Accretive Health, Inc., (NYSE: AH) is proud to announce that its Detroit Shared Services Center (DSSC), in Michigan, recently completed a Statement on Standards for Attestation Engagements (SSAE) No. 16, Reporting on Controls at a Service Organization (SOC1), examination of its patient financial services system. The examination covered the period from Sept. 1, 2012, through May 31, 2013. A copy of the report is available to customers who used the system during the period, upon request.
An SSAE 16 audit ensures consistent and controlled delivery of its services to customers, a regulatory requirement for any public company. Finalized by the auditing standards board of the American Institute of Certified Public Accountants (AICPA) in 2010, SSAE 16 is considered the authoritative guidance for reporting on service organizations.
"This is great news,' said Susan Field, shared services vice president at Chicago-based Accretive Health. "We are proud of our employees' continued commitment to standardized operating rigors."
A SOC1 examination allows an organization to have its controls relevant to their user entities internal controls over financial reporting evaluated and tested by an independent party. This process often results in the identification of opportunities for improvements in many operational areas.
"Our clients also receive a detailed description of our controls and an independent assessment of whether the controls were placed in operation, suitably designed, and operating effectively," Field added. "The examination is well-recognized for its significance by our clients and auditing leadership. Sharing this notable achievement only enhances the strong partnerships already established with our healthcare clients."
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 for all. For more information, visit www.accretivehealth.com.