Tag: Change Healthcare
Owens & Minor: ‘We’re only getting started’
August 6, 2024Theresa Flaherty, Managing Editor
RICHMOND, Va. – Owens & Minor’s Patient Direct segment is experiencing “considerable tailwinds” driven by the large numbers of U.S. adults suffering from chronic health conditions, company execs say.
In particular, the company continues to see growth in diabetes and sleep therapy, despite the “groundswell of support” for GLP-1 weight loss drugs, CEO Edward Pesicka told investors on a recent call to discuss the company’s second quarter 2024 earnings.
“We’re...
In brief: UHC delays Synapse agreement, NCPA files cyberattack lawsuit & more
July 24, 2024HME News Staff
MINNEAPOLIS – UnitedHealthcare recently notified HME providers that it is delaying the implementation of its new capitated arrangement with Synapse Health for standard DME in Georgia and North Carolina, AAHomecare has reported.
The arrangement, which impacts the insurer’s Medicare Advantage plan members enrolled in HMO and PPO plans in the two states, will now go into effect Sept. 1 instead of Aug. 1 to allow more time for providers to familiarize themselves with new processes...
NCPA, providers sue UnitedHealth Group over cyberattack
July 22, 2024HME News Staff
ALEXANDRIA, Va. – The National Community Pharmacists Association, along with dozens of providers from multiple states, filed a class action lawsuit July 19 against UnitedHealth Group and its subsidiaries Change Healthcare and Optum for losses resulting from their massive cyberattack earlier this year.
NCPA and the providers say Change Healthcare failed to take reasonable precautions against a catastrophic breach; mislead them about its network security; and caused massive financial...
Newspoll: When it comes to revenue, many providers seeing red
June 21, 2024Theresa Flaherty, Managing Editor
YARMOUTH, Maine – June marks the midpoint of the calendar year and so far, it’s been a financial disappointment, say 65% of respondents to a recent HME Newspoll.
“2024 has been a challenging year,” wrote one poll respondent. “Despite our growth in volume and workforce, we have encountered significant obstacles. We have faced difficulties in contracting, with closed insurance panels, struggled with low reimbursement rates, and dealt with high equipment costs.”
Reimbursement...
CMS sets July end date for CHOPD program
June 18, 2024HME News Staff
WASHINGTON – CMS has announced that payments under the Accelerated and Advance Payment (AAP) Program for the Change Healthcare/Optum Payment Disruption (CHOPD) will conclude on July 12, 2024.
Launched in early March, the CHOPD payments were designed to ease cash flow disruptions experienced by some Medicare providers and suppliers, such as hospitals, physicians and pharmacists, due to the unprecedented cyberattack that took health care electronic data interchange Change Healthcare...
NCPA seeks pause on audits, ahead of cyberattack hearing
May 1, 2024HME News Staff
ALEXANDRIA, Va. – Independent pharmacies that are still experiencing operational and financial disruptions related to the Change Healthcare cyberattack have made several asks to Congress as part of two separate congressional hearings today.
In statements for the record, members of the National Community Pharmacists Associations are urging Congress to:
Direct plans and pharmacy benefit managers to pause audits;
Make pharmacies whole for dispensing...
In brief: Cyberattack update, PBM reform, Medicaid hearing
April 26, 2024HME News Staff
MINNEAPOLIS – Change Healthcare says it has made “strong progress” restoring services impacted by a cyberattack in February.
In the April 22 update, Change Healthcare said that medical claims across the U.S. health system are moving at near-normal levels, as systems come back online or providers switch to other methods of submission. The company said it realizes there are a small number of providers who continue to be adversely impacted and it is working with them to find...
Cyberattack: Change Healthcare provides status update
April 25, 2024HME News Staff
MINNEAPOLIS, Minn. – Change Healthcare said in an update this week that it has made “strong progress” restoring services impacted by a cyberattack in February.
In the April 22 update, Change Healthcare said that medical claims across the U.S. health system are moving at near-normal levels, as systems come back online or providers switch to other methods of submission. The company said it realizes there are a small number of providers who continue to be adversely impacted...
Option Care reports double-digit growth
April 23, 2024HME News Staff
BANNOCKBURN, Ill. – Option Care Health reported revenue of $1.14 billion for the first quarter of 2024, an increase of 12.8% compared to the same quarter last year, despite the disruption caused by the Change Healthcare cyberattack in February.
“The Option Care Health team delivered solid financial results while navigating a disruptive environment,” said John Rademacher, CEO. “I am proud of the resilient enterprise we have built and the team's unwavering commitment...
CMS shares cyberattack resources
April 22, 2024HME News Staff
WASHINGTON – CMS has shared with AAHomecare a 35-page document with resources related to the Change Healthcare cyberattack. The document also contains contact information for United Health Group, AmeriHealth Caritas, Blue Cross Blue Shield, Centene, Cigna, CVS Health, Elevance Health, Humana, Kaiser Permanente and Molina Healthcare, along with other payers and subsidiaries. “CMS shared these resources with AAHomecare along with their response to our Mar. 13 letter requesting relief...