News or Noise: Accretive Health's Dive

Recent accounting scandals have left a sour taste in investors' mouths, limiting their willingness to deal with anything that even hints at potential shenanigans. Today, Accretive Health (NASDAQOTH: ACHI  ) shares were slammed after announcing a delay in reporting its quarterly financial results and withdrawing its prior guidance. Was the announcement worthy such a harsh reaction, or is there a good reason behind the delay? Follow along in the video below as Brenton Flynn runs through the news.

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  • Report this Comment On February 28, 2013, at 1:42 PM, caligulacaesar7 wrote:

    I believe that it was right for people to bail on Accretive Health. They may be up to something since their Kalamazoo office is going through questionable moves. Management is looking for any reason to fire people and have repeatedly changed the commission schedule for their collectors so the company does not have to pay the commission. It is very alarming that high positioned managers are resigning and many others are showing signs of great stress. The company is not telling its employees the truth of what is going on and routinely blames It's employees for managements mistakes. Rumor has it that a member of IT resigned because the company wanted him to do something against his ethics. Accretive Health is an evil company and really should be investigated. If I were a shareholder, I would get out now before things get worse.

  • Report this Comment On February 28, 2013, at 1:49 PM, Jaxdoe wrote:

    It should not be too surprising that there are moves afoot in their Kalamazoo office. This is the collections call center. THey are contemplating exiting the collections business due, in large part to the Minnesota fiasco. Collections was a tiny piece of the business but was highly visible ( in a bad way!).

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