The debilitating cyberattack on Change Healthcare last month is costing the Massachusetts health care system about $24 million a day, and care providers are looking to health insurers for financial relief.
Change Healthcare, a massive U.S. health care technology company owned by UnitedHealth Group, said a ransomware group claimed responsibility for a cyberattack and it has affected billing and care authorization portals. last month is costing the Massachusetts health care system about $24 million a day, and care providers are looking to health insurers for financial relief.
With Change Healthcare's systems still impaired for now, some Massachusetts hospitals might need loans or bridge payments in order to pay providers, the health and hospital association said in its newsletter Monday. "There were some smaller hospitals that used Change for their revenue cycle, and we stepped in to help them with their cash flow, related to if the revenue cycle is delaying," Walsh said."Health care breaches are growing in popularity and severity, I guess, and your health information is worth a lot more on the web than your credit card information. Almost every hospital CEO has dealt with a breach.
"Prolonged disruption of Change Healthcare's systems will negatively affect the ability of many hospitals to offer a full set of healthcare services to their communities," the hospital association's Walsh wrote."If health plans are unable to pay claims, hospitals and health systems may be unable to pay salaries, acquire necessary medicines and supplies, and pay for mission-critical contract work in areas such as physical security, dietary, and environmental services.
Pellegrini said the cyberattack, and the inevitability of future incidents, underscores the need for hospitals to invest in back-up systems that will allow providers to continue handling administrative tasks.
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