Posted 4/1/2024, 5:01:47 PM
Fitch: Cyberattack on Change Healthcare Unlikely to Impact Hospital Credit Ratings
- Fitch does not expect cyberattack at UnitedHealth's Change Healthcare unit to impact credit ratings for not-for-profit hospitals
- Attack caused disruption to pharmacies across the U.S.
- Fitch sees no rating implications if hospitals can resume normal operations soon and maintain adequate cash reserves
- Attack was initially blamed on a nation-state cyberthreat actor but later attributed to "Blackcat" ransomware group
- Change Healthcare processes about half of all medical claims in the U.S.
