UnitedHealth Group provides timeline for restoring Change Healthcare systems after cyberattack

UNITEDHEALTH GROUP INC

Pharmacy e-prescribing fully functional; claim submission/payment transmission available as of March 7.
Electronic payment functionality available for connection from March 15; medical claims testing starts March 18.
Temporary Funding Assistance Program launched; UnitedHealthcare advances funds based on historical payment levels, repayable when claims resume.
Medicare Advantage prior authorizations for most outpatient services suspended until March 31; Part D formulary exceptions also suspended.
Company expects to exclude principal cyberattack impacts from adjusted earnings; no other systems affected.

Key facts

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Cybersecurity Incidents SEC 8-K Item 1.05 confidence 0.9

UNITEDHEALTH GROUP INC disclosed a cybersecurity incident: cybercrime threat actors accessed certain Change Healthcare IT systems. Impact: disruption to pharmacy, medical claims and payment services; company working to restore systems. Materiality is still being assessed.

Nature: cybercrime threat actors accessed certain Change Healthcare IT systems
Impact: disruption to pharmacy, medical claims and payment services; company working to restore systems
Materiality: assessing

Exact text from the filing

As of the date of this Amendment, the Company has not determined the incident is reasonably likely to materially impact the Company’s financial condition or results of operations.

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2 cybersecurity incidents filed in the last 30 days. Browse all cybersecurity incidents →

UNITEDHEALTH GROUP INC filing history →

Source: SEC EDGAR

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