ToplineUnitedHealth Group and its subsidiary Change Healthcare will be investigated by a federal agency over last month's cyber attacks that may have breached patient data—the latest fallout from what the department called an “unprecedented” attack on the U.S. healthcare system.Pages from the United Healthcare website are displayed on a computer screen, Feb. 29, 2024, in New ... [+] York. Federal civil rights investigators are looking into whether protected health information was exposed in a recent cyberat ...

The U.S. Department of Health and Human Services has launched an investigation into UnitedHealth Group following the cyberattack on its Change Healthcare unit that has disrupted crucial operations in pharmacies and hospitals across the U.S.The HHS Office for Civil Rights said in a statement Wednesday that it's investigating the incident due to the "unprecedented magnitude of the cyberattack." The OCR enforces the Health Insurance Portability and Accountability Act's security, privacy and breach notification ...

In the latest trading session, UnitedHealth Group (UNH) closed at $489.35, marking a +0.04% move from the previous day. This change lagged the S&P 500's 1.12% gain on the day. Elsewhere, the Dow saw an upswing of 0.61%, while the tech-heavy Nasdaq appreciated by 1.54%.Shares of the largest U.S. health insurer have depreciated by 5.5% over the course of the past month, underperforming the Medical sector's gain of 2.49% and the S&P 500's gain of 2.06%.The investment community will be closely monitoring the pe ...

American healthcare providers may see their credit hurt following the recent cyberattack on UnitedHealth.That’s according to ratings agency Moody’s, whose projections were cited in a Sunday (March 10) report by Seeking Alpha.Late last month, an attack by the hacker group Blackcat/ALPHV on UnitedHealth unit Change Healthcare’s insurance billing service caused a nationwide disruption to the healthcare system.“The ultimate credit impact on providers will largely depend on the effect of payment delays on cash f ...

UnitedHealth Group on Thursday said it expects to restore Change Healthcare's systems by mid-March, offering a potential resolution to the ransomware attack that has disrupted crucial operations across the U.S. health-care system.The company discovered that a cyber threat actor breached part of the Change Healthcare's information technology network on Feb. 21, according to a filing with the Securities and Exchange Commission. UnitedHealth isolated and disconnected the impacted systems "immediately upon dete ...

--(BUSINESS WIRE)--UnitedHealth Group continues to make substantial progress in mitigating the impact to consumers and care providers of the unprecedented cyberattack on the U.S. health system and the Change Healthcare claims and payment infrastructure. Our focus has been on ensuring access to care and medications by addressing challenges to pharmacy, medical claims and payment systems targeted by the attack. “ We are committed to providing relief for people affected by this malicious attack on the U.S. he ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about UnitedHealth Group (UNH) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.UnitedHealth currently has an ave ...

Mobile Health Center Aims to Improve Maternal and Infant Health Outcomes PHOENIX, March 6, 2024 /PRNewswire/ -- March of Dimes today announced the launch of its newest Mom & Baby Mobile Health Center®  in Phoenix, aimed at providing quality healthcare to moms and babies. The Phoenix Center is made possible by an $800,000 donation from UnitedHealthcare Community Plan of Arizona, and in clinical partnership with Wesley Community & Health Centers and ASU Edson College of Nursing and Innovation. It's the second ...

Key PointsUnitedHealth Group stock has given up almost all of its 12-month gains due to a cyber attack at its Change Healthcare subsidiary and the announcement of a DOJ probe. While investors are selling the news, only one event may bring long-term uncertainty.  Interested buyers may want to wait for confirmation of support before venturing into UNH stock.  5 stocks we like better than UnitedHealth GroupUnitedHealth Group Inc. NYSE: UNH has given up almost all of its 12-month gains in the last week after tw ...

Investing in healthcare stocks can offer a solid foundation for your portfolio, especially considering the rapidly increasing demand for healthcare services, driven primarily by the aging population. Thus, in this article, we’ll delve into the promising landscape of healthcare investments, highlighting a standout stock looking to revolutionize the industry.The resilience of healthcare stocksAmidst market turbulence, healthcare stocks have proven to be a beacon of stability. Year to date, the healthcare sect ...