UnitedHealth's first-quarter report will offer a window into Change cyberattack costs

  • 📰 NBCPhiladelphia
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 51%

News News

United States Latest News,United States Headlines

The financial impact of the Change Healthcare cyberattack is expected to weigh on UnitedHealth Group’s first-quarter results.

UnitedHealth Group's first-quarter earnings report could offer a window into the financial impact of the February cyberattack on its Change Healthcare subsidiary.

"Everybody looks to United as the bellwether of all of healthcare services. This will be different," said Lisa Gill, managing director and health care analyst at JPMorgan. "We will be very interested in the charge that they're going to be incurring ... in terms of how they're estimating either lost revenue or additional expenses," said Scott Fidel, managing director and health care analyst at Stephens.to providers, though the American Medical Association says more than half of physician groups surveyed in early April said they'd had to use personal loans to maintain operations.

With the Change outage taking place mid-way through the first quarter, it has likely made it more difficult for insurers to track medical utilization costs in real time. JPMorgan's Gill expects most will report adjusted or estimated numbers.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 569. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Senate set to grill UnitedHealth over Change Healthcare crisisLawmakers haven’t hidden their frustrations about the Change cyberattack, as constituents fill their ears and inboxes with stories about the consequences.
Source: washingtonpost - 🏆 95. / 72 Read more »

UnitedHealth Group has paid more than $3 billion to providers following cyberattackUnitedHealth Group has paid out more than $3.3 billion to providers impacted by Change Healthcare cyberattack
Source: CNBC - 🏆 12. / 72 Read more »

UnitedHealth's first-quarter report will offer a window into Change cyberattack costsThe financial impact of the Change Healthcare cyberattack is expected to weigh on UnitedHealth Group’s first-quarter results.
Source: nbcsandiego - 🏆 524. / 51 Read more »

AMA: Four In Five Physicians ‘Lost Revenue’ From Change Healthcare Cyber AttackI've written about health care for three decades, starting from my native Iowa where I covered the presidential campaign bus rides of Bill and Hillary Clinton through the Hawkeye state talking health reform and the economy.
Source: ForbesTech - 🏆 318. / 59 Read more »

Readout of Biden-Harris Administration’s Follow Up Meeting with Insurers Concerning Cyberattack on Change HealthcareChange healthcare cyber attack
Source: HHSGov - 🏆 147. / 63 Read more »

Clinicians Still Grappling With Aftermath of Change Healthcare CyberattackThough some medical practices still struggle to restart cash flow, federal health officials and UnitedHealth Group report progress in getting clinicians back in business.
Source: Medscape - 🏆 386. / 55 Read more »