Change Healthcare

OneMedNet Announces CEO Succession Plan

Retrieved on: 
Tuesday, April 2, 2024
Cloud, Growth, OMN, Health, Real, Patient, Hospital, Change Healthcare, IPO, McKesson Corporation, Retirement, Division, Management

MINNEAPOLIS, April 02, 2024 (GLOBE NEWSWIRE) -- OneMedNet Corporation (Nasdaq: ONMD), the leading curator of regulatory-grade imaging Real World Data (“iRWD™”), today announced that its President, Aaron Green, has assumed the role of President and Chief Executive Officer, in addition to an appointment to OneMedNet’s Board of Directors. Mr. Green will succeed CEO, Paul Casey, who has announced his retirement and who will continue to serve on the Board of Directors.

Key Points: 
  • Mr. Green will succeed CEO, Paul Casey, who has announced his retirement and who will continue to serve on the Board of Directors.
  • As President and CEO, Green will lead all facets of OneMedNet’s business involving its iRWD™ offering, including R&D, product, strategy, and sales across global markets.
  • It is my privilege to hand over the reins to Aaron.”
    “I am honored to be named, and eager to assume the CEO position here at OneMedNet,” commented Green.
  • “The CEO transition from Paul to Aaron is a direct reflection of the Board’s mindful succession planning and our confidence that the Company will see continued operational momentum as Aaron assumes the role of CEO,” added Dr. Jeffrey Yu.

American Oncology Network, Inc. (“AON”) Announces Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Thursday, March 28, 2024
AON, Growth, International, Change Healthcare, Business analyst, Disclosure, Adjustment, Investment, Depreciation, GAAP, Eastern Time Zone

Todd Schonherz, AON chief executive officer, commented, “As a leadership team, we are very proud of our growth and accomplishments in 2023.

Key Points: 
  • Todd Schonherz, AON chief executive officer, commented, “As a leadership team, we are very proud of our growth and accomplishments in 2023.
  • This was highlighted by our transition in the fourth quarter to our new enterprise revenue cycle platform.
  • The decrease in revenue per encounter results from $20.7 million of non-recurring incremental accounts receivable reserves associated with transitioning from a legacy billing system to a new system in the fourth quarter of 2023.
  • Adjusted EBITDA was $5.0 million for the fourth quarter of 2023, as compared to $8.0 million for the fourth quarter of 2022, a decrease of $3.0 million, primarily due to higher drug costs.

APhA calls for strong cybersecurity measures following Change Healthcare cyberattack

Retrieved on: 
Monday, April 8, 2024
American Pharmacists Association, Trustee, Patient, Pharmacy, Education, House of Delegates, Policy, Pharmacist, Change Healthcare, House, HOD, Multimedia, Health, Nursing

WASHINGTON, April 8, 2024 /PRNewswire/ -- APhA's Board of Trustees issued the following statement calling for stronger cybersecurity measures following the Change Healthcare cyberattack.

Key Points: 
  • WASHINGTON, April 8, 2024 /PRNewswire/ -- APhA's Board of Trustees issued the following statement calling for stronger cybersecurity measures following the Change Healthcare cyberattack.
  • The Change Healthcare cyberattack made obvious the deep vulnerabilities of our nation's digital health care infrastructure, resulting in devastating patient care disruption, particularly at community and health system pharmacies across the country.
  • The APhA HOD passed the following cybersecurity policy statements.
  • APhA advocates for education providers to facilitate, and pharmacy personnel to seek out, education and training on cybersecurity laws, regulations, and best practices.

Hospital PMI® at 52.3%; March 2024 Hospital ISM® Report On Business®

Retrieved on: 
Friday, April 5, 2024
Spend, Growth, Business, Case mix index, Change Healthcare, MBA, Hospital

The Business Activity Index expanded for the seventh consecutive month.

Key Points: 
  • The Business Activity Index expanded for the seventh consecutive month.
  • The New Orders Index remained in expansion for the seventh straight month, and the Employment Index also stayed in expansion territory.
  • The Case Mix Index registered 51 percent, a decrease of 1 percentage point compared to the February figure of 52 percent.
  • LeMaster continues, "The revenue issues caused by the Change Healthcare cybersecurity breach were top of mind for several Hospital Business Survey Committee respondents.

Scilex Holding Company Announces New Out-of-Pocket Costs for Commercially Insured Patients

Retrieved on: 
Thursday, March 21, 2024
Insurance, Patient, PALO, Investment, Change Healthcare, Chronic pain

PALO ALTO, Calif., March 21, 2024 (GLOBE NEWSWIRE) -- Scilex Holding Company (Nasdaq: SCLX, “Scilex” or “Company”), an innovative revenue-generating company focused on acquiring, developing and commercializing non-opioid pain management products for the treatment of acute and chronic pain, today announced that the out-of-pocket costs for its product portfolio for commercially insured patients is expected to be capped at $25 monthly, with certain eligible patients paying as low as $0.

Key Points: 
  • PALO ALTO, Calif., March 21, 2024 (GLOBE NEWSWIRE) -- Scilex Holding Company (Nasdaq: SCLX, “Scilex” or “Company”), an innovative revenue-generating company focused on acquiring, developing and commercializing non-opioid pain management products for the treatment of acute and chronic pain, today announced that the out-of-pocket costs for its product portfolio for commercially insured patients is expected to be capped at $25 monthly, with certain eligible patients paying as low as $0.
  • Scilex is aware of the impact this disruption has had on its patients and customers and has worked diligently to resolve the issue.
  • Scilex co-pay programs is designed to help patients reduce their co-pays and out-of-pocket costs for their medication.
  • For more information on Scilex Holding Company, refer to www.scilexholding.com
    For more information on ZTlido® including Full Prescribing Information, refer to www.ztlido.com .

Noridian Continues To Support Providers and Suppliers Amid Change Healthcare Cyber Security Incident

Retrieved on: 
Thursday, March 14, 2024
American Samoa, DME, Change Healthcare, Senior, Medicare, CMS, Health insurance

FARGO, N.D., March 14, 2024 (GLOBE NEWSWIRE) -- Noridian Healthcare Solutions, LLC (Noridian) , a leader in developing solutions for federal, state and commercial health care programs, is providing billing and claims processing support to providers impacted by the repercussions of the recent Change Healthcare cyber security incident.

Key Points: 
  • FARGO, N.D., March 14, 2024 (GLOBE NEWSWIRE) -- Noridian Healthcare Solutions, LLC (Noridian) , a leader in developing solutions for federal, state and commercial health care programs, is providing billing and claims processing support to providers impacted by the repercussions of the recent Change Healthcare cyber security incident.
  • In collaboration with the Centers for Medicare & Medicaid Services (CMS), Noridian is offering multiple options for navigating billing challenges, including electronic workarounds.
  • Additionally, Noridian streamlines the process for requesting Accelerated and Advance Payments to provide financial relief to impacted providers.
  • Through collaborative efforts with the CMS and other stakeholders, Noridian is working to facilitate options to resolve the ongoing challenges posed by Change Healthcare’s cyber security incident.

Experity Completes Migration of Clients to Waystar

Retrieved on: 
Friday, March 22, 2024
Software, Practice Management, Payments, Health, Data Management, Hospitals, Health Technology, Technology, Change, Blog, Communication, Change Healthcare, Safety, Cryptocurrency

Experity , the national leader in on-demand care solutions, announced today the complete migration of nearly 300 urgent care practices to revenue cycle manager Waystar in response to a recent incident at Change Healthcare (Optum) that impeded Experity clients’ ability to submit claims and receive payments.

Key Points: 
  • Experity , the national leader in on-demand care solutions, announced today the complete migration of nearly 300 urgent care practices to revenue cycle manager Waystar in response to a recent incident at Change Healthcare (Optum) that impeded Experity clients’ ability to submit claims and receive payments.
  • This migration to Waystar has allowed Experity to rapidly respond to these critical client needs.
  • The incident at Change Healthcare on February 20, 2024, prompted immediate action from Experity teams to keep clients informed about the extent of the interruption.
  • [Importantly, no evidence has been shared with Experity that any Experity client data has been impacted by this incident.]

Gibbs Law Group Files Class Action Lawsuit on Behalf of Healthcare Providers Harmed by Change Healthcare Data Breach

Retrieved on: 
Tuesday, March 19, 2024
Class Action Lawsuit, Professional Services, Legal, UnitedHealth Group, Computer, Health, Patient, Pharmacy, Associated Press, Hospital, Health care, Acquisition, Change Healthcare, Press, Insurance, American Hospital Association, DOJ, AHA, System, FBI, Eric Gibbs, Hearing, Cryptocurrency

On March 18, 2024, Gibbs Law Group filed a class action lawsuit against Change Healthcare Inc., Optum, Inc. and UnitedHealth Group Incorporated following a massive data breach that has disrupted critical infrastructure in the U.S. healthcare system since February 21, 2024.

Key Points: 
  • On March 18, 2024, Gibbs Law Group filed a class action lawsuit against Change Healthcare Inc., Optum, Inc. and UnitedHealth Group Incorporated following a massive data breach that has disrupted critical infrastructure in the U.S. healthcare system since February 21, 2024.
  • The lawsuit was filed on behalf of healthcare providers whose use of Change Healthcare’s services was disrupted due to the data breach and related shutdown of the Change Healthcare computer networks.
  • Affected healthcare providers have been unable to get paid on claims for medical services they have provided since the breach occurred.
  • Healthcare providers who believe they were impacted by the Change Healthcare data breach should contact our legal team for a free case evaluation by calling 510-369-0259 or visiting our website: Change Healthcare Class Action Lawsuit .

UnitedHealth Group Cyberattack Status Update

Retrieved on: 
Monday, March 18, 2024
Data Management, Practice Management, Technology, Managed Care, Health, General Health, Online Privacy, Security, Health Technology, Health Insurance, Software, UnitedHealth Group, Medicare, UNH, Change Healthcare

UnitedHealth Group (NYSE: UNH) continues to make progress in mitigating the impact to consumers and care providers of the unprecedented cyberattack on the U.S. health system and the Change Healthcare services, while continuing to expand financial assistance to affected providers.

Key Points: 
  • UnitedHealth Group (NYSE: UNH) continues to make progress in mitigating the impact to consumers and care providers of the unprecedented cyberattack on the U.S. health system and the Change Healthcare services, while continuing to expand financial assistance to affected providers.
  • “We continue to make significant progress in restoring the services impacted by this cyberattack,” said Andrew Witty, CEO of UnitedHealth Group.
  • To assist care providers whose finances have been disrupted by the cyberattack, the company has advanced more than $2 billion thus far through multiple initiatives.
  • The next call where the company will provide a detailed update with customers, care providers and their information security teams will be hosted later today.

Zimmerman Law Offices PC Announce the Filing of a New Class Action Lawsuit on Behalf of Healthcare Providers and Pharmacies that were Impacted by the Change Healthcare Data Breach

Retrieved on: 
Friday, March 15, 2024
Class Action Lawsuit, Professional Services, Legal, Disclosure, Insurance, District court, Patient, UnitedHealth Group, Pharmacy, Organization, Complaint, Change Healthcare

“This data breach continues to strain healthcare providers and pharmacies financially since they are unable to submit claims or preauthorizations to provide treatment to patients,” said Thomas A. Zimmerman, Jr., who represents the plaintiffs in this matter.

Key Points: 
  • “This data breach continues to strain healthcare providers and pharmacies financially since they are unable to submit claims or preauthorizations to provide treatment to patients,” said Thomas A. Zimmerman, Jr., who represents the plaintiffs in this matter.
  • The lawsuit seeks damages including loss of revenue, loss of time, out-of-pocket expenses, and compensation for the disclosure of personal information.
  • A copy of the complaint is available upon request, as are interviews with the attorneys in this matter.
  • If you have been impacted by the Change Healthcare data breach, please contact us for more information.