HealthSouth

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  • Healthsouth Scandal Essay

    HealthSouth was what seemed to be an ordinary striving medical business. Some would even say it was the most successful in its field , but unlike other corporations, it had a foul secret. All the grand success that HealthSouth was known for was a lie, a mask to hide what was going on behind the scene, hidden from the public eye. A secret so well hidden, that it went unnoticed for years. A secret so large it broke not only the law but several accounting principles. It was the rise and fall of the largest and most victorious corporation in the Health Care Corporate Field; the HealthSouth scandal. During the years 1996 to 2003 it was proven that the American corporation HealthSouth led by its CEO, Richard Scrushy, inflated and created more than…

    Words: 2186 - Pages: 9
  • Case Analysis Of Healthsouth

    Problem Overview HealthSouth’s former leadership engaged in unethical behavior has placed the company and its stakeholders in a position that has impacted the company’s future viability. The following analysis will provide an understanding of the negative behavior that caused the issues currently faced by HealthSouth and recommendations on the changes necessary to correct the course of the company. Analysis Idealized Influence The leadership by HealthSouth’s founder and former leader, Richard…

    Words: 879 - Pages: 4
  • Healthsouth Case Study

    HealthSouth is a public company who has been registered under Section 12 of the Securities Exchange Act of 1934 (Title 15, United States Code, Section 781) and is required to file periodic financial reports under Section 13(a) of the Securities Exchange Act of 1934 (Title 15, United States Code, Sections 78m(a) and 78o(d)). In preparing its income statement, HealthSouth deducted the contractual adjustment from its gross revenues to get net revenues, which were reported in the periodic financial…

    Words: 870 - Pages: 4
  • Healthsouth Accounting Fraud Case Study

    Company Background HealthSouth Corporation, based in Birmingham, Alabama, is the United States’ largest owner and operator of inpatient rehabilitation hospitals. It is founded by Richard M. Scrushy and incorporated in Delaware on February 22, 1984 as Amcare, Inc. (Saux, 2014) HealthSouth Corporation hired more than 60,000 employees at 2,000 facilities which operating in 33 states across the U.S. along with its facilities in Puerto Rico, Canada, UK and Saudi Arabia. (Saux, 2014) It provides a…

    Words: 664 - Pages: 3
  • Healthsouth's Fraud Case Study

    possibilities of conflict are many, these differences are the primary strength of an organization’s culture. Consequently, corporate culture is defined by the organization’s shared values and enforced by its leaders to sustain organizational performance (Hartman, DesJardins, & MacDonald, 2014). For this reason, it is important to ensure that the organization’s culture is managed properly, especially to procure organizational performance, efficiency, and success. Given the significance of…

    Words: 793 - Pages: 4
  • Sarbanes-Oxley Act Research Paper

    Before the Sarbanes-Oxley Act, in health care frauds, it has been the companies that have paid large settlements and the executives responsible have walked away with their profits. However, with this Act, executives are now personally responsible for any misstatements. The main objective of the Sarbanes-Oxley Act was to “enhance corporate responsibility, enhance financial disclosures, and combat corporate and accounting fraud” (sec.gov/about/laws.shtml). “This Act requires that Chief Executive…

    Words: 1162 - Pages: 5
  • Kindred Health Care Case Analysis

    Kindred covers is over a 100-billion-dollar market. The annual growth rate continues in a positive direction on average of a 3.6 percent growth rate including the multiple segments of healthcare. Overall healthcare does remain fragmented with multiple players in many different states. Huge providers face difficulty in operating standardized practices in multiple states due to differing regulations amongst states. In the 2014, the Kindred merger with Gentiva shined light on the strategic…

    Words: 1058 - Pages: 5
  • Business Ethics: Tyco Scandal

    The purpose of this report is to explore three major corporate scandals with regard to their irresponsible ethical behaviour and the lessons that can be learned from each. The three companies examined in this report include Tyco International Ltd, HealthSouth Corporation and Nimble Pty Ltd. Results of this report show that corporate scandals occur periodically and can have an effect on other companies with the first scandal occurring in 2002 by Tyco and then followed by HealthSouth in 2003 and…

    Words: 938 - Pages: 4
  • What Is Unethical In Business

    In its day HealthSouth was one of America’s largest healthcare service providers. The scandal came to the public’s attention in March of 2003. The SEC made a claim that Healthsouth exaggerated their revenues by 1.4 billion dollars. The only reason this issue was announced was because an FBI agent acquired a tape of Scrushy stating his fraud. In a single day stocks went from $20 to 45 cents. Scrushy was omitted from all thirty six counts of fraud. Within time he was charged for bribery. Scrushy…

    Words: 1249 - Pages: 5
  • Conclusion Of Patagonia

    SCHWARTZ Table of Contents Executive Summary 2 Abstracts 3 Concepts 5 Analysis 6 Conclusion 9 Works Cited 11 Executive Summary The purpose of this paper is to demonstrate my understanding of the previously mentioned fundamental concepts and capability in order to relate them to the actual business world through applications of my critical thinking skills. Key concepts such as ethics, social responsibility, whistle-blowers,…

    Words: 3014 - Pages: 13
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