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Accretive Health Enters Into Settlement Agreement With Minnesota State Attorney General With No Admission Of Liability Or Wrongdoing

Stocks in this article: AH

Accretive Health, Inc. (NYSE: AH) today announced that it has entered into an agreement to settle the allegations brought against the Company by the Minnesota State Attorney General earlier this year following the theft of a laptop, from which no patient data was accessed. The settlement contains no admission of liability or wrongdoing.

Additionally, throughout the course of her investigation, the Attorney General did not and could not identify a single patient in Minnesota who experienced a problematic interaction with an Accretive Health employee. The Company also said that in its experience it never witnessed client personnel demonstrate inappropriate behavior toward a patient and there were no cases found of a single patient, out of millions of interactions, that even alleged they were ever denied care by any person. In order to prevent this matter from being a continued distraction, the Company has entered into a settlement that makes clear that there was no wrongdoing on its part and no findings of fault against any of its employees.

“Even though we believe the claims against us were either baseless or exaggerated, we have used this opportunity to carefully examine our own practices in order to ensure we are setting the very highest standards for our own performance and achieving the best possible outcomes for hospitals, patients and communities.” said Mary Tolan, Chief Executive Officer. “Entering into this settlement agreement allows our Company to put this matter behind us and prevents further distraction from the important work that we do for our hospital clients.”

“The Minnesota Attorney General’s actions towards Accretive Health were unnecessarily aggressive and, unfortunately, will cost more than 100 Minnesotans their jobs,” she added.

As outlined in the settlement agreement, Accretive Health has chosen to wind down its remaining client services in Minnesota at this time. The Company may continue licensing its revenue cycle technology to the clients it served in the State and will evaluate whether or not it chooses to return to Minnesota with client services. The company will also pay a settlement sum of $2,490,400.

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