Cyberattack On Healthcare Claims Processor Costing Hospitals $2B A Week In Cash Flow, Data Show

Data from more than 1,850 hospitals and 250,000 physicians shows the immediate effects of the cyberattack on outgoing claims:

The weekly estimated cash value of claims by the providers in the Kodiak Revenue Cycle Analytics (RCA) database dropped by more than a quarter in the first impacted week and now has fallen to 63% of the expected baseline, according to RCA data.

The cash flow impact of those delayed claims has ranged from $1.84 billion in the first week to $2.53 billion in the latest full week, compared with the baseline—the average of the weekly estimated cash value of claims from Jan. 1 through Feb. 17.

The total estimated cash flow impact for the hospitals reporting data to Kodiak RCA through March 9 is $6.3 billion in payments that are delayed.

Kodiak RCA software monitors every patient financial transaction from more than 1,850 hospitals and 250,000 physicians nationwide.