Healthcare Innovation April 16, 2024
Optum Insight’s CEO tells analysts 80% of the processing hub’s most important operations have been restored since the mid-February cybersecurity breach.
Executives of UnitedHealth Group Inc. said April 16 that the broad cybersecurity breach at the company’s Change Healthcare unit cost it $872 million in the first quarter and added that they expect that figure to grow to between $1.35 billion and $1.6 billion on a pre-tax basis.
Those cost estimates, provided as part of United’s first-quarter earnings report, cover both spending related to responding directly to the hack by securing Change’s network and dealing with affected providers and partners as well as broader business disruption costs. They do not, however, include another $800 million United’s leaders are setting aside...
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