Healthcare Finance News March 25, 2024
Sen. Mark Warner’s legislation would require providers and their vendors to meet minimum cybersecurity standards to qualify.
Sen. Mark R. Warner (D-VA) on Friday introduced legislation to allow the Department of Health and Human Services to speed up provider reimbursement called advance and accelerated payments when hospitals and physicians are affected by cyberattacks.
The bill comes with a caveat: Providers and their vendors need to meet minimum cybersecurity standards to qualify.
The Health Care Cybersecurity Improvement Act of 2024 is the first piece of legislation to follow the Feb. 21 cybersecurity attack that affected Change Healthcare and providers that have used its claims processing program.
WHY THIS MATTERS
The disruption in billing services from the Change cyberattack has...