Chief Healthcare Executive April 15, 2024
Physician practices, along with hospitals and health systems, have taken a serious financial hit from the Change Healthcare cyberattack.
Doctors continue to struggle financially due to the Change Healthcare cyberattack.
More than a third of physician practices (36%) have seen the suspension of claim payments, according to a survey by the American Medical Association. Four out of five (80%) said they lost revenue from unpaid claims, and more than half (55%) used personal funds to cover expenses, the AMA said.
In addition, 32% have said they can’t submit claims, and 22% said they can’t verify if patients are eligible for benefits. The AMA conducted what it called an “informal survey” between March 26 through April 3, with more than 1,400...
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