Business

US government calls for insurance companies to make advanced payments following cyberattack disruption

1 Mins read

The US government on Sunday urged insurance companies to make advanced payments to health care providers following a cyberattack that disrupted insurance processing systems.

The cyberattack had “significant impact” on Change Healthcare, a unit of health IT giant UnitedHealth Group, which processes 15 billion health care transactions annually. CNN previously reported that the cyberattack has resulted in pharmacies and hospitals unable to process prescription bills across the country.

“We are asking private sector leaders across the health care industry — especially other payers — to meet the moment,” Health and Human Services Secretary Xavier Becerra and Acting Labor Secretary Julie Su wrote in a letter.

The two specifically called on UnitedHealth Group to “ensure no provider is compromised by their cash flow challenges” through expedited delivery of advanced payment and more frequent communication.

Read the full article here

Related posts
Business

US stocks fall sharply as tech sell-off resumes

2 Mins read
Stay informed with free updates Simply sign up to the US equities myFT Digest — delivered directly to your inbox. US stocks…
Business

US unveils national defence strategy to counter China in Indo-Pacific

3 Mins read
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world…
Business

Donald Trump calls for credit card interest rates to be capped at 10%

2 Mins read
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world…
Get The Latest News

Subscribe to get the top fintech and
finance news and updates.

Leave a Reply

Your email address will not be published. Required fields are marked *