Healthcare systems are struggling to catch up on billing and collecting for patient care as the industry seeks to get back to normal after the disruptive February cyberattack against Change Healthcare, the largest provider of revenue cycle and claims management in the U.S. The attack halted most activity through Change's platform for several weeks. Impacts to healthcare providers’ finances include higher accounts receivable, declining revenue, and lower days’ cash on hand, based on financial filings of nonprofit healthcare systems in the first quarter of 2024.
Learn more about the financial impact of the cyber attack here.
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