Radiology Business April 11, 2024
Physician practices, and particularly smaller groups, are still grappling with the financial ramifications of the Change Healthcare cyberattack, with some considering closing, according to new data from the AMA.
The incident first occurred in February, shutting down the nation’s largest clearinghouse for health insurance claims and payments for weeks. Owner UnitedHealth Group had promised that claims would begin flowing again by the weekend of March 23.
“Despite UHG’s assurances, serious disruptions continue,” the American Medical Association said in a Wednesday news update.
A new informal survey of 1,400 individuals underlines the broad impact of the cyberattack. Among physician groups surveyed, 80% reported losing revenue from unpaid claims and 85% had committed additional staff time and resources to complete revenue cycle...
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