UnitedHealth Demands Loan Repayment from Providers After Cyberattack Fallout
Reuters
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Contributed by: Drex DeFord
Summary
UnitedHealth Group is demanding that healthcare providers repay approximately $9 billion in loans issued following a ransomware attack on its tech unit, Change Healthcare, in February 2022. Providers received repayment notices from UnitedHealth's Optum unit, warning that failure to comply could result in withheld reimbursements. Many providers are grappling with financial difficulties caused by the cyberattack's disruptions, and they express concern that the repayment demands take advantage of their ongoing hardships. Change Healthcare has indicated a willingness to explore repayment options with providers, but initial agreements included clauses that could penalize non-repayment.
