Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#31
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#32
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If the miscoding resulted with TVH receiving hundreds of millions of dollars not entitled is it a profitable venture when the dust settles ?
For the record I do not see this as an advantage plan vs Medicare / supplement issue. why couldn't a medicare / supplement establishment miscode ? |
#33
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All we have is a conclusory statement from TVH. I know that corporations “always” tell the truth but I would like to hear more details before I make any final decision as to what happened. |
#34
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#35
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#36
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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. Hundreds of millions of dollars were over billed over years, and the $$$ disappeared and isn’t listed as assets in the bankruptcy filling. And then the error was suddenly discovered and self reported, REALLY? Or they knew they were about to get busted and tried to save face and keep from getting thrown in prison by concocting a far fetched story of presumed innocence? If they actual let an innocent computer glitch over bill, and accept 100’s of millions over several years, then they are guilty of gross negligence, incompetence, and lack of any reasonable internal controls. And what happened to all that money, did the computer error miraculously make it disappear? This doesn’t pass even the most lenient of sniff tests.
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#37
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The Villages Health specifically said it was an issue with “certain billing processes and practices”. I didn’t see them use the term “computer error”.
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Last edited by biker1; 07-05-2025 at 12:51 AM. |
#38
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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.
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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 |
#39
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I always thought that TVH didn’t take Medicare - only Advantage plans.
I am on Advantage and as far as I know, TVH sends the bills to UHC - not to Medicare. Does anyone know how Medicare could have been over billed? And if Medicare was over billed, wouldn’t UHC, Blue Cross, etc., also be over billed? And would the over billing impact patients requiring them to have higher co-pays and deductibles? |
#40
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#41
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If you are on a Medicare Advantage Plan, Medicare is still paying for your health care and your Medicare Advantage Plan is managing it for Medicare .... for a %. The actual healthcare provider is essentially a "pass through', but it would seem the insurer must have some liability and/or responsibility for lack of oversight? It's inconceivable that TV Health could have done almost $100M/year in direct medicare billings, for non-Advantage Emergency Care. I don't see how BCBS could be involved, as TV Health doesn't accept supplemental insurance.
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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 Last edited by BrianL99; 07-05-2025 at 05:33 AM. |
#42
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Again, just an educated guess ... with a Supplemental Plan, the consumer/patient is more involved in the process, up and through billing. Depending on the specifics of the supposed "computer error", it's likely that it would have been caught sooner with a Supplemental plan ... the billing is more transparent.
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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 |
#43
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#44
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#45
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TVH filed because of over billing Medicare by hundreds of millions. Since TVH only accepts their advantage plans and not traditional Medicare their Advantage plans did not do well. I expect TV Advantage plans will be replaced by Humana plans and traditional Medicare. Also when a company files for bankruptcy employees become concerned about their future and may leave. Humana has to assure the employees and keep them informed.
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