Health IT Security March 25, 2024
Senator Mark Warner introduced legislation that would allow providers to receive advance payments in the event of a cyber incident, provided they meet minimum cybersecurity standards.
Senator Mark Warner (D-VA) has introduced the Health Care Cybersecurity Improvement Act of 2024, which would allow for advance and accelerated payments to providers in the event of a cybersecurity incident, so long as they meet minimum cybersecurity standards. The new legislation arrives as the sector continues to rebuild in the wake of the Change Healthcare cyberattack, which has impacted providers nationwide.
Specifically, the legislation seeks to modify the existing Medicare Hospital Accelerated Payment Program and the Medicare Part B Advance Payment Program. CMS manages both programs and has provided temporary financial relief to...