UnitedHealth Maintains Financial Outlook Despite $1.6 Billion Cyberattack Cost

UnitedHealth Group overcomes a significant cyberattack, reaffirming its 2024 earnings forecast and demonstrating resilience amid disruptions.

UnitedHealth Group expects a financial impact of up to $1.6 billion from the Change Healthcare cyberattack but maintains its 2024 earnings forecast.
The cyberattack disrupted U.S. healthcare payments and data systems, affecting hospitals and medical groups nationwide.
Despite the disruptions, UnitedHealth reported a first-quarter profit that surpassed analysts' expectations, with shares rising significantly.
The company has made substantial progress in restoring services, with key operations now 80% functional.
UnitedHealth provided over $6 billion in advance funding to healthcare providers affected by the cyberattack.