America's health system is still in crisis after its biggest cyberattack ever—but a ‘catastrophe' for doctors and patients is just a blip for the healthcare giant that got hacked [Fortune]
HCA Healthcare, Inc. (HCA)
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Source: Fortune
After more than 22 years in operation, Martin, an orthopedic clinical specialist, had a good sense of the revenue that came in the door each week, and so he was alarmed when his statement showed the account had been severely depleted. Martin hadn't been hacked, but Change Healthcare —the clearinghouse that touches from one-third to one-half of all medical claims in America, including those submitted by Function Better's billing firm—had been. Change processes a stunning $1.5 trillion in claims annually in the U.S. And the February ransomware attack on the subsidiary of United Healthcare, which has been described as “the most significant and consequential cyberattack on the U.S health care system in American history,” has affected almost every corner of the industry. Seventy-four percent of hospitals reported in March direct impacts to patient care as a result of the cyberattack, and 94% said they felt financial impacts. And the hack is still snarling the health care system: As of
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HCA
Earnings
- 4/26/24 - Beat
HCA
Sec Filings
- 5/2/24 - Form 10-Q
- 5/2/24 - Form 144
- 5/1/24 - Form 4
- HCA's page on the SEC website