Talk of The Villages Florida

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-   The Villages, Florida, General Discussion (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/)
-   -   Interesting new twist in The villages Health ongoing bankruptcy case (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/interesting-new-twist-villages-health-ongoing-bankruptcy-case-361140/)

spinner1001 09-08-2025 07:26 AM

Quote:

Originally Posted by Caymus (Post 2459680)
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?

For people with claims against the TVH legal entity for actions BEFORE the initial bankruptcy filing, those people have had an opportunity to file a claim with the bankruptcy court. If those people failed to file a claim, the bankruptcy court will effectively dismiss those actual and potential claims when the bankruptcy plan is confirmed.

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.

kingofbeer 09-08-2025 08:48 AM

Quote:

Originally Posted by CoachKandSportsguy (Post 2459636)
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!

You do not have to be a Villages resident to join Villages Health. This is a misconception.

kingofbeer 09-08-2025 08:50 AM

Quote:

Originally Posted by tophcfa (Post 2459655)
The bankruptcy judge is in a difficult predicament in this particular case. On one hand, she doesn’t want to tank the sale and potentially leave 55k seniors up the creek without health care. On the other hand, they have an obligation to seriously consider the well thought out objections filed by the likes of the U.S. Government, Florida Blue, United Health Care, and other creditors. To further complicate matters, this case could set an important precedent for other high profile Medicare over billing cases in the future. Hopefully, the court can find a way to strike a delicate balance between the interests of the various parties involved, without significant collateral damage to the many innocent parties that could be effected by the resolution of this case. Stay tuned.

I do not know what the bankruptcy judge's responsibility is. My understanding is that he is working on behalf of the creditors not the patients.

Joecooool418 09-08-2025 08:57 AM

Quote:

Originally Posted by Normal (Post 2459516)
Today’s government is all about clawing back funds.

Not anymore. All it takes is the right political contribution, and this all goes away......

BrianL99 09-08-2025 09:04 AM

Quote:

Originally Posted by spinner1001 (Post 2459689)
For people with claims against the TVH legal entity for actions BEFORE the initial bankruptcy filing, those people have had an opportunity to file a claim with the bankruptcy court. If those people failed to file a claim, the bankruptcy court will effectively dismiss those actual and potential claims when the bankruptcy plan is confirmed.

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.

From my experience, a Debtor is obligated to list all their liabilities and obligations, or they're not discharged by the Bankruptcy.

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.

Roger.G 09-08-2025 09:33 AM

News coverage
 
Whatever transpires I am sure it will be covered on the front page of our local newspaper like it should be :jester:

JRcorvette 09-08-2025 09:39 AM

Why not just let the members of Villages Healthcare system (run by United Healthcare) move over into the standard United Healthcare system. when it comes to healthcare ie medicare you want something that will be accepted everywhere in the country and not just the Villages.

New Englander 09-08-2025 09:48 AM

I have been using United Healthcare with TVH for 7yrs. If Centerwell is able to take control of the VH, will United Healthcare still be accepted?

MX rider 09-08-2025 02:36 PM

Quote:

Originally Posted by JRcorvette (Post 2459717)
Why not just let the members of Villages Healthcare system (run by United Healthcare) move over into the standard United Healthcare system. when it comes to healthcare ie medicare you want something that will be accepted everywhere in the country and not just the Villages.

We're on TV Healthcare UHC plan. We can use it anywhere that takes UHC. And we can change our pcp to a doctor outside the TV Health if we choose to. It's still a UHC Advantage plan.

tophcfa 09-08-2025 03:04 PM

Quote:

Originally Posted by kingofbeer (Post 2459700)
I do not know what the bankruptcy judge's responsibility is. My understanding is that he is working on behalf of the creditors not the patients.

My understanding is that the bankruptcy judge (Judge Lori V. Vaughan in TVH case) in a chapter 11 case has to strike a balance between the interests of both the debtor and creditors, but not the business customers (The Villages Health patients in this case). That being said, the court tries to facilitate an outcome that keeps the business viable and ongoing, which would indirectly benefit TVH’s patients. The creditors are divided into various priority classes, with secured creditors being top priority over unsecured creditors. My understanding is that the CMS (Medicare overpayments) creditor claims are considered priority unsecured claims, which fall in between secured claims and unsecured claims.

OrangeBlossomBaby 09-08-2025 06:02 PM

Quote:

Originally Posted by JRcorvette (Post 2459717)
Why not just let the members of Villages Healthcare system (run by United Healthcare) move over into the standard United Healthcare system. when it comes to healthcare ie medicare you want something that will be accepted everywhere in the country and not just the Villages.

The Villages Health is NOT "The Villages Healthcare," and it's not a system. It's a medical group. It's not insurance. It's a bunch of doctors that all work together in the same building, with nurses and PAs and receptionists and appointment-makers and a laboratory and specialists.

This private medical center has chosen not to accept regular Medicare, except for certain specialists within the group. That is their choice, and the doctors who work for them are employees, not contractors.

If those employees want to leave the group and create their own group practice they probably can, unless they've signed contracts saying otherwise.

In addition, if you're not old enough for Medicare yet, and have regular health insurance for people who are 64 years old or younger, then The Villages Health is "in network" for most of those insurance companies.

WingedFoot78 09-08-2025 06:55 PM

As a current customer of Village Health AND Citizens First bank, I am beginning to think that I should consider finding a new bank and health care provider. No one knows how long the lawyers are going drag this out and what the final outcome will be.

spinner1001 09-08-2025 09:20 PM

Quote:

Originally Posted by BrianL99 (Post 2459708)
Generally, the purpose of Creditor filing, is to gain standing to participate in the process.

Exactly. Done by filing a Proof of Claim form with the bankruptcy court. Practically speaking, there may not be any monies left in the bankrupt entity if one is not participating in the process. And I am talking about a plaintiff in an open or potential lawsuit. Those are indeed claims in bankruptcy. 11 U.S. Code § 101.

RoseyRed 09-09-2025 04:27 AM

:a20::a20::a20:
Quote:

Originally Posted by Roger.G (Post 2459713)
Whatever transpires I am sure it will be covered on the front page of our local newspaper like it should be :jester:



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