Tag

Healthcare Cybersecurity

All articles tagged with #healthcare cybersecurity

healthcare-cybersecurity1 year ago

"Assessing UnitedHealth's First-Quarter Earnings Amid Cyberattack Fallout"

UnitedHealth Group's first-quarter earnings report will provide insight into the financial impact of the cyberattack on its Change Healthcare subsidiary, which caused significant disruption in the U.S. healthcare system. Analysts are eager to see how the company accounts for the cyberattack costs and its impact on other operations within its Optum division. The outage has affected healthcare providers and insurers, leading to increased uncertainty for Medicare Advantage insurers and potentially impacting their ability to track medical utilization costs in real time. The delayed outlook on medical costs will also affect the preparation of 2025 Medicare Plan bids.

healthcare-cybersecurity1 year ago

"Healthcare Cyberattacks: Impact on Providers and Patients"

Small private practices and healthcare providers are facing financial strain as crucial reimbursement systems remain down for the ninth day following a cyberattack on Change Healthcare, disrupting transactions with major insurance companies and leaving providers unable to receive reimbursements. The outage has led to increased administrative burden and financial stress for practices, with some facing the possibility of closure. The cyberattack, attributed to ransomware group Blackcat, has raised concerns about patient care and financial viability, prompting providers to consider contingency plans while awaiting updates on when systems will be restored.