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Emerson Hospital misstated financials

Investigation finds senior executives created documents

Emerson Hospital chief Christine Schuster (center) said former employees manipulated the hospital's earnings by misusing contractual allowances - the discounts hospitals give insurance companies on the 'official' prices for services and procedures. Emerson Hospital chief Christine Schuster (center) said former employees manipulated the hospital's earnings by misusing contractual allowances - the discounts hospitals give insurance companies on the "official" prices for services and procedures. (Joanne Rathe/Globe Staff/File 2005)
By Jeffrey Krasner
Globe Staff / March 21, 2008

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Two senior executives of Emerson Hospital in Concord created documents that misstated the hospital's financial condition over parts of its last three fiscal years, the hospital found after an investigation and audit that concluded last week. (Full article: 796 words)

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