Change Healthcare cyberattack having significant disruptions on patient care, hospitals’ finances
Ninety-four percent of hospitals are experiencing a financial impact from the Change Healthcare cyberattack with more than half reporting “significant or serious” impact, according to results from an American Hospital Association survey and a release.
The survey included responses from about 1,000 hospitals from March 9-12. More than 80% of hospitals said the cyberattack has affected their cash flow, and of those nearly 60% report that the impact to revenue is $1 million per day or more. In addition, the survey found that 74% of hospitals reported impacts to direct patient care as a result of the cyberattack. While hospitals are implementing workarounds to mitigate the patient impact and address the affected Change Healthcare systems, most hospitals are reporting that these workarounds are very labor intensive and costly.
