- British Prime Minister seeks answers after soldier hacked to death |
- Global shares sink on U.S. stimulus pullback, Chinese growth fears
- RPT-Ford to close Australia auto plants
- British soldier hacked to death in suspected Islamist attack
- China factory activity shrinks for first time in seven months: flash PMI |
Accretive Health shares rise after it denies Minnesota allegations
(Reuters) - Shares of Accretive Health Inc rose as much as 8 percent on Monday, after the company denied Minnesota Attorney General's allegation that it violated patient privacy and debt collection laws.
Shares of Chicago-based Accretive Health, which provides medical billing, insurance verification and other services to healthcare providers, were up 6 percent at $11.51 in late afternoon trading. It rose to $11.76 earlier in the day.
In a 29-page response, the company said on Friday all its employees were instructed never to insist on clearing prior payments to patients for receiving treatment.
The company's shares tumbled as much as 29 percent on April 25 after the Attorney General alleged that Accretive Health placed debt collectors in emergency rooms and demanded payments from patients before they received treatment.
The company said it intends to vigorously defend itself in the pending litigation.
(Reporting by Balaji Sridharan in Bangalore)
- Tweet this
- Share this
- Digg this