US agency urges interim payments for healthcare providers hit by UnitedHealth hack – ET HealthWorld

[ad_1] The U.S. government said on Friday it has urged states to make interim payments to healthcare providers that were hit by the cyberattack at UnitedHealth‘s unit Change Healthcare. The Centers for Medicare & Medicaid Services‘ (CMS) new guidance allows states to start making interim payments retroactively to the date when claims payment processing was … Read more

US to accelerate some payments to hospitals after UnitedHealth hack – ET HealthWorld

[ad_1] By Michael Erman NEW YORK -The U.S. government said on Tuesday it will accelerate Medicare and Medicaid payments to some hospitals hurt by a hack at insurer UnitedHealth‘s technology unit Change Healthcare. The cyberattack on Change, disclosed on Feb.21, was perpetrated by hackers who identified themselves as the “Blackcat” ransomware group and has had … Read more

Humana joins UnitedHealth in flagging cost hit from rising surgeries – ET HealthWorld

[ad_1] New Delhi: Humana Inc on Friday joined larger health insurer UnitedHealth in warning of a jump in medical costs this year due to higher-than-expected demand for surgeries and other medical procedures. Health insurers are seeing a rise in payouts as staffing shortages ease at hospitals and older adults covered under Medicare catch up on … Read more

UnitedHealth falls on warning of higher medical costs – ET HealthWorld

[ad_1] Bengaluru: Shares of UnitedHealth Group fell 4 per cent before the bell on Wednesday after the health insurer warned of a spike in medical costs in the second quarter as more older adults undergo non-urgent procedures they had delayed during the pandemic. The company, at a Goldman Sachs healthcare conference, said it was seeing … Read more

UnitedHealth falls on warning of higher medical costs – ET HealthWorld

[ad_1] Bengaluru: Shares of UnitedHealth Group fell 4 per cent before the bell on Wednesday after the health insurer warned of a spike in medical costs in the second quarter as more older adults undergo non-urgent procedures they had delayed during the pandemic. The company, at a Goldman Sachs healthcare conference, said it was seeing … Read more

Cigna lifts profit view after lower medical costs drive Q1 beat – ET HealthWorld

[ad_1] Bengaluru: Cigna Group on Friday raised its annual profit forecast after strong growth and lower medical costs at the company’s health insurance business helped it beat estimates in the first quarter. One of the oldest health insurers in the US, Cigna saw its medical cost ratio – or spending on claims as a percentage … Read more

Cigna lifts profit view after lower medical costs drive Q1 beat – ET HealthWorld

[ad_1] Bengaluru: Cigna Group on Friday raised its annual profit forecast after strong growth and lower medical costs at the company’s health insurance business helped it beat estimates in the first quarter. One of the oldest health insurers in the US, Cigna saw its medical cost ratio – or spending on claims as a percentage … Read more