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Ex-hospital CEO convicted of Medicaid fraud to fund $6M parachute
A former Thomasville hospital executive was convicted of Medicaid fraud on Wednesday, two years after he cashed out with a $6.3 million retirement package.
A federal jury in Valdosta found Ken Beverly, former CEO of Archbold Medical Center, guilty of conspiracy to falsify records; two counts of falsification of records; two counts of witness tampering; and making misleading statements. Williams Sellers, the hospital’s ex-chief financial officer who testified against Beverly, pleaded guilty in 2009 to falsifying records.
Both men received hefty pensions from the hospital, with Beverly collecting $6.3 million in retirement benefits when he walked out the door in 2008.
The feds charged that Beverly and Sellers fabricated records to make it appear Archbold was a publicly operated hospital, thus qualifying for $9 million in additional Medicaid reimbursements.
Large pensions were “first and foremost on their minds,” prosecutor Jim Crane told the jury hearing the case, according to the Thomasville Times-Enterprise. More details are available there and at Georgia Health News.