Home Health Care News May 22, 2024
When news of the Change Healthcare cyberattack became public, it rocked the broader health care sector. Months later, it serves as a major lesson for home-based care providers.
In February, Change Healthcare – the largest U.S. billing and payment system in the country, and a subsidiary of UnitedHealth Group (NYSE: UNH) – was brought to a screeching halt as the result of a cyberattack.
Change Healthcare works with payers, providers and patients — delivering revenue and overseeing payment cycle management. The ransomware attack made it difficult for thousands of providers to bill, significantly impacting cash flows in the process.
UnitedHealth Group would go on to pay the cyber hackers roughly $22 million, according to reports from WIRED.
In March, UnitedHealth...
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