Option Care Health says it is affected by UnitedHealth hack (updated)

Option Care Health

14/03/2024 20:58

(Adds details and background throughout)
       March 14 (Reuters) - Homecare health services provider
Option Care Health  OPCH.O  said on Thursday it has been
affected by the cyberattack at UnitedHealth Group's  UNH.N 
Change Healthcare unit, but does not expect the hack to
materially impact its finances. 
    Option Care utilizes Change Healthcare's services to verify
benefits for existing and prospective patients, submission of
claims to health plans for processing and payment as well as
application of cash remittances.
    The company said it has not identified any compromise or
unauthorized access of its systems or networks due to the
incident, adding it had disconnected its operations from Change
Healthcare applications.
    More than half of the company's claims for services rendered
since the hack remain unprocessed, Option Care said in a
regulatory filing, and indicated it could affect financial
results in the near term.    
    Change Healthcare processes about 50% of medical claims in
the U.S. for around 900,000 physicians, 33,000 pharmacies, 5,500
hospitals and 600 laboratories.
    The data breach, which has disrupted healthcare across the
United States, is now under investigation by the U.S.
government.  
   

 (Reporting by Mariam Sunny in Bengaluru; Editing by Shounak
Dasgupta)
 ((Mariam.ESunny@thomsonreuters.com))