Accretive Health, a debt-collection company under fire from Minnesota and federal officials for aggressive tactics to squeeze money from hospital patients, is striking back at critics.
In a rebuttal to accusations made by Minnesota Attorney General Lori Swanson (D), Accretive Health flatly denied it has violated federal or Minnesota laws governing debt collection and patient privacy and said its role in hospitals is to help patients find ways to pay for their medical care. "We are proud of what we do," the company said in 29-page report issued Friday evening. "Patients appreciate the education, expertise, and compassion that we provide."
Accretive Health has been battered in Minnesota, Washington, and on Wall Street since Swanson published a six-volume report on her website last month alleging that the Chicago-based company demanded that emergency room patients pay before receiving medical care, that collectors visited patients' bedsides asking for money, and that collectors employed harsh and deceptive tactics. Democratic lawmakers and federal agencies have made inquiries and Accretive Health shares lost more than half their value before rebounding after the company reported positive earnings Thursday.
Read more here: http://www.huffingtonpost.com/2012/05/11/accretive-health-debt-collector-hospita...
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