Ashley Capoot reports:
Following the massive cyberattack on UnitedHealth Group’s Change Healthcare unit last year, the company launched a temporary funding assistance program to help medical practices with their short-term cash flow needs, offering no-interest loans with no added fees.
A little over a year later, UnitedHealth is aggressively going after borrowers, demanding they “immediately repay” their outstanding balances, according to documents viewed by CNBC and providers who received funding. Some groups have been asked to repay hundreds of thousands of dollars in a matter of days.
Read more at CNBC.
From the reporting, it sounds like UnitedHealth may not be fully complying with assurances it gave providers and Congress last year about how and when loan repayment would be initiated.
How much more of a reputation hit can UnitedHealth manage?