Cyberattack costs hit UnitedHealth in 1Q that still turns out better than expected

Cyberattack costs hit UnitedHealth in 1Q that still turns out better than expected

SeattlePI.com

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UnitedHealth Group trounced first-quarter expectations even as costs from a cyberattack to its Change Healthcare business ate into its performance. The health care giant also Tuesday that care patterns in the year’s first quarter met its expectations after soaring medical costs at the end of last year surprised Wall Street. UnitedHealth said earlier this year that a ransomware group had gained access to systems of its Change Healthcare business, which provides technology for submitting and processing insurance claims. The attack disrupted payment and claims processing around the country, stressing doctor’s offices and health care systems. Company shares jumped in early-morning trading.

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