Glancy Binkow & Goldberg LLP Announces Investigation of Accretive Health, Inc.
Posted on April 25, 2012 at 17:42 PM EDT

Glancy Binkow & Goldberg LLP announces that it is investigating potential claims on behalf of purchasers of the securities of Accretive Health, Inc. (Accretive Health” or the “Company”) (NYSE:AH) concerning possible violations of federal securities laws. The investigation focuses on allegations that certain statements issued by Accretive Health regarding the Company’s business and operations were false and misleading. Accretive Health provides revenue cycle management services for hospitals and healthcare providers in the United States, including integrated revenue cycle management services, quality and total cost-of-care services and physician advisory services.

The investigation concerns a lawsuit filed in United States District Court by the Minnesota Attorney General alleging that Accretive Health violated state and federal health privacy laws, state debt collection laws, and state consumer protection laws. Among other things, the lawsuit alleges that Accretive Health gained access to sensitive patient data through contracts with two Minnesota hospital systems and numerically scored patients’ risk of hospitalization and medical complexity, graded their “frailty,” compiled per-patient profit and loss reports, and identified patients deemed to be “outliers.” According to a press release issued by the Minnesota Attorney General announcing the lawsuit, Accretive Health “found a way to essentially monetize portions of the revenue and health care delivery systems of some nonprofit hospitals for Wall Street investors, without the knowledge or consent of patients who have the right to know how their information is being used and to have it kept confidential.”

If you purchased Accretive Health securities, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, by telephone at (310) 201-9150, Toll Free at (888) 773-9224, by e-mail to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts:

Glancy Binkow & Goldberg LLP, Los Angeles, CA
Michael Goldberg
(310) 201-9150 or (888) 773-9224
shareholders@glancylaw.com
www.glancylaw.com
Related Stocks:
about AH , CI , HRB , and 2 more.
category NYSE:JNJ , NYSE:HRB , NYSE:AH , and 2 more.
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here