UMGC Financial Compliance & Ethical Decision Making Post Question

Question Description

I’m working on a health & medical discussion question and need an explanation and answer to help me learn.

Financial Compliance & Ethical Decision Making

Many of the regulations you have read about this week were developed from prior actions within the medical community that warranted changes to be made to protect patients, individuals, investors, and other stakeholders. The Sarbanes-Oxley (SOX) Act of 2002 was born out of several accounting scandals at the time. One of these accounting scandals was HealthSouth Corp., the nation’s largest provider of outpatient surgery, diagnostic and rehabilitative healthcare services at the time (Sec.gov, 2003). Discuss the importance of fair and accurate financial reporting in the healthcare industry in a few paragraphs and post this discussion to the discussion forum. Be sure to support your statements through research. Once you have completed your post, review the link of at least two of your peers.

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