Accretive shares plummet after critical AG report - 13 WTHR Indianapolis

Accretive shares plummet after critical AG report

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ST. PAUL -

An Illinois medical debt collection company's stock fell sharply yesterday after a critical report on its practices from the Minnesota attorney general.

Shares in Accretive Health plunged more than 40 percent on the report, which accused the company of routinely pressuring patients to pre-pay for services at two Minnesota hospital systems.

Attorney General Lori Swanson released a six-volume report Tuesday that says Chicago-based Accretive did bedside debt collections and targeted vulnerable emergency room patients and expectant mothers.

The report also says Accretive debt collectors had access to private patient medical history.

A spokeswoman for Accretive, Rhonda Barnat, says the firm has "a great track record of helping hospitals enhance their quality of care."

(Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.)

 

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