I've written about the business of healthcare for more than three decades, starting from my native Iowa where I covered the presidential campaign bus rides of Bill and Hillary Clinton through the Hawkeye state talking health reform and the economy.
unit will cost the company between $2.3 billion and $2.45 billion in 2024. In this photo is Andrew Witty, chief executive officer of UnitedHealth during a Senate Finance Committee hearing in Washington, D.C. on Wednesday, May 1, 2024. Photographer: Al Drago/BloombergUnitedHealth Group now says the total impact of the cyberattack on its Change Healthcare unit will cost the company between $2.3 billion and $2.45 billion in 2024.
A cyberattack in February on Change Healthcare triggered chaos for physicians and medical care providers across the country, paralyzing Change Healthcare’s massive billing and payment system. The attack triggered a shutdown of parts of Change Healthcare’s electronic system, leaving doctors and other providers of medical care without the ability to get insurance approval of patient services.
The fallout from the February cyberattack against Change Healthcare, the largest billing and payment system in the U.S., left thousands of doctor practices financially hurting, with 80% of physicians reporting “lost revenue from unpaid claims,” according
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