No Pain, No Gain ;O): Total

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Sunday, April 29, 2012

Accretive Health Announces Termination of its Quality and Total Cost of Care Services Contract by Fairview Health ...

CHICAGO--(BUSINESS WIRE)--

Accretive Health, Inc. (NYSE: AH - News) said today that it has received notice of termination from Fairview Health Services of its Quality and Total Cost of Care (“QTCC”) services contract. The terms of the transition have yet to be determined. The Company will update its business outlook on its quarterly earnings call on May 9, 2012.

Accretive Health said that it regrets that the recent activities of the Minnesota Attorney General have created a situation where Fairview felt it necessary to cancel its work with the Company in QTCC. The Company intends to work with Fairview to preserve the good results that have been achieved and will continue to invest in this important area.

Accretive Health also said it has received reiterations of support from other clients who recognize the value of Accretive Health’s ability to help hospitals and other healthcare providers enhance their quality of care. This show of support is consistent with the Company’s mission of being a constructive and positive contributor to the American healthcare system.

About Accretive Health

Accretive Health partners with healthcare providers to help them more effectively manage their revenue cycles, strengthen their financial stability, and improve the quality of care they provide while reducing overall healthcare costs. Our people, processes and sophisticated integrated technology complement our clients' existing resources to enhance results for patients, physicians and staff. For more information, please visit www.accretivehealth.com.

Safe Harbor Statement

This document contains forward-looking statements, including statements regarding outstanding issues with the Minnesota Attorney General and the Company’s efforts to facilitate an orderly transition of its QTCC services at Fairview Health Services, which involve risks and uncertainties. Our actual results could differ materially from those anticipated in these forward-looking statements as a result of various factors, including those set forth in our Annual Report on Form 10-K filed with the SEC on February 29, 2012, under the heading "Risk Factors". The words "anticipates," "believes," "estimates," "expects," "intends," "may," "plans," "projects," "would," “will,” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. We have based these forward-looking statements on our current expectations and projections about future events. Although we believe that the expectations underlying any of our forward-looking statements are reasonable, these expectations may prove to be incorrect and all of these statements are subject to risks and uncertainties. Should one or more of these risks and uncertainties materialize, or should underlying assumptions, projections, or expectations prove incorrect, actual results, performance, financial condition, or events may vary materially and adversely from those anticipated, estimated, or expected.

All forward-looking statements included in this report are expressly qualified in their entirety by the foregoing cautionary statements. We wish to caution readers not to place undue reliance on any forward-looking statement that speaks only as of the date made and to recognize that forward-looking statements are predictions of future results, which may not occur as anticipated. Actual results could differ materially from those anticipated in the forward-looking statements and from historical results, due to the uncertainties and factors described above, as well as others that we may consider immaterial or do not anticipate at this time. Although we believe that the expectations reflected in our forward-looking statements are reasonable, we do not know whether our expectations will prove correct. Our expectations reflected in our forward-looking statements can be affected by inaccurate assumptions we might make or by known or unknown uncertainties and factors, including those described above. The risks and uncertainties described above are not exclusive, and further information concerning us and our business, including factors that potentially could materially affect our financial results or condition or relationships with customers and potential customers, may emerge from time to time. We assume no, and we specifically disclaim any, obligation to update, amend, or clarify forward-looking statements to reflect actual results or changes in factors or assumptions affecting such forward-looking statements. We advise you, however, to consult any further disclosures we make on related subjects in our periodic reports that we file with or furnish to the U.S. Securities and Exchange Commission.

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Saturday, January 21, 2012

Evive Health Announces Record-Setting Growth in 2011; Total Number of Covered Lives Nationwide Tops 750,000

Sat, Jan 21, 2012, 11:04 AM EST - U.S. Markets closed

Sorry, I could not read the content fromt this page.

View the original article here

Thursday, January 12, 2012

Total health spending is slowing. Government health spending isn’t.

???initialComments:true! pubdate:01/11/2012 12:49 EST! commentPeriod:14! commentEndDate:1/25/12 12:49 EST! currentDate:1/12/12 10:0 EST! allowComments:true! displayComments:true!Posted by Sarah Kliff at 12:49 PM ET, 01/11/2012

Largely due to the recession, health care spending grew in 2009 and 2010 at its slowest rate in five decades. What has not slowed, however, is government spending on health care: A new analysis from the McKinsey Center for U.S. Health System Reform shows that state and federal spending on health care has grown by 55 percent since 2003, nearly twice as fast as private spending growth. Two changes in health care spending, both also products of the recession, explain this trend.

First, fewer Americans have private health insurance, meaning less spent on monthly premiums. Here’s how the McKinsey report explains it:

Between 2007 and 2009, the number of people with employer-sponsored or private individual insurance fell by nearly 10 million. In 2009, the share of Americans with private insurance slipped to 64.5 percent — the lowest level in 20 years of census records — while the share receiving some form of public insurance hit a record high.

That ties into the second driver: Medicaid rolls have expanded as more Americans lose private coverage, and become eligible for the government health-care program that covers low-income individuals. Medicaid has seen huge enrollment gains and, as this chart from the Center for Medicare and Medicaid Services shows, that’s been especially true since 2008:

The overall health care spending slowdown actually masks two divergent trends — one, private health care spending accounts for an increasingly smaller chunk of the $2.6 trillion that the United States spends on health care, and two, government programs foot a larger part of the tab.

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