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Change Healthcare was established in 2007 and based in Brentwood, Tennessee. [5] The company provided healthcare consumer engagement [clarification needed] and health plan cost transparency tools to health plans and large, self-insured employers, [6] across the United States.
The cyberattack began on Feb. 21 against Change Healthcare, which is a health care technology company that is part of Optum and owned by UnitedHealth Group, according to the American Hospital ...
Acting as a pipeline between health care and insurance providers, Change operates 15 billion medical transactions each year, representing more than $1.5 trillion in health care claims, its website ...
The focus was on creating local or regional exchanges that offered a series of standardized health care plans that reduced the complexity and cost of acquiring or understanding health care insurance, while simplifying claims administration. The system was modeled after the standardized stock exchange and banking industry back office processes ...
The rate of increase in both health insurance premiums and out-of-pocket costs have declined in the employer-based market. For example, premiums increased at an annual rate of 5.6% from 2000-2010, but 3.1% from 2010-2016. An estimated 155 million persons under the age 65 were covered under health insurance plans provided by their employers in 2016.
The cyberattack began on Feb. 21 against Change Healthcare, which is a health care technology company that is part of Optum and owned by UnitedHealth Group, according to the American Hospital ...
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