In February, Change Healthcare/Optum experienced a ransomware attack leading to significant financial and operational disruptions across the U.S. healthcare industry. The Centers for Medicare and Medicaid Services (CMS) initiated the Accelerated and Advance Payment (AAP) Program (CHOPD) to mitigate cash flow problems for affected Medicare providers and suppliers. Over $2.55 billion in accelerated payments were distributed to Part A providers, and more than $717.18 million in advance payments went to Part B suppliers. Recovery efforts by CMS have been effective, with over 96 percent of CHOPD payments recouped and normal Medicare billing resumed.
"id": "cha002040125",
"linkid": "change-healthcare",
"type": "Ransomware",
"date": "6/2024",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"