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4-Traders Homepage  >  Equities  >  Nyse  >  Accretive Health, Inc.    

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Accretive Health, Inc. : Accretive Health Achieves Industry-Leading HITRUST Certification for Data Security and Protection of Private Patient Health Information

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03/19/2013 | 01:10pm CEST

Accretive Health, Inc. (NYSE: AH) announced today that it has achieved from the Health Information Trust Alliance (HITRUST) Common Security Framework (CSF) Certified status. This status assures that Accretive Health is meeting the health care industry's highest standards in managing risk and protecting health information. Achieving HITRUST CSF Certified status from HITRUST is vital as electronic health record-sharing expands.

"HITRUST has been working with the industry to ensure the appropriate information protection requirements are met when sensitive health information is accessed, used and stored," said Kenneth Vander Wal, Chief Compliance Officer of HITRUST. "We are pleased that Accretive Health has taken the steps necessary to achieve HITRUST CSF Certified status, and we expect its customers to have confidence in this designation."

The HITRUST CSF is the most widely-adopted security framework in the U.S. healthcare industry. Accretive Health obtained CSF Certified status by meeting all of the applicable CSF requirements, which include rigorous encryption and inventory management policies and practices as well as ongoing security monitoring and comprehensive review performed by a third party HITRUST CSF Assessor organization.

Accretive Health Founder and CEO Mary Tolan said, "To meet the triple aim of improving care, lowering costs, and enhancing the patient experience we have to enable health care professionals to make the best medical judgments based on the best information, while also keeping patient privacy paramount. This HITRUST designation indicates the care and diligence our organization takes to achieve health information privacy objectives in our day-to-day work."

About Accretive Health

At Accretive Health, our mission is to help our healthcare clients strengthen their financial stability and deliver better care at a more affordable cost to the communities they serve (increasing healthcare access to all). For more information, visit www.accretivehealth.com.

About HITRUST

The Health Information Trust Alliance (HITRUST) was born out of the belief that information security should be a core pillar of, rather than an obstacle to, the broad adoption of health information systems and exchanges. HITRUST, in collaboration with healthcare, business, technology and information security leaders, has established the Common Security Framework (CSF), a certifiable framework that can be used by any and all organizations that create, access, store, or exchange personal health and financial information. The CSF is an information security framework that harmonizes the requirements of existing standards and regulations, including federal (HIPAA, HITECH), third party (PCI, COBIT), and government (NIST, FTC). www.hitrustalliance.net.

Accretive Health, Inc.
Investor Relations:
Atif Rahim
Telephone: 312.324.5476
email: investorrelations@accretivehealth.com
or
Media:
Peter Cunningham
Telephone: 312.636.8619
email: mediarelations@accretivehealth.com


© Business Wire 2013
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Financials ($)
Sales 2016 206 M
EBIT 2016 -29,4 M
Net income 2016 77,3 M
Debt 2016 26,4 M
Yield 2016 -
P/E ratio 2016 5,35
P/E ratio 2017
EV / Sales 2016 1,33x
EV / Sales 2017 0,78x
Capitalization 247 M
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Number of Analysts 3
Average target price 3,75 $
Spread / Average Target 63%
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Joseph Gerard Flanagan President, Chief Executive Officer & Director
Steve J. Shulman Chairman
Christopher Simon Ricaurte Chief Financial Officer & Treasurer
Patrick L. Funck Chief Information Officer & Senior Vice President
Alex J. Mandl Independent Director
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