The HealthSouth Fraud - A Simple Overview

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2 жыл бұрын

This video gives a simple overview of one of the world's biggest accounting frauds.
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Пікірлер: 488

@David.Marquez 2 жыл бұрын

Always a great day when I can learn about a new corporate fraud.

@Yourmomgoestocolledge 2 жыл бұрын

There's a great American Greed about it. Dude tried to be a country music star... like Joe Exotic except this guy actually sang 🤣🤣🤣

@trevors.5998 2 жыл бұрын

Seven Hunnid on KZfaq is underrated

@eksortso 2 жыл бұрын

The hard lessons need learned, too. Bad actors poison the economy. If you're in business, you do have to watch out for them.

@SimonVanliew26 2 жыл бұрын

Nothing new about corporate fraud my boy

@SimonVanliew26 2 жыл бұрын

This guy watching scandal videos to see what not to do… mr. personal finance and investing🤔

@wtccreatives 2 жыл бұрын

I worked for Healthsouth back in the early 2000s and it was the corporate greed of Scrushy that did in the company. Him and his wife had an extravagant lifestyle to include that he wanted to be in a band so he purchased the band Dallas County Line just so he could be their frontman and let's not even get started on his wife's $15,000 per month expenses on beauty. The thing I remember most was him inviting a large group to a lunch at the main headquarters. He got up to speak and announced that everyone in attendance were being laid off and if they needed to blame someone, blame their managers. He even had those managers line up at the exit to give the ex-employees handshakes on their way out. Talk about a trash move...

@hrdkorebp 2 жыл бұрын

Looked like the wives beauty routine worked

@taylorb1356 2 жыл бұрын

Thanks for the context. I recall the Grandview hospital being left incomplete because of the Scrushy related greed. Also all the stores that came out about him and his wife after the fact. There were truly greedy dillholes that ruined a lot of lives. Glad you made it out.

@wtccreatives 2 жыл бұрын

@@taylorb1356 Appreciate it...Luckily for me I came in briefly after all the drama happened and worked a year long project for Healthsouth getting their imaging clinics software updated so they could be sold. Because of Scrushy they ended up having to divest a lot of their business lines to pay back the debt.

@malcorub 2 жыл бұрын

Richard Scrushy should have been court ordered to change the spelling of his last name to Screwshee.

@flynnlivescmd 2 жыл бұрын

Were you one of the ones who got fired?

@oliverbooker9528 2 жыл бұрын

I was a HealthSouth inpatient hospital CEO, started working there in 1996. Two weeks after I started that job, the hospital CFO left. He said to me, “I can’t do this anymore. They’re telling me to do things that aren’t appropriate.” I left a year later.

@jeyzeus 2 жыл бұрын

Good on you.

@TapOutCorner 2 жыл бұрын

You know something is serious when Company Man says it makes him upset. Awesome video as always!

@markcarls1896 2 жыл бұрын

He said it so you would stay interested and not click away.

@johnnyjones9601 2 жыл бұрын

@@markcarls1896 You honestly think that people would stop watching if he didn't?

@togafly. 2 жыл бұрын

Lol

@sliphstream4927 2 жыл бұрын

I worked as a physical therapy tech for years at a HealthSouth rehab hospital in the mid 2000's. The fraud was rampant even on the facility level. On Saturdays, they would assign me patients to see. I would do chart review, exercise them, and walk them. Then the physical therapist would do the note as if they did the session and bill the insurance for skilled care. I thought this was normal practice until I got into PT school and found out that this was illegal. I was treating patients without the proper education or license. It is a true miracle I didn't hurt anyone.

@willgresham680 2 жыл бұрын

I am also a PT. It is crazy to hear about stuff like this especially since they were such a big employer at the time. I was a tech as well before PT school and there is just so much that you need to know to look out for it is a miracle that no one got hurt. I don't know about what you have heard but it seems like at least in my region Encompass has made some improvements from where they were with regards to fraud and quality of care on top of their rebrand.

@sliphstream4927 2 жыл бұрын

@@willgresham680 : The HealthSouth facility I worked at was bought out by a local doctor group and totally overhauled. I did some PRN work there everything is above board now. There are only two Encompass locations in Louisiana as I don't live near either I cannot speak to their quality of care

@TheBizarreSociety 6 ай бұрын

Did you turn yourself in?

@huntercoleman1347 2 жыл бұрын

A family member of mine used to be the president of a hospital in Birmingham. He once said that HealthSouth was the only people he ever had to basically kick out of the hospital, because their pitch for a merger was so strange and stupid. I still remember being a kid and hearing friends of my parents who were involved in the healthcare and law fields saying that there was definitely something very weird going on at HealthSouth. (This was before the scandal became public. It was just obvious that something wasn't right about the business.) As a resident of Birmingham, Alabama (where HealthSouth was), I can tell you that Richard Scrushy was never liked or respected by many people. He was the "if you don't give me what I want then I wont donate to your charity" type of person. A little brat. I know of at least one country club that refused to accept him for membership because he was such an ass.

@deussolinvictus 2 жыл бұрын

He also spread money around churches and bought airtime for a prayer show to buy a jury during his trial. As soon as he walked, he ceased both.

@kingnavypilot 2 жыл бұрын

Hello neighbor. I had literally never heard of Healthsouth before and now I know that they were going after my dad, who is an athletic trainer.

@RoundenBrown 2 жыл бұрын

I guess you can say things went south for HealthSouth.

@birdboy16 2 жыл бұрын

🍅

@arcane6656 2 жыл бұрын

Had they named it HealthNorth, maybe it wouldn't have encountered these things, who knows 😂

@patriciadouglas5766 2 жыл бұрын

😂😂🤣

@randysvids4774 2 жыл бұрын

Get out of here

@bjs301 2 жыл бұрын

It's just inconceivable to me that the Ernst & Young auditors allowed this to happen. I cannot believe it was mere negligence. This wasn't a really sophisticated fraud. It was the kind of stuff we learned about early in our college auditing courses.

@bjs301 2 жыл бұрын

@@Grauenwolf I guess that's a good point. I got my undergraduate degree in Accounting, and I do understand that an audit isn't a guarantee. Two of my brothers are CPA's, now retired, and I do remember what the workload is like.

@thewiirocks 2 жыл бұрын

The key thing I’ve learned from all the stories of accounting frauds is that if I want to commit fraud, hire Earnst & Young as my partner. They’ve got my back.

@jp-fk5ke 2 жыл бұрын

@@Grauenwolf also with the fact a company could basically bribe the auditor staff members by hiring them into the company with better pay and less hours.

@hamsterama 2 жыл бұрын

@@Grauenwolf I've never understood why the Big Three firms are held in high regard. They're just filled with kids right out of college. Because kids are willing to work long hours for low wages to "get ahead." I speak from personal experience, it takes many years to become a good auditor. I wouldn't trust financial statements audited by a bunch of new graduates who spent the past four or five years drinking and partying.

@GeorgiaOverdrive 2 жыл бұрын

Almost every corporate fraud has EY as auditors. They give the same sorry excuses over and over again. Last scandal was Wirecard. Guess who audited them for years?

@TexasBlueAngel85 2 жыл бұрын

I vaguely remember seeing these everywhere around town. If I'm not mistaken, I think my mom or aunt went there after they were in a car accident. I remember how "big" this company was and it had rave reviews and was all the trend. They rapidly declined and within less than year, they were nonexistent. Had no clue what had to happen to them until now!

@Cautionary_Tale_Harris 2 жыл бұрын

My grandmother went there after she broke her hip.

@jp-fk5ke 2 жыл бұрын

There is a documentary on Netflix called Trial by Media and it shows how he became friendly with impoverished churches in the community after he was charged.

@Corey.Coolidge 2 жыл бұрын

Louis Rossman said in a recent video that Rich People would never try to cheat, because it's too much risk and they can afford accountants and lawyers to always keep things above board (a rich person told him this). Yet there are examples like this company man video all the time. I like Rossman's ideas about Right to Repair, but his views on the rich are just naive.

@pennyforyourthots 2 жыл бұрын

Exactly. I think the problem with his position is that it assumes that rich people are satisfied with the amount of wealth that they already have, and as such have no incentive to try and extract more value, which is simply not the case. It's also because companies are accountable to more than just individual rich people, but normally collectives of rich people in the form of shareholders, board members, etc. This means that wealth is split amongst these high-ranking individuals, so they proportionately get last, so they always have the individual incentive to extract more welcome the company. Honestly, it kind of borders on a tragedy of the commons sort of scenario where all the people at the top or acting in their own self-interest without anybody actually focusing on the sustainability of the company, and this in turn eventually kills the profitability for everyone.

@MitchellTF 2 жыл бұрын

The problem with that theory is that he assumes that cheating is always riskier then not cheating...AND he assumes that the accounts and lawyers would keep things above board. At the same time, having accountants and lawyers also makes it easier to cheat WELL. Furthermore, this case of cheating can be explained rationally. 1. Rational people think short term over long term. 2. IF he doesn't cheat, he loses the company, and risks bankruptcy. If he DOES cheat and doesn't get caught, then the company can survive one more day. If he cheats and gets caught...he loses the company and risks bankruptcy. But, there's a chance his lawyers can get him off... 3. In theory, once the company is back in the black, he can move back to honest accounting. (This theory is flawed) 4. If he cheats, he can afford MORE lawyers and accountants to protect him.

@nucleargrizzly1776 2 жыл бұрын

One of my ultra rich clients has internal accountants and an outside accounting firm that work without any interaction for checks and balances. He said that their numbers are frequently far enough off that he'll employ a third firm to go over their numbers. All so he can never be accused of cheating or theft.

@jesdadotcom 2 жыл бұрын

In general, Rossman is right. If you want your enterprise to last and your wealth to grow you dont have to cheat if you can work through the rules in a way that favors you. But some people just straight up cheat and get caught eventually so the consequences from those poor choices are inherent. If you actually want to be wealthy and stay wealthy and youre not in the mob you have to obey the rules, if not in the way intended then at least in a way that complies on a purely technical level. That's what lawyers and accountants are for. Cheating is very, very risky and succumbing to that kind of greed seldom works long term.

@R32R38 2 жыл бұрын

@Jo Jo Not long ago he said that the main reason why the labor force participation rate has declined since Covid began is that mostly young people are realizing that it's stupid to work for The System and are leaving their jobs to do their own thing. Well, heck. According to the federal Department of Labor it's mostly because older workers are taking earlier retirement, with a secondary reason being women who had to leave their jobs when schools and day care centers closed.

@sminthian 2 жыл бұрын

I just took an accounting college class and it was based on the Sarbanes-Oxley Act, and the class didn't mention Healthsouth at all. And none of the websites about it mentioned them either...

@skrounst 2 жыл бұрын

Probably because he wasn't convicted of breaking that law. Even though people like him ARE THE REASON the law was written in the first place lol.

@jp-fk5ke 2 жыл бұрын

@@skrounst that just shows that the criminal enforcement arm of SOX doesnt really have much merit. But idk this might have just been because it was a new law at the time and could have had other success stories with the criminal enforcement

@jp-fk5ke 2 жыл бұрын

Never mind he got away with it because he made himself known to impoverished churches in the area and helped fund them making him liked by the community who would then be a possible jury member.

@chesspiece81 2 жыл бұрын

Health South was a huge deal here in Alabama. He made and stole SO much money and was so incredibly rich. He had one of the biggest houses on Lake Martin one of the most expensive places to have property in central Alabama on a man made Lake.

@kkatlvolvo 2 жыл бұрын

Along with the older brother on the show The Wonder Years they were all in on it. Hypocrites!

@patriciadouglas5766 2 жыл бұрын

Living in Birmingham, I remember when this was top of the newscast every day. Scrushy was well-known in this town. A suburban city here even changed the name of the street that lead to a HealthSouth hospital from a pioneering doctor to Scrushy Parkway. Needless to say, they backtracked rather quickly on that decision. Enjoyed the video.

@taylorb1356 2 жыл бұрын

He fellow Bhammer. Yeah he was a scumbag & it was big news.

@kingnavypilot 2 жыл бұрын

Hey neighbor

@georgie4095 2 жыл бұрын

Birmingham in the UK or USA?

@patriciadouglas5766 2 жыл бұрын

@@georgie4095 In Alabama, where HealthSouth was headquartered and Scumbag Scrushy lived.

@kingnavypilot 2 жыл бұрын

@@georgie4095 US

@jameswhiting5474 2 жыл бұрын

When I was attending the University of South Alabama, one of the members of the accounting team came and spoke. It was very interesting hearing it from a personal perspective. He said he was absolutely shocked when the suggestion came up to cook the books. Once you do that there is no turning around. He ended up doing about 3 months federal and that was it. A Slap on the wrist.

@skrounst 2 жыл бұрын

You steal 40 bucks from a 7-11 you get 2 years... Steal 50,000,000 from stock holders, get 3 months, or NOTHING... Seems about right.

@phabiorules 2 жыл бұрын

@@skrounst The main difference is how the robbery is committed. In the seven eleven exchange, the dude probably didn't take the money when the guy wasn't looking. Odds are, he probably brought a gun in, pointed it at the cashier's head and told him to give him everything in the register. If something goes wrong from cooking the books, then there really isn't much worse things that could happen. If something goes wrong from an armed robbery, people could die. Although three months is very low.

@skrounst 2 жыл бұрын

@@phabiorules Absolutely, fair enough. There is very little chance that someone gets directly physically hurt. But let's say someone had retirement money invested into HealthSouth, thinking it was a solid investment because it's a huge company with solid returns. Then the company crashes and they lost all their money to retire on. That can cause SERIOUS damage to someone mentally, and financial issues is a leading cause of suicide. For the amount of damage this guy has done to people's lives, he pretty much got off scot-free.

@nneomaokafor9465 2 жыл бұрын

@@phabiorules I disagree, like the guy below you said the damage it does to investors financially and mentally is enough to make the crime equivalent. Bringing a gun is not the same as using a gun, most poor people are pushed to the wall and need money to pay their bills then they commit these robberies, some of them would never use the gun

@green2666 2 жыл бұрын

While on my break from work this video pops up. I literally pay invoices for places like lifemark. This hits crazy close to home. Great video again.

@ShainAndrews 2 жыл бұрын

So you are like #3 in line? First two deny, then pay a percentage?

@green2666 2 жыл бұрын

@@ShainAndrews I live in canada. We usually pay full cost of treatment.

@rtm6679 2 жыл бұрын

You should make a video on the rise and fall Friendlys!

@mcook-69don 2 жыл бұрын

Yes that would be a good one

@natethegreat5968 2 жыл бұрын

It’s been years since I last thought of that chain

@tommicheli7979 2 жыл бұрын

That sounds like a great idea! i'd love to see a video on them.

@themiddlecase 2 жыл бұрын

Too soon. There's a Dunkin' Donuts now where my childhood Friendly's was. It's just... not the same.

@rtm6679 2 жыл бұрын

@@themiddlecase I know how you feel man.

@drunkengineer205 2 жыл бұрын

Great video. I was young at the time, but HealthSouth is based in Birmingham where I grew up. It was HUGE news at the time! Two things I still remember were a road near my house that had been named in Scrushy's honor that was changed some time later and a large medical center in Birmingham owned by HealthSouth that was under construction at the time the scandal broke. Construction stopped, and the building sat unoccupied and incomplete for over a decade before someone else purchased and completed it.

@GordoFabulous 2 жыл бұрын

This was going on for years beforehand, and my mom, a physician at one of the clinics, was fired for exposing it.

@sonicgirlfan 2 жыл бұрын

I’ve been watching u since 100k and I thought to myself damn he’s underrated you’ve worked hard and u deserve it!

@Chuckn0rris5555 2 жыл бұрын

Funny you upload this as I deep dive in to the history of TNA Wrestling and this actually played a big part in it's founding since Health South was originally gonna help fund it.

@Redrally 2 жыл бұрын

WHAT???

@pentiumdeusex-machina4645 2 жыл бұрын

Knew I'd heard of this company somewhere! In hindsight, it was never going to get any better. TNA, as long as it kept that name, was always going to be at the mercy of the worst people to run a wrestling company: scam artists, egomaniacs, incompetents, brown-nosers...

@malcorub 2 жыл бұрын

Southerners love wrestling.

@eurobeatintensifies4705 2 жыл бұрын

Wait this place was a Fortune 500 company. There was one near where I live all the way up until 2017 and I thought it was always a one off place. wow ,crazy to learn about the history of a location ,but it make sense why I only ever saw this one building.

@KapnKrowe 2 жыл бұрын

Probably the one near you was one of the last surviving ones

@advkow 2 жыл бұрын

I don't understand. What's the point of having a law if the CEO can just go 'oh well I didn't know' and he doesn't get punishment?

@FunkyDPL 2 жыл бұрын

Back in their heyday, we lived a few miles down US-280 from their Birmingham, Ala HQ. It was an impressive edifice on a hillside. Story goes that Scrushy's wife would make regular helicopter trips to Buckhead in Atlanta just to go shopping.

@Markimark151 2 жыл бұрын

You should do a video on the decline of Rite Aid, it’s shocking how they still haven’t went bankrupt after all the screw ups they’ve done since the past two decades. And they closed all their drugstores in our state!

@marcusgurley9495 2 жыл бұрын

Awesome video. You should check out the scandal at Taylor, Bean and Whitaker mortgage firm. It was pretty salacious too.

@koffinNAILS 2 жыл бұрын

Richard lives in my state alabama. He's did some shady stuff had a black church backing him up while in court but after he was acquitted he never went back to help them like he said he would. And now today he's rich as hell his house is amazing. Just unbelievable

@R32R38 2 жыл бұрын

He must have had some $$$ squirreled away.

@nitehawk86 2 жыл бұрын

@@R32R38 I heard someone say "rich people don't go broke like the rest of us do." They will always have their wealth and other rich assholes back them up.

@koffinNAILS 2 жыл бұрын

@@nitehawk86 if you want a even better video AMERICAN GREED aired a episode on him

@koffinNAILS 2 жыл бұрын

Totally forgot he got hit with Don seaglmen (governor) for bribery

@Gooobed 2 жыл бұрын

YEAH MORE COMPANY MAN!

@TastySnackies 2 жыл бұрын

You mean to tell me a corporate conglomerate isn’t honest? What a surprising development.

@aquasomethingyouknowwhatever 2 жыл бұрын

before i discovered your channel, i knew pretty much nothing about economics or businesses, and didn’t really have any interest in them, but you really make your videos intriguing and they make me feel like i’m really learning something! keep up the great work man it’s awesome

@felojanekins7912 2 жыл бұрын

Hi company man your videos and they are really interesting

@harryhoegen7448 2 жыл бұрын

I do agree with you about that

@RyuZ3 2 жыл бұрын

Despite that I work for this company ( well for the company that bought it out ), I got excited seeing you making a video about this!

@craglabrake6802 2 жыл бұрын

I'm amazed how far they went too, I feel responsibility should have fallen upon Ersnt & Young as well any firm that didn't see this issue. It's astounding what the company got away with.

@Bored_Barbarian 2 жыл бұрын

Honestly it’s really interesting as a business student who studied accounting. Ignorance should be no excuse. There should be verification requirements

@symphonyofpaint 2 жыл бұрын

Amazing to see a company I worked for featured on Company Man!

@JoeKnowsWorst 2 жыл бұрын

Great video as always! Love the fact that they're not too long plus very informative... it's also nice hearing someone talk about corporate fraud without sounding so bitter and unpleasant 😁

@justaweatherontheinternet1705 2 жыл бұрын

you have become a staple of 'stuff i watch when im bored in the bath' the highest honour i can give

@xJC2x 2 жыл бұрын

Healthsouth was also the financial backer for impact wrestling (know as TNA at the time) in 2002 until August of that year until they pulled out due to the accounting scandal investigation

@Zeroshiki 2 жыл бұрын

I actually had to go here when I was randomly paralyzed and had to learn to walk again in 2016. I'm really young, compared to everyone else that was there at least lol, I was given a charity bed there. I'll be forever grateful to the people that helped me there. I never thought I'd hear about a scandal from this place.

@28ebdh3udnav 2 жыл бұрын

We still want that fan requested video please!! 'KZfaq - Why They're Hated"

@beanmarine1173 2 жыл бұрын

Week 2 of respectfully asking for a video on the southern fast food chain “Cook Out”

@TheKipchak 2 жыл бұрын

I think it's really neat that you're covering this story. I'm from Birmingham and used to live in the same neighborhood as Mr. Scrushy. I went to school with his kids and even met him a few times . I remember when this all went down.

@markreyna4209 2 жыл бұрын

Make a video of the success of Heb, they run Texas! They made national news multiple times and everyone loves them here. Heb has a hardcore following.

@Almighty_Mage 2 жыл бұрын

Never heard of heb

@Miklos82 2 жыл бұрын

I worked for RIOSA-Health South for 7 years as a respiratory therapist. When Health South bought out NME a lot of changes happened pretty quickly. One I remember very vividly was a representative from HS came in an told us to refer to our 'patients' as 'customers'. That told me what they thought most about-$$$!

@jacobfishel8913 2 жыл бұрын

This might be nitpicking and I'm not arguing with your analysis but from a legal perspective, I wouldn't call not guilty the same as innocent. Sometimes not guilty means a poor prosecution took place or there wasn't evidence beyond a reasonable doubt, or some technicality nullifies the charge. But that doesn't mean that they did not commit the crime, just that it could not be proven in court.

@sassytart28 2 жыл бұрын

There's a community college in Birmingham that was called the Richard Scrushy building. You can still see the outline of where his name was. Also encompass health is a very fast growing company again in the health sector.

@rossjohnstone4689 2 жыл бұрын

See a new video from company man, immediate compulsion to watch :3 Great video as always.

@jhonwask 2 жыл бұрын

Great video. I think there is fraud in every large corporation; the CEO's are just too greedy.

@likebot. 2 жыл бұрын

"I signed off on the - on the information based on what was provided to me, and what I was told" 9:43. I can't believe that worked to convince the judge that the Sarbanes-Oxley act didn't apply. That's exactly what the act was for! Ignorance is not a legal defense. I think either the judge was bribed, coerced or the two of them belong to The Funny Handshake Club.

@FriendsVsWild 2 жыл бұрын

Whenever he says “I’d like to hear what you have to say.” at the end of videos it reminds me of the same tone my parents or teachers used.

@thehellezell 2 жыл бұрын

I am a Birmingham / central AL resident for most of my life. Hard to explain how huge this was when it all popped off. Scrushy did tons of dirt, but to be fair he only got in so much trouble because he was a booster for the AL Democratic Party. This is standard-level corruption for Alabama unfortunately.

@Just_jessie_3 2 жыл бұрын

I love this channel so much and I don’t know why!!! I majored in music! This content is just so interesting!

@mopedman666 2 жыл бұрын

My mother went to a health south center. They had a pool for therapy. Something we had never seen before or since

@willy9572 2 жыл бұрын

Awesome information thank you very much.

@Zoritos64 2 жыл бұрын

Always a good day when you upload. Thank you for the awesome content!

@TVandManga 2 жыл бұрын

I really enjoy these videos about fraud.

@SantosChronicles 2 жыл бұрын

That’s crazy how shady the CEO was! I didn’t inow about this scandal until I saw it on your channel.

@YorkieChannelYT 2 жыл бұрын

These are my favorite videos of yours!

@JasonTrew2018 2 жыл бұрын

I had an aunt that was there until she passed in 2003 over at the Chattanooga, TN, location

@Sciesdraspsp 2 жыл бұрын

thats crazy you made this video! I have been working for Encompass Health as a Registered Nurse for 5 months now! I always wondered why they changed the name. Thank you :)

@alydanvers 2 жыл бұрын

What a throwback! There was a HealthSouth by a bowling alley on the southwest side of Fort Worth. It is burned into my childhood brain.

@edrew9975 2 жыл бұрын

The scandal series is great! Any chance of making an updated Theranos video, detailing more of Elizabeth Holmes’s trial?

@andrewmaina8422 2 жыл бұрын

Not worth his time. Some scandals are better left untouched.

@DeniseFaraday 2 жыл бұрын

I remember being a patient of HealthSouth back in the day as well as their financial scandal. Thanks for your always entertaining content.

@CannabisTechLife 2 жыл бұрын

I usually watch your videos at 1.5 speed but youtube today loaded it at normal speed. I got confused why the intro sounded so weird hahaha.

@xxBrokenDreams666xx 2 жыл бұрын

Thanks so much. Means a lot

@metaphysicalgraffiti 2 жыл бұрын

I remember when they changed the name of Scrushy Blvd. and the name of the Jefferson State Community College campus. This was such a huge deal here.

@themightycongueror8383 2 жыл бұрын

I was wondering why I had never heard of this company before, it's because when they were found to be committing fraud in 2003, I was 6 years old, 6 year old's don't really care about health companies turns out. It's crazy that they still exist, albeit under a different name after pulling such a huge scandal, it's actually kind of impressive how big companies can survive big scandals, or near bankruptcies like this.

@taylorb1356 2 жыл бұрын

This happened in my backyard. They were building a new hospital close to my house & abandoned it because of the scandal fallout. It sat in state of disrepair for years before Grandview group bought it & decided to finish it up. I knew a lot of people who lost jobs because of this scandal. It was no joke. It also was tied up with some really crappy in-state politics. As others have mentioned what trickled out was the lavish lifestyle him and his wife were accustomed to during this get-rich period. They spent their ill-gotten gains like crazy & screwed a lot of folks in the process. I actually got to meat Dr. Andrews there when I was young. They had an awesome floor with signed pics from all the athletes that had come through there for sports medicine related help. It was surreal. Thank you for covering it.

@jacksonpowell2157 2 жыл бұрын

I met the Westin Smith during an accounting ethics class! He told us he was staying up all night trying to make the financials balance. Started with pressures to make earnings expectations. Adjusting little numbers here and there until it just got too out of hand. Very interesting guy and story from the inside perspective. They s claimed to have several planes when they actually didn’t.

@lamimijae 2 жыл бұрын

Hey C-Man. Great video as always. I have an idea. I propose that you do a series that caters to the frequent traveler, or somebody who may be moving states. Because here in Texas, I guess it's the Texan Pride (I'm pretty sure there's a such thing in New York as well), we have a whole bunch of businesses that hardly, if ever, prefer to grow outside of the State of Texas. H-E-B being one of them (the best grocery store ever), Fiesta grocery stores, Whataburger, Taco Cabana, Pappas Restaurants, etc.

@cletustrainer 2 жыл бұрын

I know it's a little bit different than what you normally do, but you should really cover the Birmingham sewer scandal.

@patriciadouglas5766 2 жыл бұрын

Yes. Full of stinkiness (pun intented).

@golddustwoman4993 7 ай бұрын

Birmingham water works is corrupt!

@UnicornDreamsPastelSkies 2 жыл бұрын

I attended a HealthSouth 'Go For It!' live show in Portland, O R as a middle schooler in the spring of 2002. I knew later in life they went defunct at some point... but wow, did they screw the pooch on this one! 😳 Also, it might be just me, but their logo and name reminds me a lot of BELLSouth(just add a bell symbol to the left of the name), the 'Baby Bell' phone company that served the Southeast U.S. until AT&T bought them out in 2006.

@marklouidor9114 2 жыл бұрын

Well this is interesting. I went on a clinical rotation at one of the rehabilitation facilities that is under the encompass health name. Never knew it had such a history .

@ThomasSD 2 жыл бұрын

EYYYY love a new video to sink my time into thanks

@TitanTubs 2 жыл бұрын

Yes, please branch out your videos. More content the better. 💙

@OriginalBadRobotz 2 жыл бұрын

As a Birmingham resident at the time that empty building was a nice reminder for a long time

@callumjoyce1712 2 жыл бұрын

"(Hospitals): if you get anywhere near them it can get expensive" I've been hospitalised five times and have had two major surgeries. I've never paid a cent for insurance and I've never paid a cent for healthcare. I simply rested until I was well enough to take care of myself. Keep telling yourself you're number one, America.

@TimothyChapman 2 жыл бұрын

That's just the surface of the amount of corruption in the medical industry. Most of which is motivated by profit.

@Alverant 2 жыл бұрын

He knew. He just faked ignorance and blamed everyone else. Someone told me that CEOs deserve their high salaries because of the responsibilities they have. Yet when it comes time to BE responsible, it's suddenly everyone else's fault.

@YouJustAmazeMe 2 жыл бұрын

Wow, no justice :/ learning about these frauds was very interesting at first but now I get depressed learning how little gets done about them

@PieLordCollin 2 жыл бұрын

Another great video 🙏

@turbinatearc7478 11 ай бұрын

During that scandal, they were building what was going to be called “The Digital Hospital”. Then, the shell was abandoned after the scandal, but later on, it was finally put back into good use, and became Grandview Medical Center after being purchased by Community Health Systems.

@taliblond7597 2 жыл бұрын

I remember this company well. This was a huge story in Alabama.

@gameskyjumper1721 2 жыл бұрын

so i guess HealthSouth... went south?

@MrCraigblaze 2 жыл бұрын

Thanks for the Upload 👍!! I stayed There for 2 years in a row !! XD

@devingiles6597 2 жыл бұрын

Hey, Company Man. You should definitely do a video on Walmart. I want to know how did the largest retail store get so big.

@MamaKhan_MarvelAvengers 2 жыл бұрын

Awesome video as always Company Man :)

@redbullninja11 2 жыл бұрын

company boi back at it again

@hellopinkham 2 жыл бұрын

I was in an accident a few years back, I was transferred to healthsouth / encompass health rehabilitation. They were in the middle of the change. I figured it was just a rebranding thing from the hospital. But guess there was a bunch going on

@tfrogginhfroggin 2 жыл бұрын

Wow! Never heard of this

@kadeemthomas6 2 жыл бұрын

I’m from Birmingham, AL this Scandal rocked the city.

@devincreislerstudios 2 жыл бұрын

They went South quickly.

@Fourthirteen82 2 жыл бұрын

Wow. I actually went to this place after having my first car accident when I was 18 (2000). Got physical therapy there. Crazy watching this and remembering all that.