What many industry observers suggested is now confirmed: The Change Healthcare cyberattack earlier this year affected personal information of 100 million people, making it the nation’s largest-ever breach of healthcare data. Parent company UnitedHealthcare recently updated the Department of Health and Human Services’ Office for Civil Rights confirming the scope of the impact. However, it could be months or years before the department completes its investigation of Change and determines a financial penalty if it …
Read MoreProviders Seek Damages, Injunctive Relief For Change Cyberattack
At least 39 healthcare providers and the National Community Pharmacists Association (NCPA) are suing UnitedHealth Group over the Change Healthcare hack, claiming they have not financially recovered from the ransomware attack that took place in February. UnitedHealth Group’s CEO in an earnings call said the company was “a little over-optimistic” about how quickly business would return to normal. The company’s IT systems are mostly restored, but the company is still catching up on the claims …
Read MoreCyberattack Costs UnitedHealth $2.45B Against Profitable Q2
UnitedHealth Group—the parent company of Change Healthcare, which is still reeling from a massive data breach in February—raised its forecast regarding the financial impact of the cyberattack to as much as $2.45 billion on the year. That’s more than double its previous estimate. Meanwhile, UnitedHealth reported Q2 profits of $4.2 billion and revenue increases of nearly 7%, according to Healthcare Dive. After input from federal officials a few weeks ago, the company was put on-task …
Read MoreProviders Still Not Back to Normal After Change Cyberattack
Two months after the Change Healthcare cyberattack upended payments to a large percentage of the nation’s healthcare providers, organizations say they’re still suffering from the fallout, both financially and logistically, according to Kaiser Health News. Change parent company UnitedHealth Group indicated during a shareholder call on Tuesday, however, that business is largely back to normal, and its chief financial officer said that the company expects full operations to resume next year. The hacking has cost …
Read MoreChange Cyberattack: How to Get Your Advance Payment From Insurers
The Department of Health and Human Services (HHS) earlier this week posted a letter to healthcare providers acknowledging their cash flow disruptions resulting from the Change Healthcare cyberattack that crippled mission-critical eligibility and claims processes nationwide. Providers were collectively losing as much as $1 billion a day for several weeks while they waited for Change to rebuild and relaunch its systems, according to a report from Axios. HHS officials also offered a practical resource guide …
Read MoreProviders Remain Empty-Handed While Change Recovers From Cyberattack
On March 10, the Department of Health and Human Services (HHS) issued a letter to the entire healthcare industry regarding the massive cyberattack on UnitedHealth Group’s (UHG) Change Healthcare unit, which started on February 21. Change processes 15 billion healthcare transactions annually and has a connection to 1 in every 3 patient records, according to HHS. Its system is a clearing house for a number of critical services, such as revenue cycle, pharmacy, and clinical …
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