Lawmakers raise healthcare consolidation concerns after Change cyberattack
Legislators also slammed UnitedHealth Group, which acquired Change Healthcare nearly two years ago, for not sending a representative to the House subcommittee hearing.
Legislators also slammed UnitedHealth Group, which acquired Change Healthcare nearly two years ago, for not sending a representative to the House subcommittee hearing.
Another wave of private equity-backed bankruptcies is expected this year, according to the Private Equity Stakeholder Project.
Steward Health Care’s forbearance period ends in less than 15 days. Analysts say this time, creditors are unlikely to extend the embattled company another lifeline.
Investors on Tuesday got a clearer picture of the cyberattack’s financial fallout on the healthcare juggernaut. Some said it wasn’t as bad as they’d feared.
The payer has inked a deal with Clayton, Dubilier and Rice to join their primary care assets as Elevance looks to catch up with peers like UnitedHealth and CVS in care delivery.
The Federal Trade Commission alleged the digital mental healthcare company had provided sensitive data to third parties and maintained “sloppy” security practices.
In the wake of the Change Healthcare attack, experts advised hospital leaders to increase their cyber defenses. Change will not be the last sector-wide attack, they warned.
Meanwhile, Centene, Elevance and Humana held onto statewide contracts. The reprocurement was especially positive for Centene, which had been expected to lose market share, analysts said.
The deal is expected to generate approximately $1.1 billion in in cash for the liquidity-strapped hospital landlord.
The agency needs a single electronic health record that’s more interoperable with the Department of Defense, VA Secretary Denis McDonough told lawmakers.