[Cyberattack:] Ascension recoups $1B in advance payments

[Cyberattack:] Ascension recoups $1B in advance payments 
Becker's Hospital CFO Report; by Alan Condon; 2/19/25 
St. Louis-based Ascension has recouped about $1 billion in advance payments from Medicare and certain commercial payers related to disruptions from the May ransomware attack that affected the health system as well as the February 2024 Change Healthcare cyberattack. "The advance payments helped to mitigate the unfavorable cash flow impacts associated with the aforementioned cyber incidents as revenue cycle processes continue to ramp towards recovery," the health system said in financial documents published Feb. 17. "In accordance with the terms and conditions of the programs, recoupments began in FY24 with all payments being fully recouped at Dec. 31, 2024."