Change Healthcare

The Change Healthcare cyberattack has led to a significant disruption in the claims processing system affecting over 1,850 hospitals and 250,000 physicians. The direct impact has been a staggering $6.3 billion cash flow deficit since the breach, as reported through March 9. The inability to process claims digitally has caused a decline in cash and potential long-term consequences such as medical necessity denials and prior authorization denials due to delayed claims. Healthcare providers are struggling to cope with the manpower required for paper claims and the unsustainable financial pressure during the interim of restoring the compromised system. The lack of adequate action from payers exacerbates the situation, making it critical to reassess cybersecurity measures in the healthcare industry.

Source: https://www.hcinnovationgroup.com/cybersecurity/news/53099257/cyberattack-costing-hospitals-2-billion-a-week-in-cash-flow-report-shows

TPRM report: https://scoringcyber.rankiteo.com/company/change-healthcare

"id": "cha1012070724",
"linkid": "change-healthcare",
"type": "Cyber Attack",
"date": "3/2024",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"

{'affected_entities': [{'customers_affected': ['Over 1,850 hospitals',
                                               '250,000 physicians'],
                        'industry': 'Healthcare',
                        'name': 'Change Healthcare',
                        'type': 'Organization'}],
 'description': 'The Change Healthcare cyberattack has led to a significant '
                'disruption in the claims processing system affecting over '
                '1,850 hospitals and 250,000 physicians. The direct impact has '
                'been a staggering $6.3 billion cash flow deficit since the '
                'breach, as reported through March 9. The inability to process '
                'claims digitally has caused a decline in cash and potential '
                'long-term consequences such as medical necessity denials and '
                'prior authorization denials due to delayed claims. Healthcare '
                'providers are struggling to cope with the manpower required '
                'for paper claims and the unsustainable financial pressure '
                'during the interim of restoring the compromised system. The '
                'lack of adequate action from payers exacerbates the '
                'situation, making it critical to reassess cybersecurity '
                'measures in the healthcare industry.',
 'impact': {'financial_loss': '$6.3 billion',
            'operational_impact': ['Inability to process claims digitally',
                                   'Decline in cash',
                                   'Medical necessity denials',
                                   'Prior authorization denials',
                                   'Delayed claims'],
            'systems_affected': 'Claims processing system'},
 'recommendations': 'Reassess cybersecurity measures in the healthcare '
                    'industry',
 'title': 'Change Healthcare Cyberattack',
 'type': 'Cyberattack'}