Cyberattack At UnitedHealth's Change Healthcare Hits US Pharmacies

RTTNews | 507 days ago
Cyberattack At UnitedHealth's Change Healthcare Hits US Pharmacies

(RTTNews) - American Hospital Association or AHA urged healthcare facilities across the United States to disconnect from Change Healthcare, affiliated to insurer UnitedHealth Group, after the healthcare technology firm was hit by a cybersecurity attack.

Change Healthcare said in a statement that a number of its systems and services were affected by the cyber security issue since Wednesday, February 21.

In a regulatory filing on Thursday with the U.S. Securities and Exchange Commission, the company said the issues were caused by a suspected nation-state associated cybersecurity threat actor.

Change Healthcare, which provides prescription processing services, was acquired in 2022 and is now part of UnitedHealth's Optum. They provide technology services for more than 67,000 pharmacies.

Since Wednesday, Change Healthcare is providing status update, which notes that it is "experiencing a cyber security issue, and our experts are working to address the matter. Once we became aware of the outside threat, in the interest of protecting our partners and patients, we took immediate action to disconnect our systems to prevent further impact."

The latest update on Thursday said the issue is specific to Change Healthcare and all other systems across UnitedHealth Group are operational, and the disruption is expected to last at least through the day.

The AHA in its statement, said, "we recommend that all health care organizations that were disrupted or are potentially exposed by this incident consider disconnection from Optum until it is independently deemed safe to reconnect to Optum."

According to AHA, the reported interruption could have significant cascading and disruptive effects on revenue cycle, certain health care technologies, and clinical authorizations provided by Optum across the health care sector. This was due to the sector wide presence and the concentration of mission critical services provided by Optum.

The association also noted that if Optum's services remain unavailable for an extended period, organizations which utilize Optum's services should prepare related downtime procedures and contingency plans.

read more
UnitedHealth Group Affirms FY23 Outlook - Update

UnitedHealth Group Affirms FY23 Outlook - Update

While reporting financial results for the fourth quarter and fiscal 2022 on Friday, diversified health care company UnitedHealth Group, Inc. (UNH) affirmed its earnings, adjusted earnings and revenue outlook for the full-year 2023 which was established at its November 29h Investor Conference.
RTTNews | 913 days ago
Sensex, Nifty Decline As Trade Tensions Weigh

Sensex, Nifty Decline As Trade Tensions Weigh

Indian shares ended Monday's session lower as U.S. President Donald Trump escalated his trade offensive, leading to increased volatility in global markets and prompting investors to seek refuge in safe-haven assets.
RTTNews | 21 minutes ago
NZ Dollar Falls As European Stocks Traded Lower

NZ Dollar Falls As European Stocks Traded Lower

The New Zealand dollar weakened against other major currencies in the early European session on Monday, as European stocks traded lower as investors weigh the impact of U.S. President Donald Trump's latest tariff threats.
RTTNews | 1h 13min ago
European Shares Decline On Trade War Worries

European Shares Decline On Trade War Worries

European stocks drifted lower on Monday after U.S. President Donald Trump threatened to impose a 30 percent tariff on European Union goods, raising concerns over a prolonged and deeper economic slowdown.
RTTNews | 1h 28min ago
Asian Shares Mixed As China Exports Beat Forecasts

Asian Shares Mixed As China Exports Beat Forecasts

Asian stocks ended mixed on Monday despite U.S. President Donald trump intensifying his trade war with threat of 30 percent tariffs on the European Union and Mexico. China's exports growth beat expectations in June, helping limit regional losses., if any.
RTTNews | 1h 54min ago
NZ Dollar Falls Against Majors

NZ Dollar Falls Against Majors

The New Zealand dollar weakened against other major currencies in the early European session on Monday.
RTTNews | 2h 18min ago
China Exports Growth Tops Expectations; Imports Rebound

China Exports Growth Tops Expectations; Imports Rebound

China's exports grew more than expected in June on de-escalating trade tension with the US and imports rebounded for the first time this year, signalling a positive contribution from net trade to economic growth in the second quarter, official data revealed Monday. Exports increased 5.8 percent year-on-year in June, the General Administration of Customs reported.
RTTNews | 2h 26min ago