[golfing eagles]

Originally Posted by Nucky

Hello, my Friend. I've checked in several times on this particular thread, started reading through, and got discouraged, so I clicked off. Is there any possibility for old times' sake that you could wrap up the future status of my beloved healthcare, and is it possible that it will stay as it is? Hope you are doing well.

The rumors of my recent demise are incorrect. We sure did have a whole lot of fun on here in the old days. Did you ever collect your LOBSTER?

No, Barefoot has successfully welshed on our bet for almost 9 years now. And despite her home in Canada where cold water lobster abounds, I remain devoid of seafood

I wish I could tell you the future of healthcare in TV, but I don't think anyone knows yet. I only know a few things that others don't, but very little and nothing that would indicate the future prospects for TVH. I do think that TVH will continue in one form or another, I doubt it will just close its doors on 50,000 patients. Right now it appears, but only from what others have posted on social media, that they need some emergency funding to continue in the short term.
Most likely they will get it. I also think this will be in court and negotiations for a while. My bigger fear is that the older docs will simply retire and the younger ones head to greener pastures before this all settles out. But don't be discouraged---I don't think there has ever been a situation where a community of 150,000 suddenly loses most of its healthcare at the hands of an overzealous bureaucracy. The term "bailout" comes to mind.

[Rainger99]

This is a document from the bankruptcy filing. It appears to be getting nasty.

Check out paragraph 1 which states that the debtor (TVH) erroneously sought and received about $350 million “chiefly from UHC.”

Who paid out the money for the errors? UHC, Medicare, or someone else?

https://cases.stretto.com/public/x45...0000000001.pdf

[margaretmattson]

This is a bankruptcy filing. It includes more than the issue of incorrect coding and the financial disaster it caused. In order to prove bankruptcy, you must have more debt than assets. The Morse Family owns the business, the building, the equipment, and the bank that gave TVH their line of credit. From my understanding, they are charging THEIR BUSINESS high rent for the use of the building, gets paid a hefty amount by leasing the equipment, and has made TVH repay the credit given to them including interest. Remember, the line of credit was given to TVH by a bank the Morse Family owns. It seems court documents filed are questioning the bankruptcy. Does this business truly have more debt than assets? Should the Morse family be required to liquidate assets associated with this business to pay some of the debt? This is what the court will decide.

[tophcfa]

Originally Posted by Rainger99

This is a document from the bankruptcy filing. It appears to be getting nasty.

Check out paragraph 1 which states that the debtor (TVH) erroneously sought and received about $350 million “chiefly from UHC.”

Who paid out the money for the errors? UHC, Medicare, or someone else?

https://cases.stretto.com/public/x45...0000000001.pdf

Yikes, just read the above posted bankruptcy court filing. Looks like two very powerful parties got into bed together and things ultimately turned out very nasty between them. It appears that in this case, the dirty laundry is not going to get swept under the bed since neither of the parties will back down because of the fear of a long and expensive legal battle. This could get very messy and not be a good thing. And if the message being portrayed in this filing is accurate, it goes a long way toward answering the ongoing question of where did the money go. Sincerely hoping this doesn’t turn into a real life tale of success turning into power and greed that ultimately leads to corruption?

[BrianL99]

Originally Posted by margaretmattson

This is a bankruptcy filing..... It seems court documents filed are questioning the bankruptcy. Does this business truly have more debt than assets? Should the Morse family be required to liquidate assets associated with this business to pay some of the debt? This is what the court will decide.

Please, identify just one sentence in the entire filing, that suggests that TVH is not bankrupt?

[BrianL99]

Originally Posted by Rainger99

This is a document from the bankruptcy filing. It appears to be getting nasty.

Check out paragraph 1 which states that the debtor (TVH) erroneously sought and received about $350 million “chiefly from UHC.”

Who paid out the money for the errors? UHC, Medicare, or someone else?

https://cases.stretto.com/public/x45...0000000001.pdf

The Motion in Opposition, accuses TVH of disbursing cash to the Morse family, to hide it from the Bankruptcy Court and creditors. This seems to be a new accusation.

The Motion also identifies a purported strategy to limit the Morse Family & TVH's liability for the Medicare overpayments.

I thought Paragraph 27 & 28 sort of summed everything up.

[Rainger99]

Interesting filing.

The monthly operating report for TVH for July.


https://cases.stretto.com/public/x45...0000000078.pdf

[Rainger99]

Now Florida Blue (FB) is objecting to portions of the bankruptcy.

One of the more interesting comments from Florida Blue is the following:

This “problem” turned out to be a four years’ long scheme to add diagnostic codes to patient files that resulted in overpayments by Florida Blue to the Debtor of approximately $25 million.

I am not a lawyer but it seems that TVH wants to pay FB $0 and FB thins they are entitled to $25 million.

The entire document is only 8 pages long.

https://cases.stretto.com/public/x45...0000000132.pdf

[golfing eagles]

Originally Posted by Rainger99

Now Florida Blue (FB) is objecting to portions of the bankruptcy.

One of the more interesting comments from Florida Blue is the following:

This “problem” turned out to be a four years’ long scheme to add diagnostic codes to patient files that resulted in overpayments by Florida Blue to the Debtor of approximately $25 million.

I am not a lawyer but it seems that TVH wants to pay FB $0 and FB thins they are entitled to $25 million.

The entire document is only 8 pages long.

https://cases.stretto.com/public/x45...0000000132.pdf

I think that should read "The ACCUSATION...."