financetom
Business
financetom
/
Business
/
Fitch says UnitedHealth unit hack could hit smaller pharmacies, care providers
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Fitch says UnitedHealth unit hack could hit smaller pharmacies, care providers
Mar 18, 2024 5:05 AM

(Reuters) - Ratings agency Fitch said on Monday the recent cybersecurity incident at UnitedHealth Group's ( UNH ) technology unit, Change Healthcare, could negatively affect credit profiles of smaller healthcare providers and pharmacies that use its services.

Change Healthcare was hit by a cyberattack on Feb. 21 and had a knock-on impact across the country's healthcare system that depends heavily on insurance.

Fitch said it was assessing the degree of impact on smaller pharmacies and healthcare providers' cash flows following the cyberattack.

It was also assessing the adequacy of existing sources of liquid capital available to these firms, the agency added.

(Reporting by Bhanvi Satija in Bengaluru; Editing by Shinjini Ganguli)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US power use to reach record highs in 2024 and 2025 -EIA
US power use to reach record highs in 2024 and 2025 -EIA
Mar 12, 2024
(Reuters) - U.S. power consumption will rise to record highs in 2024 and 2025, the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook (STEO) on Tuesday. EIA projected power demand will rise to 4,099 billion kilowatt-hours (kWh) in 2024 and 4,128 billion kWh in 2025. That compares with 4,000 billion kWh in 2023 and a record...
Boeing will add compliance checks, equipment audits at 737 factory, memo says
Boeing will add compliance checks, equipment audits at 737 factory, memo says
Mar 12, 2024
(Reuters) - Boeing ( BA ) is adding weekly compliance checks for every 737 work area and additional audits of equipment to reduce quality problems, the company said in a memo to employees on Tuesday. The memo from Boeing Commercial Airplanes President and CEO Stan Deal following the U.S. Federal Aviation Administration's six-week audit of Boeing's ( BA ) 737...
Oracle's Quarterly Remaining Performance Obligation Metric 'Impressive,' Morgan Stanley Says
Oracle's Quarterly Remaining Performance Obligation Metric 'Impressive,' Morgan Stanley Says
Mar 12, 2024
03:51 PM EDT, 03/12/2024 (MT Newswires) -- Oracle's (ORCL) growth in remaining performance obligations, or RPO, in its fiscal third quarter was impressive, though investors will likely be focused on the durability of that growth, Morgan Stanley said Tuesday. The software maker's total RPO surged 29% to an all-time high of more than $80 billion in the quarter, driven by...
Madison Metals Announces Non-Brokered Private Placement
Madison Metals Announces Non-Brokered Private Placement
Mar 12, 2024
03:47 PM EDT, 03/12/2024 (MT Newswires) -- Madison Metals Inc. ( MMTLF ) announced Tuesday that it will be proceeding with a private placement financing consisting of the sale of up to 10 million units in the capital of the company at a price of $0.35 per unit for aggregate gross proceeds of a minimum of $1 million and a...
Copyright 2023-2026 - www.financetom.com All Rights Reserved