Becker's Healthcare April 16, 2024
UnitedHealth Group posted a $1.4 billion net loss in the first quarter of 2024 following the sale of its Brazil operations and the unprecedented cyberattack on its Change Healthcare subsidiary in late February.
“The core story at UnitedHealth Group remains our colleagues delivering improved experiences for the people we serve and driving balanced growth even while swiftly and effectively addressing the attack on Change Healthcare,” CEO Andrew Witty said April 16.
To date, the company has provided over $6 billion in advance payments to providers.
In the first quarter, the cyberattack had an impact of $0.74 per share and the company expects the full year impact to be between $1.15 and $1.35 per share. The first quarter impact included...
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