The Healthsouth Corporation Inc. - 3190 Words

INTRODUCTION The HealthSouth Corporation was started in 1984 by Richard Scrushy with hopes of becoming one of the largest healthcare companies in the country. It was doing quite well by 1996 with a market value of nearly $12 billion and was one of the United States largest healthcare firms. This all fell apart in 2003 when it was discovered that Scrushy and his employees had committed fraud in the estimated range of almost $2.7 billion (Daigle, Louwers and Morris 887). Scrushy, over the years, had brought on many new faces to the company. Many of these employees were friends of Scrushy from previous business ventures and business meetings. These employees and the others involved in the fraud were given the name ‘family’; highly due to the fact that they all knew what was happening and not one wanted to go to the authorities to confess. It was after the fraud had gone on for nearly six years that the former CFO Weston Smith tipped off federal investigators. Following the actions by Smith, the four other CFO’s who ran the company during the fraud came forward which included: Aaron Beam Jr., Michael Martin, Malcom McVay, and then current CFO William Owens. Along with the CFO’s their staff members who were also in on the fraud also came forward bringing the total number of involved to fifteen. Also the Birmingham Alabama office of Ernst Young came under heavy scrutiny for auditing HealthSouth during the fraud and failing to take action on any evidence they found.Show MoreRelatedHow Corporate Scandals Crush the Company, Investors, and Economy1333 Words   |  5 Pagesthe CEO and the founder of HealthSouth Corporation, was one of the most successful and respected business men in the state of Alabama. This is a story of a fallen American dream. HealthSouth Corporation is the United States’ largest inpatient rehabilitative hospital. HealthSouth provides the services of rehabilitative care to patients recovering from all kinds of conditions. It started in 1984, the company was originally named Amcare Inc. By the end of 1990, HealthSouth expanded to 50 facilitiesRead MoreThe Accounting Scandal of Healthsouth - Essay912 Words   |  4 PagesScandal 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 Amcare, Inc. It openedRead More Healthsouth: The Rise and Fall Essay1911 Words   |  8 Pages Running head: HEALTHSOUTH: THE RISE AND FALL HealthSouth: The Rise And Fall Abstract Richard Scrushy (Scrushy) had a vision and was driven by his leadership and entrepreneurial abilities. Scrushy was the mastermind and major creator of HealthSouth Corporation (HealthSouth). Scrushy served as chairman and Chief Executive Officer (CEO) of the corporation for more than 20 years. A Biographical Sketch: Richard Scrushy and HealthSouth. Retrieved March 22, 2005, from the World WideRead MoreThe Sarbanes Oxley Act Of 20021530 Words   |  7 Pagesinformation for investors (Larry Bumgardner). The law also allows the Securities and Exchange Commission to oversee more corporate governance of company’s financial records. The Securities and Exchange Commission was given the power to freely investigate corporations or accounting firms who were thought to be creating false financial records or hiding expenses and/or debts. The Sarbanes-Oxley Act or (SOX) is there to protect investors from companies that could commit fraud to get more investors. This has addedRead More Richa rd Scrushy and HealthSouth Essay2155 Words   |  9 PagesIntroduction HealthSouth is one of the nation’s largest healthcare providers specializing in rehabilitation. HealthSouth was founded by Richard M. Scrushy in 1984 and went public in 1986. Scrushy served as its Chairman of the Board from 1994 to 2002. The company was incorporated in January 1984 as Amcare Inc. before its name was changed to HealthSouth Rehabilitation Corporation in May 1985. In January of 2003, Mr. Scrushy reassumed the position of CEO. HealthSouth grew rapidly duringRead MoreHealth Care Environments1007 Words   |  5 Pagesorganization is responsible for paying federal, state, and property taxes (Gapenski, 2006). Carter (2013) stated, â€Å"For-profit businesses may raise money by offering investors a percentage of ownership in the company. In the case of a for-profit corporation, investors can provide property, services, and cash in exchange for shares of the company’s stock (pg. 1). According to Lassiter and Arico (2013), the financial management practices used at Health South Rehabilitation Center has been effective becauseRead MoreAn Audit Of An Auditor2930 Words   |  12 PagesMadoff’s company books. Had the investors done so, they would have discovered that the Madoff enterprise was audited by Friehling Horowitz a small accounting firm with only one certified public accountant. Waste Management Fraud Waste Management Inc. is a waste management company located in Houston Texas It provides waste management and other services such as collection, recycling, disposal of waste materials, and converting waste to energy. The company also provides recycling brokerage, and electronicRead MoreTechniques And Fraud Schemes : Off Balance Sheet Techniques1148 Words   |  5 Pagesopportunity set up a large reserve cookie jar scheme to cover for future earnings losses (pp.1213-1214). Weld, Bergevin and Magrath (2004) research on HealthSouth revealed that the company was involved in cookie jar techniques on bad-debt reserve and big bath scheme on bad debt expense (pp.44-45). Ahmad et al. (2013) research on Sunbeam Corporation indicated that the company created inappropriate restructuring reserves to inflate income through cookie jar reserves by fabricating fake profits and creatingRead MoreEthical Problems With the Practice of Patient Dumping in the Healthcare Field1924 Words   |  8 PagesThr oughout this document, I will provide the ethical considerations regarding patient dumping and methods in which to prevent the spread of its practice. In particular, I aim to highlight the practices and potential ethical threats to Health South Inc. To begin with, patient dumping is not an entirely new phenomenon. The practice of patient dumping and refusal to care still, and will continue to be a widespread issue within the healthcare system. Patient dumping, in essence, is simply a large gameRead MoreFun with Dick and Jane Essay1547 Words   |  7 Pagesbar when he is inebriated and out of apparent guilt tells Dick what happened. At this point Frank, Dick and Jane come up with a plan on how to steal the money from Jack. The movie conveys to the audience that since the CEO stole money from his corporation and all the employees, it is okay to steal the money back from him. All of these ethical issues that Dick and Jane encounter through the movie are solved by one act. After their grand plan of stealing the money back fails, Dick confronts Jack

How do cultural differences affect breast cancer...

How do cultural differences affect breast cancer prevalence, prevention, and treatment in African-American, Hispanic/Latina, and Caucasian women living in the United States? Over the past decade breast cancer has become one of the most predominant diseases in the United States. Breast cancer starts out as a malignant tumor in the tissues of the breast which is formed from the uncontrolled growth of abnormal breast cells. Breast cancer is the most common cancer in women, but it can also appear in men. (Stephan, 2010) At this point in time, scientists and doctors have yet to discover the specific causes for breast cancer. However, what is known are the different risk factors that may trigger or put women more at danger of acquiring this†¦show more content†¦Mammograms are breast cancer screenings and are of great importance since they detect if indeed a malignant tumor is present and if so what stage it is in (Stephan, 2010). Cancers can be detected at stages I, II, or IIA (Ha as et al., 2008). Depending on the time of diagnosis and the particular stage at which the cancer is present in the body, treatment options range from a mastectomy, chemotherapy, or surgery (Haas, 2008). A mastectomy is the surgical removal of the breast, it is an approach often taken to halt the spread of cancer cells to other parts of the body. Chemotherapy is an alternative to a treating the cancer. Chemotherapy for breast cancer is a systemic treatment, which affects most of the cells in your body. Most often chemotherapy is classified as the therapeutic use of chemicals to treat or control a particular disease. Potent drugs are used to kill or hinder the uncontrolled growth of cancer cells by interrupting their DNA, protein production, preventing cell division, starving them of their nutrients or blocking hormone receptors (Stephan, 2010). Beyond discussion of this lethal disease come the individuals affected by it. In the United States alone breast cancer is the most common c ancer. It is diagnosed in one out of eight women living in the United States (Stephan, 2010). Victims of breast cancer usually are more widespread amongst minorities in the U.S. African-American women and Hispanic women are most likely to have advanced diseases

The Yalta Conference free essay sample

Poland. This guaranteed free election in Poland. It also gave eastern Poland to the Soviet Union and in return, Poland would receive land from Germany. Germany on the other hand was divided into four zones which were Great Britain, united States, France, and the Soviet union. Germany had to pay all reparations of the war but not to the extent of World War l. One other major decision made in the conference was the creation of the United Nations. This was a new world organization which worked for world peace as did the League of Nations. Along with the Soviet Union,Ballplayers and the Ukraine were admitted Into the united Nations. Since Russia had Influence on there voting, the united States was given 3 votes to be equal with the Soviet Union. After the conference, American public opinion was very high and all of the Allied nations responded favorably. There were also secret agreements that were made but kept secret until the end of the war. .. Wipe out the Nazi Party, Nazi laws, organizations and institutions, remove all Nazi and militarist influences from public office and from the cultural and economic life of the German people; ND take in harmony such other measures in Germany as may be necessary to the future peace and safety of the world. 2. In Yalta Conference realization of the Idea of the new League of Nations has began.And the decision at Teheran, which was held In November, 1943 to organize a United Nations was confirmed, because the Allies needed the interstate organization,which was capable to prevent attempts to change the established borders of spheres of influence. That is why at conferences in Teheran and Yalta the ideology of the United Nations Organization has been formed. It was proposed by Roosevelt, that each permanent member of the Security Council, the regional hegemony, be given a veto.The United Nations became a symbol and the guarantor of the post world war order, authoritative and enough effective organization in the resolution of the interstate problems. We are resolved upon the earliest possible establishment with our Allies of a general international organization to maintain peace and security. We believe that this is essential, both to prevent aggression and to remove the political, economic and social causes of war through the close and continuing collaboration of all peace-loving peoples. 3.The damage caused by Germany to the Allied nations during the war was also taken into the consideration in the Yalta Conference and Germany was obliged to compensate those countries. The Soviets wanted Germany to pay 20 billion dollars, half of which would go to the Soviet Union. But this proposal was rejected by Winston Churchill, whose point was that Germany was forced to pay the reparations at the Treaty of Versailles in 1 919 as compensation to the war-ravaged nations of Belgium and France and to pay the Allies 226 billion Researchers. However, these 3 representatives decided to meet later to issues the sum of compensation.Moreover, reparations would be made by getting rid of German national wealth, the annual delivery goods and use of German labor. 4. In Yalta the Declaration on the Liberated Europe was signed,which specified the principles of winners policy of in the territories won from the opponents. The establishment of order in Europe and the re-building of national economic life must be achieved by processes which will enable the liberated peoples to destroy the last vestiges of Nazism and Fascism and to create democratic institutions of their own choice.This is a principle of the Atlantic Charter the right for all peoples to choose the form of g overnment under which they will live the restoration of sovereign rights and self-government to those peoples who have been forcibly deprived of them by the aggressor nations. The Declaration included, the recovery of the sovereign rights of people on those territories, and also the right of allies to help these people to improve conditions for realization of those rights.In the Declaration it was said: Â «The establishment of order in Europe and the rebuilding of national economic life story the last vestiges of Nazism and fascism and to create democratic institutions of their own choice. Â » The idea about cooperative help did not work. After the 2 ND World War the world became bipolar and two leading countries the U. S. S. R. And the U. S. A. Had different ideologies and tried to posses more sphere of influence.. For some years Europe was divided into socialist group and the Western Europe, where Washington, London and Paris tried to resist the communistic temper.What have lead to arms race and developed the Cold War. 5. Roosevelt asked Stalin for Soviet participation against Japan, because he was afraid that if he asked Britain to do so they would like to take a part of the dismembered Japanese Empire. In the exchange for participation of the Soviet army in the war against Japan Stalin received from the USA and Great Britain some benefits. And the destiny of the Far East had been solved. Firstly, the LESSER received Krill islands and Southern Sailing, what were lost in Russian-Japanese war.The southern part of Sailing as well as all the islands adjacent to it shall be returned to the Soviet Union; The Kuris islands shall be handed over to the Soviet Union. Then, Mongolia got the status of the independent state The status quo in Tatterdemalion (The Mongolia Peoples Republic) shall be preserved;. Besides, port Arthur and Chinese Eastern Railroad have also been promised to the Soviet party. The Chinese-Eastern Railroad and the South-Manchuria Railroad shall be jointly operated by the establishment of a joint Soviet-Chinese Company it being understood that the preeminent interests of the Soviet union shall be safeguarded.It was agreed that all claims of the Soviet Union would be fulfilled after the defeat of Japan. 6. The fate of Poland was the most difficultly solved part during the conference. Stalin wanted to keep a part of Poland, because it was more secure. A lot of invaders came to Russia through Poland and to feel protected Stalin decided to keep it occupied. But in return for that he promised that free and democratic elections would be held. As Stalin said at the conference: For the Russian people, the question of Poland is not only a question of honor but also a question of security.Throughout history, Poland has been the corridor through which the enemy has passed into Russia. Poland is a question of life and death for Russia. Poland lost its Eastern land to the Soviet Union,agreed o the Curran Line, but gained it from Germany. The three Heads of Government consider that the Eastern frontier of Poland should follow the Curran Line with digressions from it in some regions of five to eight kilometers in favor of Poland. They recognize that Poland must receive substantial accessions of territory in the North and West. They feel that the opinion of the new Polish Provisional Government of National Unity should be sought in due course on the extent of these accessions and that the final delimitation of the Western frontier of Poland should thereafter await the Peace Conference. The creation of a Polish Provisional Government of National Unity was accepted by the Big Three and composed of members of both groups:the British and the American. Lubing Poles was supported by the Soviet and the British and American backed London Poles. A new situation has been created in Poland as a result of her complete liberation by the Red Army. This calls for the establishment of a Polish Provisional Government which can be more broadly based than was possible before the recent liberation of the Western part of Poland. The Provisional Government which is now functioning in Poland should therefore e reorganized on a broader democratic basis with the inclusion of democratic leaders from Poland itself and from Poles abro ad. This new Government should then be called the Polish Provisional Government of National unity. In conclusion it is necessary to ask whether the Yalta Conference was a success? How successful was it? And who got out of Yalta as a winner of the negotiations? The Yalta Conference was definitely a success. Each of the big three came there with their plans and intentions and each of them managed to get at least a part of what they wanted. During that when period they ceded what to do with Germany and discussed the creation of the United Nations Organization, which all of them needed.The United States persuaded the Soviet Union to participate in the was against Japan because, Roosevelt was against British involvement into the war because, he knew that Churchill would demand more colonies for that, so it was easier for him to negotiate with Stalin. It is difficult not to notice that the Soviet Union got much more form the conference than Other participants. It was able to get the defense board from Poland in case on another invasion and at the same time it won he sphere of influence and even when the free and democratic elections were promised the communist regime was established.He also was promised to get certain strategic lands back as an exchange of entering the war against Japan but, if fact the Soviets never entered the war 3 moths after the fall of Germany and 2 days after that the Americans dropped the atomic bomb to Japan without informing the U. S. S. R. And due that Stalin rushed the declaration about joining the war against Japan. To sum up, it is obviously, that the Yalta Conference played a big part in establishing the readers of Europe and made a great job in negotiations.