Business

HealthSouth leader steps down

NEWS IN BRIEF — Posted May 9, 2005

Print  |   Email  |   Respond  |   Reprints  |   Like Facebook  |   Share Twitter  |   Tweet Linkedin

Joel C. Gordon, who stepped in as HealthSouth's chair in the wake of a massive accounting scandal at the outpatient services giant, has voluntarily resigned from the board, saying it is time for him to retire.

Praised by his colleagues for providing strong leadership during some of the company's darkest days, Gordon was to step down effective May 10.

HealthSouth has been accused of inflating earnings by $2.6 billion in a scheme to meet Wall Street expectations. At least 18 former executives have faced criminal charges in the investigation, and ousted founder Richard M. Scrushy is on trial for allegedly masterminding the plot.

In recent weeks, a handful of charges against Scrushy have been dropped as prosecution and defense attorneys haggled over details of the case. However, the former CEO still faces nearly 50 counts of charges ranging from fraud to conspiracy.

Note: This item originally appeared at http://www.ama-assn.org/amednews/2005/05/09/bibf0509.htm.

Back to top


ADVERTISEMENT

ADVERTISE HERE


Featured
Read story

Confronting bias against obese patients

Medical educators are starting to raise awareness about how weight-related stigma can impair patient-physician communication and the treatment of obesity. Read story


Read story

Goodbye

American Medical News is ceasing publication after 55 years of serving physicians by keeping them informed of their rapidly changing profession. Read story


Read story

Policing medical practice employees after work

Doctors can try to regulate staff actions outside the office, but they must watch what they try to stamp out and how they do it. Read story


Read story

Diabetes prevention: Set on a course for lifestyle change

The YMCA's evidence-based program is helping prediabetic patients eat right, get active and lose weight. Read story


Read story

Medicaid's muddled preventive care picture

The health system reform law promises no-cost coverage of a lengthy list of screenings and other prevention services, but some beneficiaries still might miss out. Read story


Read story

How to get tax breaks for your medical practice

Federal, state and local governments offer doctors incentives because practices are recognized as economic engines. But physicians must know how and where to find them. Read story


Read story

Advance pay ACOs: A down payment on Medicare's future

Accountable care organizations that pay doctors up-front bring practice improvements, but it's unclear yet if program actuaries will see a return on investment. Read story


Read story

Physician liability: Your team, your legal risk

When health care team members drop the ball, it's often doctors who end up in court. How can physicians improve such care and avoid risks? Read story

  • Stay informed
  • Twitter
  • Facebook
  • RSS
  • LinkedIn