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
Premium Health care Medicine Health insurance
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
Premium United States Health care Management
don’t always involve extreme cases such as life or death‚ in fact most cases relate more to theft or dishonesty. Many recent cases such as HealthSouth case prove that making the right decision is often seen in our society. Choosing the right decision may not always be a clear decision. Richard Scrushy‚ is an example of this. Scrushy was the CEO of HealthSouth Corporation. He was known to many is home state of Alabama as a hero and philanthropist. However‚ it wasn’t until 2004‚ where many of those
Premium Ethics Morality Philosophy
HealthSouth is an inpatient rehabilitation company that owns and operates over 125 hospitals across the country and in Puerto Rico. I began working for HealthSouth in January of this year and will use my organization for this class. Our company serves patients who are overcoming debilitating illnesses such as stroke‚ head injury‚ multiple trauma‚ and orthopedic conditions to name a few. The focus is to work as a team in an interdisciplinary and collaborative manner in order for the patient to gain
Premium Enron Management Enron scandal
Running head: ETHICS AND ORGANIZATIONS 1 Ethics and Organizations Case Study 1 Vernon Tilly Jr. University of Central Oklahoma ETHICS AND ORGANIZATIONS 2 In reference to the Aaron Beam and the HealthSouth Fraud case in our text Velasquez (2012)‚ the following questions from the text and my answers to these questions are provided as requested. 1. Which of the "obstacles to moral behavior do you see at work in Aaron Beam’s behavior and thinking? In Scrushy’s? The obstacles I see
Premium Morality Ethics
Velasquez Chapter 1 Aaron Beam and the HealthSouth Fraud Questions 3‚ 4 3. In terms of Kohlberg’s views on moral development‚ Aaron Beam would be at Level Two Conventional Stage Three. Interpersonal Concordance Orientation. Aaron Beam knew that his actions were indeed wrong and he could no longer carry on‚ therefore‚ he retired and paid a price for his wrong actions. He now lives off of what he works for. In terms of Kohlberg’s views on moral development‚ Richard Scrushy would be at the Level
Premium Morality Kohlberg's stages of moral development Developmental psychology
Founded in 1984 by Aaron Beam‚ former CFO‚ and Richard Scrushy‚ the company’s former chairman and CEO‚ HealthSouth Inc. was on the rise and went public two years after Scrushy impressed a group of Wall Street investors with a presentation on the company’s potential. By 1990‚ HealthSouth expanded to a $1 billion corporation of hospitals and health care centers offering diagnostic services and rehabilitation therapy. By 1995‚ the company had health centers in all fifty states‚ plus 40‚000 employees
Premium Balance sheet Income Revenue
HealthSouth Corporation Case Study By Robert H. Barr‚ Jr. - © 2012 In 2002‚ HealthSouth Corporation was one of North America’s largest outpatient surgery‚ rehabilitation and diagnostic imaging companies. HealthSouth had over 1800 facilities in all 50 states plus the United Kingdom‚ Australia‚ Puerto Rico‚ Canada and Saudi Arabia. In 2002 HealthSouth had over 50‚000 people on staff in sales revenues in excess of $4 billion per year. HealthSouth worked with more than 85‚000 referring physicians
Premium Balance sheet Asset
Introduction Scandal erupted at HealthSouth in 2003 when Richard M. Scrushy was accused by the Securities Exchange Commission (SEC) of falsely inflating HealthSouth earnings. Mr. Scrushy’s story began in Selma‚ Alabama‚ the middle child of a modest family. He was a high school dropout at the age of seventeen and was married to his first wife with whom he had two children. Richard Scrushy worked diligently to provide for his family. Residing in a trailer park‚ Mr. Scrushy became dissatisfied
Premium Business ethics Corporate governance Board of directors
company called HeathSouth‚ INC. By 2001 HealthSouth had more then 4.3 billion and 100‚000 patients a day. But all good thing come to end‚ when Scrushy found himself in schooled that put his career to end. In the 1990s‚ Scrushy company is grown more and more but because of the economic situation happened in the US‚ The government had to cut the medical care off. Medical care was Scrushy number one source of income. Losing it had a huge affect on HealthSouth‚ which mean Scrushy start to loose
Premium Ethics Fraud Enron