Columbia HCA and the Medicare fraud

Executive Summary
ships company
capital of South Carolina/HCA Health 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 plan cost was an ambitious $100 million per fiscal year or more. The advertising campaigns were aggressive and saw no boundaries attacking the competition.
The Competition
Columbia/HCA competed with small or large hospitals, community based not-for-profit hospitals, clinics and health care centers.
Product/Services
They provided highly overpriced health care and serviced anyone, anybody or anything that could result in a profit.
Competitive Advantage
beingness larger than life and charging so much higher in a higher place the competition.
Risk/Opportunity
What risk? We are invincible! The companys motto was, The opportunity to rip you off is now.
The Companys Downfall
Thinking they could steal from the government and the taxpayer but could never be caught.
The Punishment
One- Becoming the largest healthcare fraud case in the United States history and Two- An investigation that settled at a net record 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 Scott was a graduate of two the University of Missouri and Southern Methodist University Law School; Rainwater was a Fort Worth financier, a self-made billionaire.
In September 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 policy of selling ownership stakes to physicians in instal to bind them to the...If you want to get a full essay, erect it on our website: Ordercustompaper.com



If you want to get a full essay, wisit our page: write my paper