Infusion company Option Care Health acknowledged Thursday it is being affected by the cyberattack on UnitedHealth Group’s Change Healthcare unit and its financial results could take a hit.
In a regulatory filing with the Securities and Exchange Commission, Option Care Health said the hack could affect cash flow and working capital due to its inability to process claims. It also said it could face higher interest rates due to lower-than-expected interest-bearing cash balances, as well as difficulties with registering patients, billing and collecting payments.
Related: Feds launch investigation into UnitedHealth over Change cyberattack
The company said its liquidity remains strong and it has not yet drawn on its $400 million revolving credit facility.
Option Care said it uses several Change applications but disconnected from its system on Feb. 21, the day of the attack. The company said it has been working to find other processes to maintain patient care and its overall operations.
“Since receiving notice from Change Healthcare, the company has not identified any compromise or unauthorized access of its systems or network due to this third-party incident,” Option Care said in the filing.
Bannockburn, Illinois-based Option Care is one of the nation’s largest independent infusion companies by revenue, providing services at home and in its own facilities.
The Change cyberattack is having a significant impact on the home infusion sector, according to an industry trade group. The National Home Infusion Association said in a statement to members that "the majority of infusion pharmacies were unable to transmit a significant portion of their medical and pharmacy claims."
Change Healthcare was allegedly targeted by ransomware group BlackCat more than three weeks ago. The company provides vital functions, including claims submissions and billing operations for hospitals, health systems, medical groups, nursing homes, pharmacies and other providers.
