Cyberattack At UnitedHealth's Change Healthcare Hits US Pharmacies

RTTNews | 931 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 Stock Gains On Strong Q2 Profit, Raised FY26 Outlook

Unitedhealth Stock Gains On Strong Q2 Profit, Raised FY26 Outlook

Shares of UnitedHealth Group Inc. were gaining around 7 percent in the pre-market activity on the NYSE, after the health care and well-being major on Thursday raised fiscal 2026 outlook after reporting strong growth in second-quarter profit, even though premiums were lower. The company added that its on track to repurchase at least $5.0 billion for the full year 2026.
RTTNews | 57 days ago
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 | 1337 days ago
IEA Cuts Oil Demand Forecast; Canadian Markets Eye Recovery

IEA Cuts Oil Demand Forecast; Canadian Markets Eye Recovery

Canadian stocks may open with positive bias Friday as oil prices decline following the International Energy Agency's downward revision of global oil demand. Investors seek bargains after six consecutive days of losses. U.S. consumer price data could impact sentiment.
RTTNews | 1h 7min ago
Canadian Dollar Falls As Oil Prices Edge Lower

Canadian Dollar Falls As Oil Prices Edge Lower

The Canadian dollar weakened against other major currencies in the European session on Friday, as the crude oil prices traded lower amid escalating U.S.-Iran tensions and concerns over prolonged disruption to global energy supplies.
RTTNews | 1h 22min ago
Kroger Q2 Profit Rises, Backs FY26 Adj. Earnings View, Cuts Sales Growth Forecast; Stock Drops

Kroger Q2 Profit Rises, Backs FY26 Adj. Earnings View, Cuts Sales Growth Forecast; Stock Drops

Supermarket chain Kroger Co. reported Friday higher profit and sales in its second quarter, while Identical Sales growth was slower than the prior year. Further, the firm maintained adjusted earnings outlook for fiscal 2026, but trimmed growth view for identical sales without fuel. In the pre-market activity on the NYSE, the shares were losing around 2.62 percent.
RTTNews | 1h 54min ago
UK Stocks Rise On GDP Growth, Oil Price Decline

UK Stocks Rise On GDP Growth, Oil Price Decline

UK stocks advanced Friday as July GDP growth of 0.4% beat expectations and oil prices tumbled following downward IEA demand revisions. The FTSE 100 reached 10,674.52, up 0.61% despite ongoing US-Iran concerns.
RTTNews | 2h 7min ago