[ad_1] An entry sign to the Johnson & Johnson campus shows their logo in Irvine, California on August 28, 2019. Mark Ralston | AFP | Getty Images Johnson & Johnson on Tuesday reported first-quarter adjusted earnings that topped Wall Street’s expectations as sales in its medical devices business surged. Meanwhile, the company’s total revenue for…
[ad_1] UnitedHealth Group reported better-than-expected revenue in its first-quarter results on Tuesday, though the company is still dealing with the fallout from the cyberattack on its subsidiary Change Healthcare. Here’s how the company did: Earnings: $7.16 per share adjusted, vs. $6.61 expected by analysts, according to LSEG. Revenue: $100.08 billion adjusted, vs. $99.26 billion expected…
[ad_1] UnitedHealth Group’s first-quarter earnings report Tuesday will mark the health-care giant’s first major public comments since a cyberattack on its Change Healthcare billing and payments subsidiary in February, which has led to the largest disruption in U.S. health care since the Covid pandemic. “Everybody looks to United as the bellwether of all of health-care…
[ad_1] Shares of U.S. health insurers fell Tuesday after the Biden administration didn’t boost payments for private Medicare plans as much as the insurance industry and investors had hoped. Shares of CVS Health fell more than 8% on Tuesday, while UnitedHealth Group‘s stock slid nearly 7%. Shares of Elevance Health dropped more than 3% and…
[ad_1] In this photo illustration the UnitedHealth Group logo displayed on a smartphone screen. Sheldon Cooper | Sopa Images | Lightrocket | Getty Images UnitedHealth Group has paid out an additional $1 billion to providers that have been impacted by the Change Healthcare cyberattack since last week, bringing the total amount of funds advanced to…
[ad_1] UnitedHealth Group Inc. headquarters stands in Minnetonka, Minnesota, U.S. Mike Bradley | Bloomberg | Getty Images UnitedHealth Group said Monday that it’s paid out more than $2 billion to help health-care providers who have been affected by the cyberattack on subsidiary Change Healthcare. “We continue to make significant progress in restoring the services impacted…
[ad_1] In this photo illustration, the UnitedHealth Group logo is displayed on a tablet. Igor Golovniov | Sopa Images | Lightrocket | Getty Images The U.S. Department of Health and Human Services has launched an investigation into UnitedHealth Group following the cyberattack on its Change Healthcare unit that has disrupted crucial operations in pharmacies and…
[ad_1] In this photo illustration the UnitedHealth Group logo displayed on a smartphone screen. Sheldon Cooper | Sopa Images | Lightrocket | Getty Images UnitedHealth Group on Thursday said it expects to restore Change Healthcare’s systems by mid-March, offering a potential resolution to the ransomware attack that has disrupted crucial operations across the U.S. health-care…
[ad_1] In this photo illustration, UnitedHealth Group Inc logo seen displayed on a tablet. Igor Golovniov | Sopa Images | Lightrocket | Getty Images Change Healthcare on Friday said it’s finished setting up a new electronic prescription service, which could help provide some relief to pharmacies and physicians that have been struggling to contend with…
[ad_1] Small private practices and health-care providers are facing mounting financial pressures as crucial reimbursement systems remain down for the ninth day, following the cyberattack on Change Healthcare. Change Healthcare offers tools for payment and revenue cycle management that help facilitate transactions between providers and most major insurance companies. Its parent company UnitedHealth Group discovered…
