The 60-year-old code behind $5 trillion in healthcare

The U.S. spends $5.3T a year on healthcare, yet patient medical records are often fragmented across more than 10 disconnected systems. Its core architecture has...

In February 2024, a ransomware attack on Change Healthcare shut down claims processing for roughly 40% of U.S. medical claims. The breach cost over $2.45B and exposed medical information of 192.7M Americans, with 94% of hospitals reporting financial damage. BlackCat (ALPHV) ransomware group accessed the system through a basic vulnerability: The portal lacked multi-factor authentication. While a criminal organization reached the records of 6 in 10 Americans through a single external access portal, the healthcare system itself still cannot move those records between two hospitals. Up to…