Health insurance giant hit by cyberattack launches loan program for providers.

March 6, 2024
1 min read




TLDR:

Health insurance IT giant, Change Healthcare, was disrupted by a cyberattack and has set up a temporary loan program to assist cash-strapped health providers. The cyberattack has caused significant financial losses for healthcare providers and may take weeks for operations to return to normal. Senior US officials have been pressuring Change Healthcare to get their systems back online.

Key Elements:

  • Change Healthcare sets up loan program for health providers affected by cyberattack
  • Financial relief for health care providers facing significant losses due to disruption
  • Pressure from senior US officials on Change Healthcare to restore operations quickly
  • Wide-ranging impact of the cyberattack on healthcare providers across multiple states
  • Hack attributed to ransomware gang known as ALPHV or BlackCat

Change Healthcare, a unit of UnitedHealth, is working on getting their systems back online and implementing new security measures following the cyberattack. The hack has caused financial and health impacts on healthcare providers nationwide, with some losing millions of dollars per day. The loan program is a temporary solution to provide financial relief until standard payment operations resume. It remains a challenging situation for both Change Healthcare and the health care providers affected by the cyberattack.


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