Posted 4/16/2024, 12:50:00 PM
UnitedHealth Takes $872M Q1 Hit From Change Healthcare Ransomware, But Shares Up on Continued Provider Support
- Change Healthcare ransomware attack costs for UnitedHealth now total $872 million for Q1 2024
- UnitedHealth provided over $6 billion in advance funding and interest-free loans to support providers
- Total financial impact estimated between $1.35 billion - $1.6 billion for 2024 calendar year
- Attack continues to significantly disrupt Change Healthcare's operations and finances
- UnitedHealth share price rose 7.5% in premarket trading despite ransomware costs
