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Ex-hospital CEO convicted of Medicaid fraud to fund $6M parachute

Ex-hospital CEO convicted of Medicaid fraud to fund $6M parachute
December 9, 2010 --

Former Thomasville hospital CEO Ken Beverly was convicted of Medicaid fraud on Wednesday, two years after he cashed out with a $6.3 million retirement package. The feds charged Beverly and the hospital’s ex-CFO fabricated records so Archbold could collect more Medicaid money. In doing so, a federal prosecutor said, large pensions were “first and foremost on their minds.”

Indicted hospital CEO’s golden parachute: $6.3 million

Indicted hospital CEO’s golden parachute: $6.3 million
April 20, 2010 --

Former CEO Ken Beverly, who pleaded not guilty last week to Medicaid fraud, walked away from his Thomasville hospital gig in 2008 with a payout of $6.3 million. Plus expenses. A federal grand jury this month accused Beverly, as chief executive of Archbold Medical Center, of falsifying records to con Medicaid out of more than $9 million for his hospital.