The Business Model of Overstating Benefits: How Harmful or Ethical?

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It is estimated that between 50,000 to 100,000 patients died or had a heart attack as a result of taking the drug Advandia. For seven years, GlaxoSmithKline (GSK) failed to report data that indicated Advandia increases the risk of heart attack by 40%. As we reported back in July, in the biggest health care fraud… Read more »

Coming to a store near you: What are the cost and benefits of good health?

Posted by & filed under Accounting Principles, Cost Accounting, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Intermediate Accounting, Managerial Accounting.

Hy-Vee is the only grocery chain in the country that posts a registered dietitian in almost every one of its 235 stores. In rural areas, some of its more than 190 dietitians serve a cluster of stores. By doing this it capitalizes on growing consumer awareness of the role food plays in health and wellness… Read more »

Interesting Educational Strategy

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At U.S. colleges, like NYU and Northeastern, some freshmen are beginning their studies abroad during their first and even second semesters. According to Bloomberg, the strategy is one used by universities to enroll larger classes and get more tuition dollars. How? The universities use the students and their tuitions to fill the beds of midyear… Read more »

Hard Rock Expansion Plans

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The franchise, Hard Rock Café, is known for its rock’n’roll memorabilia. Located around the globe, the franchise is expanding its reach into hotels and casinos. Questions: 1. When did the franchise begin? 2. Strategically, why is the move into casinos a good, but difficult one? 3. The franchise rotates more than 70,000 pieces of music… Read more »

Spreading money on your skin

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What are the most often prescribed drugs written for by dermatologists? They include generic creams and ointments that are used to treat skin rashes, scabies, and athlete’s foot. So aren’t generics suppose to be inexpensive. Unfortunately, not any more’; significant price increases in these generics are stumping doctors and patients. In a world of prescription… Read more »

Angie’s list

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By now you have probably heard of Angie’s List. Angie Hicks started the company in 1995 after a friend moved and had trouble finding reliable contractors. Originally started in Columbus, Ohio, the company has expanded to other national markets. There is a subscription fee to belong to this list that includes personal recommendations. Questions: 1…. Read more »

Labor Department Violations

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On Tuesday, the Labor Department announced that it had levied a $34,000 fine on C. J.’s Seafood for safety violations. This is the company that supplies crawfish to WalMart. In addition, the agency also ordered C. J.’s to pay $214,000 for wage and hour violations. Questions: 1. Where is the company based? 2. Specifically, how… Read more »

Super Hero Strength

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The Associated Press reports that three of the five hospitals treating victims from the mass shooting will waive or limit medical costs. Children’s Hospital Colorado will use donations and a charity fund to cover the expenses of uninsured victims, and waive co-pays for the insured. Questions: 1. According to the article, about how much has… Read more »

The Weather Channel Buys Weather Underground

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This week, Weather Underground, a unique website with a cult following was acquired by The Weather Channel for an undisclosed sum of money. As a strong competitor to The Weather Channel, the website has a devoted readership, with approximately 10 million unique visitors per month. Fans of Weather Underground have expressed outrage and disappointment in… Read more »

Medical Tourism

Posted by & filed under Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Fraud Accounting, IFRS, Intermediate Accounting, International Accounting, Managerial Accounting, Video Updates.

Tourism is sometimes more than just for pleasure. In fact, thousands of U.S. citizens are crossing the border to Mexico or as the video shows, they are going to even more exotic places in search of more affordable medical care. Questions: 1. What types of procedures are people going to Mexicali to receive? 2. According… Read more »