PYMNTS.com March 25, 2024

Proposed federal legislation would accelerate Medicare payments to healthcare providers that have suffered a cyberattack, if they and their vendors meet minimum cybersecurity standards.

This bill, the “Health Care Cybersecurity Improvement Act of 2024,” was introduced Friday (March 22) by U.S. Sen. Mark R. Warner, D-Va., according to a Friday press release.

This legislation follows the ransomware attack on Change Healthcare that has left many providers in danger of becoming financially insolvent, according to the release.

“The recent hack of Change Healthcare is a reminder that the entire healthcare industry is vulnerable and needs to step up its game,” Warner said in the release. “This legislation would provide some important financial incentives for providers and vendors to do so.”

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Topics: Congress / White House, Cybersecurity, Govt Agencies, Health IT, Insurance, Medicare, Payer, Provider, Regulations, Technology
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