Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#31
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Uncertainty of getting paid may convince doctors / physicians leaving, and not getting replaced because of the penalty overhang.
New healthcare company may start taking medicare and get overwhelmed with local nonTV patients, crowding out villagers, reducing physician availability. The CMS penalties may not get discharged through bankruptcy, and TVH just goes belly up financially. . without a buyer, thereby eliminating physician coverage. Not sure of the probabilities of any of these potential outcomes, but the threat to TV patients, is that there will be not enough / adequate medical services for the entire population of retired / aging population. . monopsony is never a good idea, as it raises the risk to the entire community if and when the monopsonistic employer leaves or go bankrupt without a replacement or increased competition. . good luck to us in TV! |
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#32
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Generally, Bankruptcy sales are "asset sales", not the sale of a corporation. I'm far from an expert on Bankruptcy, but every business we've bought out of bankruptcy, were asset sales. In this case, the anticipated "sale" came before the Bankruptcy, which may have influenced the Bankruptcy court, to continue down that road as a corporate sale ...which generally includes assets & liabilities. It seems if the proposed sale were to transform into an asset sale, a lot of the issues go away. The liabilities don't attach to the sale and the proceeds are held by the Bankruptcy Judge, to be used as he determines. As TV Health apparently has limited assets (essentially, only its patient base), it seems this would be a logical way to go.
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"God made me and gave me the right to remain silent, but not the ability." Sen John Kennedy (R-La) " ... and that Norm, is why some folks always feel smarter, when they sign onto TOTV after a few beers" adapted from Cliff Claven, 1/18/90 |
#33
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#35
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Purchase assets, not stock.
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Identifying as Mr. Helpful |
#36
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We won't know until the dust finally settles. But I do have a concern for patient access
It's hard enough to attract physicians to work here. The only draw for younger physicians is the excellent Charter schools, or perhaps a parent that lives here. The rest are somewhat older doctors near the end of their career. And this whole issue looks like it is shaping up to be a war of picayune documentation criteria. The documentation requirements are ridiculous to start with, overly complicated and somewhat vague. If CMS starts looking for crossed T's and dotted I's, it will drive the older docs into retirement---nobody wants to put up with that crap. The younger physicians might gravitate towards non-participation in the Medicare program completely, opting for concierge medicine instead. This will result in less physician services for a growing, elderly population. There are already many practices not accepting new patients and long waits to get appointments. Then, of course, it's the better physicians that fill up fast, leaving the "B" players as the only option. And btw, uninformed social media attacks just fuel the problem. Nobody shouting "fraud" or "crooks" is helping the problem. Let's see what happens tomorrow, but that probably won't be the end of this. Remember, CMS is not interested in your health---it's a bureaucracy run by bureaucrats, all with the ambition of making a name for themselves so they can become a bigger fish in the bureaucratic pond. |
#37
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There are probably multiple non bankruptcy "normal" lawsuits {ie malpractice, slips/falls etc) against Village Health. Who "owns' them? Can the bankruptcy judge dismiss those and any pending suits?
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#39
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Are they??? “Unloading what they can”??? Thank you for providing the “facts” learned from sitting in on the Morse family strategy meetings. Looking forward to the next tidbit 😂😂😂
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#40
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No, a Bankruptcy judge cannot simply dismiss pending lawsuits, he can however, manage the Bankruptcy to address pending actions.
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"God made me and gave me the right to remain silent, but not the ability." Sen John Kennedy (R-La) " ... and that Norm, is why some folks always feel smarter, when they sign onto TOTV after a few beers" adapted from Cliff Claven, 1/18/90 |
#41
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A plaintiff’s lawyer for a pending lawsuit against the bankrupt TVH entity needs to file a claim with the bankruptcy court in a timely manner. If not, his/her bad. Once the bankruptcy judge confirms the bankruptcy plan and ends the bankruptcy case, (practically speaking) whatever is not in the plan for actions BEFORE the bankruptcy filling are out of luck. In short, fail to file a claim with the bankruptcy court in a timely manner for an action BEFORE the bankruptcy filing, you’re bad. You missed your opportunity. And there are exceptions which is why lawyers get paid. For existing lawsuits, there may be no assets left in the pre-bankruptcy entity to collect $$ from a successful judgment. Insured losses are a completely different story. |
#42
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#43
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#45
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Generally, the purpose of Creditor filing, is to gain standing to participate in the process. You do not have to do anything or file anything, to be Creditor in a Bankruptcy. If they rules have changed in the last couple of years, I'd love to see some legitimate evidence of that.
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"God made me and gave me the right to remain silent, but not the ability." Sen John Kennedy (R-La) " ... and that Norm, is why some folks always feel smarter, when they sign onto TOTV after a few beers" adapted from Cliff Claven, 1/18/90 |
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