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Ransomware Attacks Surge in Healthcare

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Ransomware continues to pose a severe threat to the healthcare sector, according to the State of Ransomware in Healthcare 2024 report from Sophos. While attacks have decreased in many industries, healthcare organizations are increasingly targeted. Ransom payments in the healthcare sector have also surged. million in 2023.

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Ransomware Attack that Led to HIPAA Violation Nets Healthcare Provider $240k Fine

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Key findings: The big picture: The 264% increase in ransomware attacks on healthcare organizations since 2018 has heightened the scrutiny around HIPAA compliance. The healthcare sector needs to get serious about cybersecurity and complying with HIPAA.” Learn more.

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Nearly All Healthcare Providers Facing Cyber Attacks: Report

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If you work in healthcare revenue cycle management or with healthcare providers, this statistic may just blow your mind: 92% of healthcare providers said they faced at least one cyber attack in the past 12 months, up from 88% a year ago, according to a report published by Proofpoint and The Ponemon Institute. million in 2023.

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U.S. Bank Acquires Healthcare Payments Company Salucro

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Bank, a leading financial services provider, has announced the completion of its acquisition of Salucro Healthcare Solutions LLC, a Tempe, Arizona-based company specializing in healthcare financial technology. Bank reflects a growing trend of financial institutions investing in specialized healthcare fintech. This move by U.S.

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Navient to sell Healthcare Services Business to CorroHealth

Account Recovery

— Navient (Nasdaq: NAVI) announced today that it had reached an agreement to sell its Healthcare Services business to CorroHealth, a leading health technology company. Doing business as Xtend Healthcare, Navient’s healthcare revenue cycle management organization is headquartered in Hendersonville, Tenn. HERNDON, Va.

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Navient to sell Healthcare Services Business to CorroHealth

Account Recovery

— Navient (Nasdaq: NAVI) announced today that it had reached an agreement to sell its Healthcare Services business to CorroHealth, a leading health technology company. Doing business as Xtend Healthcare, Navient’s healthcare revenue cycle management organization is headquartered in Hendersonville, Tenn. HERNDON, Va.

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Uptick in Claims Denials Making Reimbursements More Difficult for Healthcare Providers: Report

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The healthcare industry continues to grapple with an increasing number of claim denials, exacerbating financial challenges for providers and complicating revenue cycle management.