Quote:
Originally Posted by tophcfa
I am astounded that anyone could possibly believe this was an innocent computer error. I’ve got some swamp land to sell ya that surrounds Alligator Alcatraz if you honestly believe that. .
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The Villages Health over-billed, in excess of $360,000,000, over a 4 year period.
That's $90,000,000 per year.
They currently have assets of between $50,000,000 - $100,000,000.
The yearly over-billing, exceeded their total assets.
This isn't a simple rounding error that went un-noticed.
How do you not notice an extra $90,000,000 per year in revenue? For 4 years?
If it takes a company's management 5 years, to recognize they're receiving $90M a year more than they deserved, would you trust those morons with your health?
As for the "self-reporting" claims?
What seems to have been forgotten, is Central Health and The Villages Health engaged in merger/stock exchange discussions last year. Those discussions were de-railed by the discovery of the over-billing.
It sounds suspiciously like Central Health discovered the over-billing during their Due Diligence and self-reporting became a necessity ... the cat was out of the bag.