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Cybersecurity bill would add caveat to provider payments

March 27, 2024
Healthcare Finance News
Summary
Sen. Mark R. Warner introduced the Health Care Cybersecurity Improvement Act of 2024, aiming to enhance cybersecurity measures within the healthcare sector. This legislation allows the Department of Health and Human Services to expedite reimbursement processes for hospitals and physicians impacted by cyberattacks, given they and their vendors comply with established minimum cybersecurity standards. This move, prompted by the significant disruption caused by the February 21 cyberattack on Change Healthcare, aims to secure the financial solvency of providers by requiring adherence to cybersecurity protocols in exchange for advanced and accelerated payments under Medicare. The bill reflects the growing recognition of the vulnerabilities in the healthcare industry's cybersecurity infrastructure and seeks to incentivize improvements through financial mechanisms.
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