Profile: Accretive Health Inc (AH)
18 Dec 2013
Accretive Health, Inc. (Accretive Health), incorporated in July 2003, is a provider of services to the healthcare providers. The Company’s three offerings are revenue cycle management; quality and total cost of care, and physician advisory services. Its integrated revenue cycle management service offering helps the United States healthcare providers to manage their revenue cycles, which encompass patient registration, insurance and benefit verification, medical treatment documentation and coding, bill preparation and collections. Accretive Health’s customers are multi-hospital systems, including faith-based or community healthcare systems, academic medical centers and independent clinics, and the physician practice groups affiliated with those systems.
Revenue Cycle Management Offering
The Company’s revenue cycle services offering consist of integrated technology and revenue cycle management services, and it is intended to address the full spectrum of revenue cycle operational issues faced by healthcare providers. To implement its solution, Accretive Health supplements the customer’s existing revenue cycle management and staff with Accretive Health revenue cycle leaders, subject matter experts and staff, and connects its technology and analytical applications to the hospital’s existing technology systems. Accretive Health’s employees that the Company adds to the hospital’s revenue cycle team typically have experience in healthcare management, revenue cycle operations, technology, quality control and other management disciplines. In addition, the Company implements improved practices, advanced data management technology, as well as transferring aspects of their revenue cycle operations to its shared service centers. During the assessment phase of the customer relationship, it identifies specific areas for improvement in net revenue yield and begins implementation upon execution of a managed service contract.
Quality and Total Cost of Care Offering
The Company’s quality and total cost of care service offering consists of a combination of people, processes and technology that enables its customers to manage the health of a defined patient population. Through this offering, its customers have the ability to improve the quality of care, enhance the patient and physician experience and ultimately reduce the total cost of the population’s healthcare. Primary care physicians and other providers can use its database and knowledge of available medical resources to create individualized care plans for all patients. Providers can also use the care coordination resources the Company deploys when implementing its solution to conduct patient interventions that help ensure that the identified patients are able to adhere to the care plans developed by the physician and patient. Finally, its solution can provide the patient’s primary care provider with real-time insight into services being provided across the healthcare delivery system.
Physician Advisory Services Offering
The Company’s physician advisory services offering (AccretivePAS), assists hospitals in navigating the path to compliant revenue by providing concurrent level of care classification reviews, as well as retrospective chart audits utilizing physicians. Through use of its Web-based portal and clinical guidelines, the Company provides its customers with concurrent reviews to support the decision to classify a hospital visit as an in-patient or observation case for billing purposes. Among other services, it also provides customers with retrospective appeal management service support for both Government and commercial payors. Its physicians conduct detailed retrospective reviews of medical records to identify medical necessity for hospital services and the required documentation to support an appeal.
The Company competes with athenahealth, MedAssets, Deloitte Consulting, Huron Consulting, Perot Systems, Computer Science Corporation/First Consulting, United Health Group and Aetna.
Accretive Health Inc
Suite 2700, 401 North Michigan A
CHICAGO IL 60611