How a cyber event impacted medical claims processing for a third of the US

Presented by the Technology Alliance Group NW

This year, a cyber event of enormous magnitude caused U.S. health claims processing to grind to a hault. What happened and how can this be prevented in the future? Join TAG NW on Nov 1 to find out. In this cybersecurity discussion, technology professionals and medical personnel effected by the event will discuss the root cause, the impacts, and the recovery process.

In February 2024, healthcare in the United States almost ground to a halt. A cyber event impacted Change Health, a subsidiary of UHC that processes as much as 1/3 of all US health claims transactions (>$1 Trillion/year). Desperate patients around the country were forced to choose between paying out of pocket for essential medications or forgoing them entirely. Clinics and physicians had to choose between paying their staff and their bills, resulting in UHG paying out billions in interest-free loans to keep these offices afloat.

Also impacted were hundreds of thousands of health providers who could not collect a large percentage of their insurance reimbursements or make claims using the Change Healthcare claims exchange. Many struggled to meet their financial obligations while their revenue stream was impaired. The cyber breach may have compromised personal and medical data of half of all U.S. residents.The Change Healthcare response included identifying the source of the attack, responding to a ransomware request, expediting a massive technology recovery, and responding to providers, patients, and governments.

What you'll gain:

  • A deeper understanding of the breach's impact on patients and providers.
  • Insights into UHG's rapid response and recovery efforts.
  • Strategies to help your organization prepare for and mitigate similar threats.
  • Networking and connections with other technology industry professionals.

Featured speakers:

  • Chris Darville, Director of Site Reliability Engineering, UHG/Optum, who led the response to the crisis.
  • Locally impacted healthcare practitioners

Moderator: 

Ed O'Neill, VP/Operational Risk Officer—Cloud Technology and Cyber Risk, Wells Fargo, and a TAG board member.

Location: 

Hotel Leo, 1224 Cornwall Ave, Bellingham, WA 98225

3:30-4:00 PM Doors Open and Social

4:00-5:00 PM Panel Discussion

5:00-5:30 PM Social/Reception

Additional tickets available to a VIP Reception from 6-7:30 PM

Tickets include light appetizers and non-alcoholic beverages.

Cash bar available for alcoholic beverages.

This event is made possible through the generous support of Janicki and The O’Neill Family Foundation.

About TAGNW

The Technology Alliance Group NW is a 501(c)(3) non profit organization located in Bellingham, WA focused on growing and connecting the technology community. Their mission is to build collaborations and create connections in support of a thriving tech community in Whatcom and Skagit County.
 

Date
Fri, November 1, 2024
Time
3:30–5:30 (Pacific)
Fee
$50
Location
Hotel Leo
Click Here to Register
Register by Wed, October 30, 2024