Change Healthcare

Jul 7, 2024 1 min read
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

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

Join the conversation

Great! Next, complete checkout for full access to Rankiteo Blog.
Welcome back! You've successfully signed in.
You've successfully subscribed to Rankiteo Blog.
Success! Your account is fully activated, you now have access to all content.
Success! Your billing info has been updated.
Your billing was not updated.