Mary Tolan, the embattled CEO and co-founder of Accretive Health, has been replaced by Stephen Schuckenbrock, former president of Dell Services, effective Wednesday, as the company looks to restate financials from 2010 to 2012.
Tolan has been elected board chairwoman of the Chicago-based revenue cycle manager, effective Wednesday, the company said in a news release today. Co-founder and current board Chairman J. Michael Cline will continue to serve as a director.
“In nine years Accretive Health has grown from a startup to a $1 billion company in market capitalization,” Mr. Cline said in the release. “As we continue to serve a rapidly changing healthcare marketplace, the new, enhanced management team is a natural evolution as part of our growth. Steve's strengths in technology, driving growth at Dell Services and operational execution will add to an already capable team.”