Columbia HCA and the Medicare fraud

Executive Summary ships company capital of South Carolina/HCA wellness fretting batch Company Founders Richard Scott and Richard rainwater Business The company was a for-profit organization and the largest hospital alliance in the world. Business Start- up bes Scott and Rainwater each put up $125,000 and financed the purchase with $65 million from Citicorp. The Market The companys marketing be after cost was an ambitious $100 million per fiscal social class or more. The advertising campaigns were aggressive and saw no boundaries attack the competition. The Competition capital of South Carolina/HCA competed with small or large hospitals, friendship based not-for-profit hospitals, clinics and health care centers. Product/Services They provided super overpriced health care and serviced anyone, anybody or anything that could result in a profit. Competitive Advantage beingness larger than spiritedness and charging so much high in a higher place the competitio n. Risk/Opportunity What risk? We are unvanquishable! The companys motto was, The opportunity to rip you by is at present. The Companys Downfall Thinking they could err from the government and the taxpayer but could never be caught. The Punishment One- proper the largest healthcare fraud case in the United States storey and Two- An investigation that settled at a net immortalise of $1.7 billion dollars.

Columbia/HCA healthcare Corporation: The Beginning The Healthcare Company started in 1987; Richard Scott teamed up with Richard Rainwater to shit the Columbia Healthcare Corporation. At the time, the 34-year-old S! cott was a graduate of two the University of atomic number 42 and Southern Methodist University Law School; Rainwater was a Fort Worth financier, a self-made billionaire. In phratry 1993, Columbia merged with Galen Health Care, which had earlier been spun off from Humana. It now owned 99 hospitals in the USA and internationally. It expand its constitution of selling ownership stakes to physicians in instal to amaze them to the...If you want to get a full essay, erect it on our website: OrderCustomPaper.com

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