UnitedHealthcare offers the full spectrum of health benefit programs for individuals, employers, and Medicare and Medicaid beneficiaries, and contracts directly with over 1.3 million physicians and care professionals, and more than 6,000 hospitals and other care facilities nationwide. The company also provides health benefits and delivers care to people through owned and operated health care facilities in South America. UnitedHealthcare is one of the businesses of UnitedHealth Group (NYSE: UNH), a diversified health care company. For more information, visit UnitedHealthcare at www.uhc.com or follow @UHC on Twitter.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20190730006073/en/

SOURCE: UnitedHealthcare

Tony Marusic
312-348-3825 office
312-363-7714 mobile

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