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Change Healthcare sets up new electronic prescription service, funding program as cyberattack drags
CNBC· 2024-03-01 22:46
In this photo illustration, UnitedHealth Group Inc logo seen displayed on a tablet.Change Healthcare on Friday said it's finished setting up a new electronic prescription service, which could help provide some relief to pharmacies and physicians that have been struggling to contend with the fallout from the ongoing cyberattack.UnitedHealth Group, Change Healthcare's parent company, is also launching a temporary funding assistance program to help providers manage their "short-term" cash flow needs, the compa ...
Hackers behind UnitedHealth Group cyberattack reportedly identified
Fox Business· 2024-02-29 22:55
Hackers that allegedly caused the UnitedHealth Group cyberattack reportedly posted on the dark web that they stole personal data and the records of "millions" of patients. In a now-deleted post, the Blackcat ransomware group – also known as ALPHV or Noberus – said it stole several terabytes of data from UnitedHealth, which includes medical insurance and health data, Reuters reported, citing screenshots of the post.The group has been behind several other ransomware attacks.  PHARMACIES SCRAMBLE TO SERVE SICK ...
Ransomware group Blackcat is behind cyberattack on UnitedHealth division, company says
CNBC· 2024-02-29 15:32
Traders work at the post where UnitedHealth Group is traded on the floor of the New York Stock Exchange.Change Healthcare on Thursday confirmed that ransomware group Blackcat is behind the ongoing cybersecurity attack that's caused widespread disruptions to pharmacies and health systems across the U.S."Our experts are working to address the matter and we are working closely with law enforcement and leading third-party consultants," Change Healthcare told CNBC in a statement Thursday. "We are actively workin ...
UnitedHealth Group Stock Drops Following Report of Antitrust Probe
Investopedia· 2024-02-28 20:00
Key TakeawaysUnitedHealth Group is reportedly under an antitrust investigation by the U.S. Department of Justice.Officials are apparently looking into the relationship between the company's UnitedHealthcare and Optum units.Shares of UnitedHealth Group tumbled following the news.UnitedHealth Group (UNH) shares were down nearly 5% Wednesday afternoon following a report that the giant health insurance provider is under a federal investigation for potential antitrust violations.The Wall Street Journal reported ...
Insurance giant UnitedHealth facing antitrust probe amid soaring healthcare costs
New York Post· 2024-02-28 00:23
The Justice Department has launched an antitrust investigation into UnitedHealth Group, the Wall Street Journal reported on Tuesday, citing people with knowledge of the matter.Investigators have in recent weeks been interviewing healthcare industry representatives in sectors where UnitedHealth competes, including doctor groups, the report said.During their interviews, investigators have asked about issues including certain relationships between the company’s UnitedHealthcare insurance unit and its Optum hea ...
UnitedHealth(UNH) - 2023 Q4 - Annual Report
2024-02-27 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________________________ Form 10-K _______________________________________________________ ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission file number: 1-10864 ______________ ...
Outages from cyberattack at UnitedHealth's Change Healthcare extend to seventh day as pharmacies deploy workarounds
CNBC· 2024-02-27 15:13
UnitedHealth Group signage is displayed on a monitor on the floor of the New York Stock Exchange.Change Healthcare's systems are down for the seventh day after a cyber threat actor gained access to its network last week. Parent company UnitedHealth Group said most U.S. pharmacies have set up electronic workarounds to mitigate the impact.UnitedHealth discovered that a "suspected nation-state-associated" threat actor breached part of Change Healthcare's information technology network on Wednesday, according t ...
UnitedHealth Group Board Authorizes Payment of Quarterly Dividend
Businesswire· 2024-02-23 11:50
--(BUSINESS WIRE)--The UnitedHealth Group (NYSE: UNH) board of directors has authorized payment of a cash dividend of $1.88 per share, to be paid on March 19, 2024, to all shareholders of record of UNH common stock as of the close of business March 11, 2024. About UnitedHealth Group UnitedHealth Group (NYSE: UNH) is a health care and well-being company with a mission to help people live healthier lives and help make the health system work better for everyone through two distinct and complementary business ...
UnitedHealth Group Incorporated (UNH) Is a Trending Stock: Facts to Know Before Betting on It
Zacks Investment Research· 2024-02-20 15:06
UnitedHealth Group (UNH) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this largest U.S. health insurer have returned +1.7% over the past month versus the Zacks S&P 500 composite's +3.6% change. The Zacks Medical - HMOs industry, to which UnitedHealth belongs, has gained 4.3% over this period. Now the key question is: Where could the stock be headed in ...
Is UnitedHealth (UNH) a Buy as Wall Street Analysts Look Optimistic?
Zacks Investment Research· 2024-02-19 15:31
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 ...