Anna James Case Study: HealthSouth Corporation Scandal Week3 Forensic Accounting: Ethics and Legal Environment Professor Erskine Hawkins HealthSouth Corporation is a large‚ public healthcare company that operates 93 inpatient rehabilitation hospital‚ 49 outpatient rehabilitation satellites‚ six long-term acute care hospitals‚ and 25 home health agencies. According to the company websites‚ it is “one of the nation’s largest healthcare providers specializing in rehabilitation”.5 The company
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HealthSouth Accounting Scandal HealthSouth is the one of the largest providers of inpatient rehabilitative healthcare services in the U.S. HealthSouth is fully operational in 26 states across the United States and also in Puerto Rico. HealthSouth serves patients in various settings such as; inpatient rehabilitation hospitals‚ long-term acute care hospitals‚ outpatient rehabilitation satellite clinics and home health agencies. HealthSouth’s hospitals are able to provide an advanced care to patients
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Case Study HealthSouth: The Trials that Temper an Organization1 Table of Contents Abstract ......................................................................................................................................................... 3 Case Overview............................................................................................................................................... 5 Background ..............................................................................
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The Accounting Scandal of HealthSouth HealthSouth Corporation is based in Birmingham‚ Alabama‚ it is the largest provider of rehabilitative health care services. It operates in 26 states in the United States of America and in Puerto Rico. HealthSouth provides rehabilitation hospitals‚ long term heightened care hospitals‚ outpatient rehabilitation satellite clinics and home health agencies. HealthSouth was found by Richard Scrushy in the year 1984 and was called
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Fall 10 [Management 3200 – Business & Society 08 Fall I. Background Information a.) HealthSouth Corp. is the nation’s largest provider of rehabilitation‚ outpatient surgery and diagnostic services. Now however‚ it is the nation’s largest inpatient rehabilitation hospital. * At the company’s height in 2003‚ it recorded nearly $4.5 billion in revenue‚ dominated the rehabilitation‚ surgery and diagnostic services market and employed more than 60‚000 people at 2‚000 facilities
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HealthSouth Fraud Richard Scrushy was the founder of HealthSouth he graduated from Jefferson State Community College and become a registered respiratory therapist after studying at Alabama Birmingham University. He later went to St. Louis and became the regional director of the respiratory therapy department at Lifemark. He eventually moved to Houston and became the COO. In 1984 He left to follow his dream of creating a rehabilitation center in Little Rock. The company changed their name from Amcare
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Case Study: Enron Corporation Accounting Scandal 1. What is Enron Scandal? Formed in 1985 from a merger of Houston Natural Gas and Internorth‚ Enron Corp. was the first nationwide natural gas pipeline network. Over time‚ the firm’s business focus shifted from the regulated transportation of natural gas to unregulated energy trading markets. The guiding principle seems to have been that there was more money to be made in buying and selling financial contracts linked to the value of energy
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Introduction From a business point of view‚ any organization works hard to achieve the highest ranking position among its competitors as well as working on showing loyalty to their customers’ base. However‚ in today’s business world‚ this is not the case as it has always been ever since the organizations started and existed in the world. Becoming competitive and the ability to retain a great base of loyal customers do not just happen with the blink of the eye (Jennings‚ 2009). Any organization needs
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INTRODUCTION HEALTHSOUTH Corporation (HEALTHSOUTH) began its rise in 1984 when Richard Scrushy‚ Aaron Beam‚ and other close associates formed the HEALTHSOUTH Empire with venture capital from New Enterprise Associates of Baltimore. In the beginning‚ Richard Scrushy was the chief executive officer (CFO)‚ Aaron Beam was named the chief financial officer (CFO) and William Owen‚ an accountant from Ernst and Young‚ assumed the position of comptroller. HEALTHSOUTH went public in 1986 and began rapidly
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During the 1990s‚ Richard Scrushy‚ the former CEO of HealthSouth Corporation‚ plotted many acquisitions of rehabilitation clinics‚ nursing homes‚ outpatient surgical care operators‚ and other health care companies. Early 2003‚ the Securities and Exchange Commission (SEC) accused the company and Scrushy of boosting earnings to of $1.4 billion since 1999. In November 2003‚ a federal grand jury indicted Scrushy on 85 counts including conspiracy‚ securities fraud‚ money laundering and charges related
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