The Accretive Health lawsuit is currently in its early stages. It has the potential to be a Class action suit. If the lawsuit is successful, it could result in the company paying millions of dollars in damages to former patients. The lawsuit is currently being investigated by the attorney general’s office in Illinois. There are also concerns about Accretive’s debt collection practices. Let’s discuss the potential lawsuit in more detail.
The company was accused of putting patient information at risk of being sold to competitors. The company, which is part of a private equity fund in New York, scored patients on “frailty” and compiles per-patient profit and loss reports. It also told Wall Street investors what it was doing with the information and collected incentive payments. Despite this, Accretive still lost the lawsuit. A settlement was reached, but it will be worth nothing if the lawsuit spreads.
The investigation into the company began when the state attorney general of Minnesota announced that the company violated privacy laws by storing data on more than 23,000 Fairview and North Memorial patients. In June, the lawsuit was amended to include multiple claims of collection practices. However, Accretive has denied the accusations. It will fight the lawsuit in court and seek damages. In the meantime, it will have to pay millions of dollars in fines and legal fees.
Class action lawsuit
Accretive Health Inc. is a medical debt collection company based in Chicago. The lawsuit was filed after a stolen laptop caused a data breach. Sen. Al Franken has been investigating the company’s actions. Rep. Pete Stark is calling for federal regulators to crack down on abusive debt collection practices in healthcare. The class action lawsuit filed by a New York law firm alleges that Accretive violated state and federal consumer protection and health privacy laws.
Accretive is a provider of cost control services, revenue cycle management, and compliance services. During the class period, Accretive entered into two contracts worth several million dollars. Together, these contracts accounted for about 12 percent of Accretive’s revenue. These contracts are referred to as QTCC and were the first of their kind. As a result, the companies’ stock prices plummeted.
Minnesota Attorney General
The Accretive Health lawsuit against the Minnesota Attorney General alleges that the company has violated federal and state privacy laws. Specifically, Accretive violated the Health Insurance Portability and Accountability Act (HIPAA), which makes business associates directly liable for violations of federal privacy laws. In addition, Accretive’s use of patient health information to generate profit and loss reports appears to violate federal law.
In exchange for paying a $2.5 million settlement, Accretive agreed to end all operations in Minnesota and return all patient data. Accretive will also be barred from operating in the state for up to six years, depending on the terms of the agreement. Until that time, Accretive must seek permission from the Minnesota Attorney General and enter a consent decree with the AG, which governs its business practices.
Accretive Health, Inc. agreed to settle allegations brought by the Minnesota Attorney General. The complaint alleges that Accretive failed to implement adequate security measures, breached privacy laws, and provided employees with more information than they needed. The complaint also alleges that Accretive failed to implement effective security measures and breached state laws. It is unclear whether the lawsuit will be successful.
Accretive’s debt collection practices
In June, the Attorney General’s office filed a complaint against Accretive Health for its practice of “siccing” debt collectors on patients, including patients with chronic health conditions. Accretive has denied any wrongdoing and has said that the company only met with stable, non-life-threatening patients, who did not object to debt collection meetings.
The Accretive Health lawsuit based on its debt collection practices comes on the heels of a critical report by the Minnesota Attorney General. The report details Accretive Health’s illegal practices and the aggressive collection tactics of its employees. The lawsuit claims that the company obtained detailed patient records and used them to pressure patients into paying. The lawsuit further alleges that Accretive Health employees had access to patients’ private health records and used them to entice them to pay their bills.
Following the investigation, Accretive LLC formed its debt-collection agency. It then acquired the non-legal collections business of a law firm. The company then linked arbitrators, collections agents, and attorneys to avoid the distraction of the lawsuit. The complaint suggested that the company had plans to expand into other lines of business, such as debt collection. The company declined to comment on Cline’s allegations.