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Tag: Operating Performance

Cyberattack Can’t Stop Healthcare Giant! Revenue Soars Despite Hackers’ Raid

UnitedHealth Group's quarterly results showed strong revenue growth, but the Change cyber attack impacted earnings. The attack caused disruption costs and a loosening of pre-authorization rules, resulting in a higher medical loss ratio. Optum Health, a major division, experienced revenue gains but also incurred cyber attack costs. Overall, UnitedHealth's transparency in reporting allows investors to understand the impact of such events on its financial performance.