UnitedHealth Group Inc

Change Healthcare cyberattack has caused financial ‘mess’ for doctors

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Change Healthcare cyberattack has caused financial ‘mess’ for doctors

Small private practices and health-care providers are facing mounting financial pressures as crucial reimbursement systems remain down for the ninth day, following the cyberattack on Change Healthcare.  Change Healthcare offers tools for payment and revenue cycle management that help facilitate transactions between providers and most major insurance companies. Its parent company UnitedHealth Group discovered that … Read more

Blackcat claims responsibility for cyberattack at UnitedHealth

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Blackcat claims responsibility for cyberattack at UnitedHealth

Change Healthcare on Thursday confirmed that ransomware group Blackcat is behind the ongoing cybersecurity attack that’s caused widespread disruptions to pharmacies and health systems across the U.S. “Our experts are working to address the matter and we are working closely with law enforcement and leading third-party consultants,” Change Healthcare told CNBC in a statement Thursday. … Read more

Liver disease is newest weight loss drug use

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Liver disease is newest weight loss drug use

Image of a healthy liver not ravaged by fatty liver disease. BSIP | Getty Images Think a friend or colleague should be getting this newsletter? Share this link with them to sign up. Good afternoon! Drugmakers aren’t just racing to develop drugs that treat obesity. They’re also competing to expand the uses of those weight loss treatments, including … Read more

UnitedHealth’s Change Healthcare cyberattack outages continue, pharmacies deploy workarounds

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UnitedHealth’s Change Healthcare cyberattack outages continue, pharmacies deploy workarounds

Change Healthcare’s systems are down for the seventh day after a cyber threat actor gained access to its network last week. Parent company UnitedHealth Group said most U.S. pharmacies have set up electronic workarounds to mitigate the impact. UnitedHealth discovered that a “suspected nation-state-associated” threat actor breached part of Change Healthcare’s information technology network on … Read more

UnitedHealth subsidiary Change Healthcare down for a fourth day following cyberattack

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UnitedHealth subsidiary Change Healthcare down for a fourth day following cyberattack

UnitedHealth Group Inc. headquarters stands in Minnetonka, Minnesota, U.S. Mike Bradley | Bloomberg | Getty Images Change Healthcare’s systems are down for a fourth straight day after parent company UnitedHealth Group disclosed that a suspected cybersecurity threat actor gained access to part of its information technology network on Wednesday.  UnitedHealth, the biggest health-care company in … Read more

Humana reports grim 2024 forecast due to soaring medical costs

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Humana reports grim 2024 forecast due to soaring medical costs

Signage is displayed on a Humana Inc. office building in Louisville, Kentucky, U.S., on Sunday, Feb. 3, 2019. Humana is scheduled to release earnings figures on February 6. Photographer: Luke Sharrett/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Shares of Humana plummeted on Thursday after the health insurer issued dismal full-year earnings guidance, … Read more

Tyson Foods drops CVS, picks Rightway pharmacy benefit manager

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Tyson Foods drops CVS, picks Rightway pharmacy benefit manager

Tyson Foods Inc., sign at Tyson headquarters in Springdale, Ark. April L. Brown | AP Tyson Foods will become one of the first Fortune 100 companies to stop using the nation’s traditional large pharmacy benefits managers, as it looks to cut spending on high-cost drugs.    After putting its benefits contract up for bid, Tyson … Read more

Treasury yields fractionally higher ahead of key data releases

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Treasury yields fractionally higher ahead of key data releases

U.S. Treasury yields nudged slightly higher on Tuesday morning, as market participants await the release of key economic data points later in the week. Near 2:25 a.m. ET, the yield on the benchmark 10-year Treasury note was around 1.7 basis points higher at 4.1109% while the yield on the 30-year Treasury bond was up just … Read more

We like health-care stocks in 2024 despite presidential election year weakness

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We like health-care stocks in 2024 despite presidential election year weakness

As the old Wall Street adage goes, health care tends to underperform the stock market in presidential election years — and in recent cycles, that’s been true. But, there’s reason to believe this year that many health-related stocks, led by Eli Lilly , could defy historical convention. The S & P 500 Health Care Sector … Read more

Jim Cramer’s 4 stock ideas from JPMorgan Healthcare Conference

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Jim Cramer’s 4 stock ideas from JPMorgan Healthcare Conference

Health care may be a real challenger to tech this year, a business that can actually grow faster than most of tech and has the possibility of a comeback from the Covid straitjacket that so many of these companies got caught up in. The pandemic obscured so much of the growth as Abbott Labs , … Read more