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billion in 2024 profits that included a $693 million fourth quarter loss as the health insurer exits unprofitable Medicare Advantage markets. Humana Tuesday reported $1.2
billion in 2024 profits as its UnitedHealthcare health insurance and Optum provider services overcame rising costs and a cyberattack. UnitedHealth Group reported $14.4
Elevance Health reported nearly $6 billion in 2024 profits including $418 million in the fourth quarter as the health insurer worked to overcome rising medical expenses.
billion in 2024 profit including $1.6 billion in the fourth quarter as its health insurance business works to overcome rising medical expenses. CVS Health reported $4.6
HENDERSON, NV – November 2024 – MEDVA, a pioneering leader in healthcare virtual staffing solutions, has been awarded Healthcare Virtual Assistant Company of the Year 2024 by Healthcare Business Review (HBR). For more information, visit www.MEDVA.com.
Highmark Health, parent of Blue Cross and Blue Shield plans in four states, reported a $417 million profit for the first half of 2024 on insurance and provider growth.
Verisource Services, an employee benefits administration service provider, has determined that a previously announced data breach was far worse than initially thought and has affected up to 4 million individuals.The Houston, Texas-based company detected a hacking incident on February 28, 2024, that disrupted access to some of its systems.
Operating income fell for all but two insurance divisions operated by major payers in the fourth quarter. And 2025 may be no better, after many major payers released outlooks suggesting medical costs will continue climbing this year.
Payer profits fell in 2024 as Americans, especially older ones, utilized more medical care. But efforts to resuscitate margins appear to be working for most — at least for now, according to first quarter results.
Ascension learned on December 5, 2024, that the business partner had experienced a hacking incident. Ascension in St. Louis, Missouri, has started notifying certain patients about a security incident at one of its former business partners.
Medical Express Ambulance Service has announced a March 2024 data breach that has affected more than 118,000 individuals. The security breach was identified on March 18, 2024, when network disruption was experienced that affected the functionality of certain systems.
Oscar Health reported a $25 million profit for the full year 2024 as the provider of individual Obamacare health insurance achieved record enrollment and revenue growth.
The email account was secured the same day, and the forensic investigation confirmed the account was compromised from December 2 to December 4, 2024. This breach also involved a compromised email account and was detected by Restorix on May 30, 2024. Restorix sent notification letters to the affected patients on December 18, 2024.
The file review confirmed that the types of data compromised in the cyberattack included names, addresses, dates of birth, Social Security numbers, drivers license numbers, medical information, and health insurance information. Suspicious activity was identified within its computer systems on April 11, 2024.
The exposed data included names, birth dates, Social Security numbers, and health insurance information. On or around July 6, 2024, an unauthorized third party accessed the network and viewed or acquired individuals protected health information.The affected data was reviewed, and that process was completed on March 6, 2025.
A new report from a leading cyber insurance provider shows a slight decline in claims for ransomware attacks in 2024. There was a 19% decrease in claims frequency in 2024 by businesses in the healthcare industry, which fell to 1.38%; however, claim severity increased by 32% year-over-year, with an average loss of $144,662.
Health insurance plans make mainstream media news every week, whether coverage deals with the cost of a plan, the cost of out-of-network care, prior authorizations, or cybersecurity and ransomware attacks, among other front-page issues. Value-based care will be a big topic at AHIP 2024 with examples and case studies shared.
Top Reasons to Choose a Medical Assistant Career in 2024 1. Bureau of Labor Statistics, the employment of medical assistants is expected to grow much faster than average through 2024. The post Medical Assistant Careers in 2024: Why Now Is the Best Time to Start appeared first on Northwest Suburban College. According to the U.S.
The California health insurance exchange, Covered California, has been found to be sharing sensitive data with LinkedIn via website trackers, according to an investigation by The Markup. The data was apparently being transmitted to LinkedIn as part of an advertising campaign that had been running since February 2024.
The use of ransomware in cyberattacks decreased slightly in the first half of the year; however, the severity of ransomware attacks increased according to the 2024 Cyber Claims Report: Mid-Year Update from cyber insurance and security service provider Coalition.
On or around September 11, 2024, suspicious activity was identified in an employee email account. Third-party digital forensics specialists were engaged to investigate the activity and confirmed that an unauthorized third party had gained access to several employee email accounts from August 19, 2024, to September 25, 2024.
The redo comes after regulators lost two court cases over the methodology used to determine 2024’s quality ratings, and should result in hundreds of millions of dollars in additional bonuses to plans that see their ratings improve.
Catch up with the last month of 2024 for anything you might have missed! Enables you to change pension rates and National Insurance details Help Centre - A compilation of FAQs, useful videos, and information on our HUB products HUB weekly support sessions - Join one of our weekly sessions to discover more about the HUB and what it can offer.
The BMA welcomed the news, signalling that the extra money might help to relieve the pressure that practices face from the National Insurance increase. The post Primary care news round-up (19th December 2024 to 1st January 2025) appeared first on GP Practice Management Blog.
Runaway inpatient spending in particular caused CVS’ insurance costs to snowball after returning “to patterns we have not seen since the start of the pandemic,” its CFO said.
Practice Managers were particularly concerned that the Chancellor Rachel Reeves had not heeded their pleas about the impact of employer National Insurance increases. The post Primary care news round-up (24th October to 30th October 2024) appeared first on GP Practice Management Blog.
This code is acceptable to insurers when used to describe a marked change in mental health status not attributable to other factors. While insurers prefer more descriptive ICD-10 codes, mental health practitioners should not list something specific if the patient’s medical record cannot support the diagnosis.
Hillcrest Convalescent Center Hillcrest Convalescent Center in Durham, North Carolina has notified 106,194 individuals about a data security incident identified on June 27, 2024. Notification letters were mailed to all affected individuals on March 3, 2024. The Hillcrest incident involved the data of 106,194 individuals.
The HIPAA Journal first reported a potential data breach in August 2024, after the RansomHub ransomware group added NeuroSav to its dark web data leak site. The post Georgia & Missouri Healthcare Providers Notify Patients About 2024 Hacking Incidents appeared first on The HIPAA Journal.
It's so easy to use and with just a few simple steps, you can accurately establish the impact of National Insurance, pension and National Minimum Wage changes for your practice. The post Whats new across Practice Index November 2024 roundup appeared first on GP Practice Management Blog. Further updates can be found here.
Alternate Solutions Health Network explained in its substitute breach notice that the forensic investigation confirmed that the account was breached on or around May 30, 2024. Suspicious activity was identified in an employee’s email account in October 2024.
Other insurers including UnitedHealthcare and Centene also share concerns about methodological rigidity and that the rating system may have diverged from its purpose of improving patient care. In March 2023, both insurers were penalized after allegedly missing a single CMS secret shopper phone call , a call they claim was never received.
Millions of Americans believe they have been treated negatively by a physician due to their weight, insurance status, physical appearance and/or state of mental health, according to a YouGov poll published August 6, 2024. adults 18 and over online in late June 2024. To gauge U.S. Empathy ranks relatively high.
Backlash over new National Insurance costs The Government has faced a backlash after it failed to guarantee support for practices facing payment of the employers’ National Insurance increase. The post Primary care news round-up (31st October to 6th November 2024) appeared first on GP Practice Management Blog.
doing business as Vitruvian Health in Georgia and Tennessee, and Erlanger Health in Tennessee, have been affected by a cyberattack on its debt collection vendor, Nationwide Recovery Service.Suspicious activity was identified within the Nationwide Recovery Service network on July 11, 2024.
The Sunflower Medical Group data breach occurred on December 15, 2024, but was not discovered for more than three weeks. The hacker was able to access names, addresses, dates of birth, Social Security numbers, drivers license numbers, medical information, and health insurance information.
Gaia Software has disclosed details of a February 2024 cyberattack, Pinnacle Orthopaedics & Sports Medicine Specialists are investigating an April 2024 cyberattack, and OB GYN Specialists of Lima have discovered the improper disposal of patient data.
Access TeleCare, Texas The Dallas, TX-based acute and specialty telemedicine provider Access TeleCare identified unauthorized access to an employees email account on January 8, 2024. On or around November 18, 2024, suspicious activity was identified in an employee email account.
Despite the stronger membership, Humana doesn’t expect earnings growth next year due to significant investments the insurer plans to make to boost MA stars.
Palomar Health Medical Group has warned patients that they may have been affected by an April 2024 cyberattack, and DaVita has learned that tracking tools on its website and mobile app may have sent user data to third-party vendors. DaVita Notifies Patients About Tracking Technology Privacy Incident DaVita Inc.,
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