VP 5 Slippery Slope-HealthSouth Questions: 1. Summarized the Video. Aaron Beam discusses with Stanford Graduate students his start of his career as a newly certified CPA. His career started at Life Mart where he meets Richard Scrushy who wastes no time on sizing up Aaron Beam. However‚ Life Mart is acquired a couple years later jeopardizing the employment of Aaron Beam‚ however‚ venture capitalists ask if anyone has a company idea to start up and Richard Scrushy’s name is thrown out. Richard Scrushy
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the fraud‚ the management style of HealthSouth is clearly practice very authoritative which the reason for Richard orders fulfilled dutifully in order to partake in the fraudulent schemes. It’s clearly stated that the company not practicing a strong code of ethics. It has been proved that an effective antifraud environment is a culture with a strong value system founded in integrity. The value system is reflected in a code of ethics. The code of ethics of HealthSouth Corporation should reflect the core
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tools necessary for these measurements. During this paper analysis of costs‚ quality of care and patient satisfaction measurements will also be discussed in detail. Outcome measurement Most facilities have a Quality Management team. At Healthsouth rehabilitation hospital there is a Quality management director whose job consists of monitoring performance by collecting data and preparing statistical reports‚ establishing standards of service for customers‚ identifying relevant quality-related
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opinions with others. Many of you already have commented to these issues‚ but I would like to recap once more for your own organization and study aid. 1. What are several red flags that E&Y either was or should have been aware of in the audit of HealthSouth? E&Y was aware that there was an undue emphasis on analysts’ reaction to quarterly profits. They were also aware of the centralized power exerted by Scrushy. Other red flags included the high turnover in the CFO position‚ and the rapid growth in
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examples of companies who have used inappropriate accounting practices. Enron‚ WorldCom‚ Tyco‚ HealthSouth and Adelphia were selected for analysis because of the availability of information regarding specific events occured before‚ during and after the fraud period as well as the ethical issues involved . There is abundant literature presented on the Enron and WorldCom scandal. Tyco‚ Adelphia‚ and HealthSouth were selected to expand and support the information available in the WorldCom and Enron cases
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After completing three weeks of my clinical rotation at HealthSouth Rehabilitation Hospital of Largo‚ I have found my experience to be not only educational‚ but also quite enlightening. I believe the true essential factors contributing to my experience included my clinical instructor’s guidance‚ as well as the other nurses and staff on my assigned floor. Through each one of my patient interactions and clinical days‚ I found them all helping me to better attain what was taught in the classroom by
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Reporting Practices and Ethics HCS/405 Reporting Practices and Ethics A major aspect of health care organization operation is that of financial management. Financial management of health care organizations incorporates ethical standards and proper reporting practices. Financial practices and ethical finance concerns are important to the success of any organization‚ particularly within the health care industry. The four elements of financial management‚ generally accepted accounting
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Retrieved from http://www.cms.gov/. Gapenski‚ L.C. (2006). Accounting fundamentals for health care management. Jones and Bartlett Publishers Inc. Retrieved from University of Phoenix. HealthSouth. (n.d.). Welcome to HealthSouth. Retrieved from http://www.healthsouth.com/. Lassiter‚ C.‚ & Arico‚ M.A. (April 25‚ 2013). HealthSouth. Retrieved from http://files.shareholder.com/downloads/HLSS/2477846587x0x657188/2a6e723c-0e66-4390-9680-702af4d2f061/View%20Earnings%20Release. Rosenbaum‚ S. (July 9‚ 2012). Update:
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HealthSouth Rehabilitation Hospital of Fort Smith is a 80-bed rehabilitation hospital that provides a higher level of comprehensive rehabilitation services. Health South provides a wide range of physical therapy services‚ a vast network of highly skilled‚ independent private practice physicians‚ therapists and nurses‚ and the most innovative equipment and technology ensuring that all patients have access to the highest quality care. HealthSouth Rehabilitation Hospital of
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Healthsouth CEO Richard Scrushy was charged with money laundering‚ fraud‚ false corporate reporting‚ racketeering‚ obstruction of justice and bribery among other charges. Scrushy was the first CEO who faced charges under the Sarbanes Oxly Act 2002 in the wake of the Enron scandal. After the scandal was uncovered PricewaterhouseCoopers forensic accountants were brought in to bring to light the extent of the fraud. Although emails were deleted by the Healthsouth system every 60 days
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