On February 21, 2024, a cybersecurity attack took down Change Healthcare, the country’s largest processor of medical claims. Since then, hospitals, doctors, and other providers have struggled to be reimbursed for medical claims – putting up to a quarter of our nation’s physician practices in severe financial distress and threatening their ability to stay open. This is particularly concerning for small and independent practices, who lack the infrastructure and resources of larger hospitals and systems.
In the wake of this attack, PEPC members are stepping up to support their practices, and calling on the Administration to do more. This includes:
- Aledade is accelerating $100 million in shared savings to practices experiencing financial hardship, and establishing a website for its physician practice partners to get timely and reliable updates.
- American Academy of Family Physicians (AAFP) continues to advocate for family physicians, and has provided its members with tools and resources as they navigate the current climate.
- California Medical Association has provided its physicians with a summary of known impacts of the cyberattack, workarounds for practices, and guidance from payors.
- Medical Group Management Association (MGMA) has been a voice for physician practices – informing the Administration of the widespread affects of the cyberattack, and calling on HHS to utilize all the tools at its disposal to mitigate these impacts.
PEPC is proud to be a voice for small and independent practices throughout the nation. Our members remain committed to supporting practices in keeping their doors open and avoiding disruptions in care until the cyberattack is resolved.