November 22, 2016 - By Clifton Ray · 0 Comments
Accretive Health Inc (OTCMKTS:ACHI) institutional sentiment decreased to 1 in 2016 Q2. Its down -1.00, from 2 in 2016Q1. The ratio dropped, as 2 active investment managers started new or increased stock positions, while 1 sold and reduced their holdings in Accretive Health Inc. The active investment managers in our partner’s database now possess: 9.40 million shares, up from 7.71 million shares in 2016Q1. Also, the number of active investment managers holding Accretive Health Inc in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 0 Reduced: 1 Increased: 2 New Position: 0.
Accretive Health, Inc. is a provider of revenue cycle services to healthcare providers. The company has a market cap of $241.28 million. The Firm offers revenue cycle management service and physician advisory services (PAS). It has a 3.37 P/E ratio. It also offers modular services, allowing clients to engage in specific components of its RCM service offering.
About 50,393 shares traded hands. Accretive Health, Inc. (OTCMKTS:ACHI) has declined 4.68% since April 20, 2016 and is downtrending. It has underperformed by 9.24% the S&P500.
According to Zacks Investment Research, “Accretive Health, Inc., headquartered in Chicago, Illinois, is engaged in providing healthcare revenue cycle management services. The Company’s business purpose is to help U.S. healthcare providers to more efficiently manage their revenue cycle operations, which include patient registration, insurance and benefit verification, medical treatment documentation and coding, bill preparation and collections. Accretive Health’s customers typically are multi-hospital systems, including faith-based or community healthcare systems, academic medical centers and independent ambulatory clinics, and their affiliated physician practice groups.”
Litespeed Management L.L.C. holds 1.73% of its portfolio in Accretive Health, Inc. for 4.48 million shares. Paradigm Capital Management Inc Ny owns 2.04 million shares or 0.5% of their US portfolio. Moreover, Hudson Canyon Investment Counselors Llc has 0.09% invested in the company for 41,123 shares. The Georgia-based Gmt Capital Corp has invested 0.05% in the stock. Regis Management Co Llc, a California-based fund reported 125,338 shares.#img1#
Accretive Health, Inc., incorporated in July 2, 2003, is a well-known provider of revenue cycle services to healthcare providers. The Firm offers revenue cycle management (RCM) service and physician advisory services (PAS). The Firm operates through the business of providing end-to-end management services of revenue cycle activities for the United States hospitals and other medical providers segment. It also offers modular services, allowing clients to engage in specific components of its RCM service offering. The Company’s clients are single or multi-hospital healthcare systems, including faith healthcare systems, community healthcare systems, academic medical centers and their affiliated ambulatory clinics, and physician practice groups. The Company’s population health solutions (PHS) services are designed to enable healthcare providers to manage the health of a defined patient population by identifying various individuals.
More notable recent Accretive Health, Inc. (OTCMKTS:ACHI) news were published by: Forbes.com which released: “Accretive Health, Inc. Bruised After Attorney General’s Report” on April 25, 2012, also Businesswire.com with their article: “Accretive Health Announces Management Changes to Position Company Post …” published on April 21, 2016, Crainsdetroit.com published: “Accretive Health to move into 107000 square feet in Southfield” on February 12, 2015. More interesting news about Accretive Health, Inc. (OTCMKTS:ACHI) were released by: Businesswire.com and their article: “Accretive Health and Ascension Announce Long-Term Strategic Partnership” published on December 08, 2015 as well as Globenewswire.com‘s news article titled: “Accretive Health Appoints Doug Berkson as Senior Vice President, Strategy …” with publication date: July 28, 2016.
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By Clifton Ray