WCCO EYE4 LOGO WCCO Radio wcco-eye-green01, ww color green

Local

Accretive Shares Plummet After Critical AG Report

View Comments

CBS Minnesota (con't)

Affordable Care Act Updates: CBSMinnesota.com/ACA

Health News & Information: CBSMinnesota.com/Health

Today's Most Popular Video
  1. Minneapolis Preparing For A Busy Weekend
  2. 4 Things To Know For 7/10
  3. Hamel Rodeo Kicks Off 34th Year Friday
  4. Working For The Weekend: Top Entertainment Bets
  5. The Lowdown: Bieber Punished For L.A. Egg Throwing Incident

ST. PAUL, Minn. (AP) — An Illinois medical debt collection company’s stock is falling sharply after a critical report on its practices from the Minnesota attorney general.

Shares in Accretive Health Inc. plunged more than 40 percent on Wednesday, to below $11, after the company was accused 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 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

View Comments
blog comments powered by Disqus