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COPYRIGHT 2001 The Miami Herald
Byline: James McNair
Mar. 24--Three years have passed since Hospital Staffing Services, a health care provider in Fort Lauderdale, suffered a pauper's death in Bankruptcy Court. It was an ugly demise. The feds were pondering Medicare fraud charges, and the CEO quit. Shareholders lost everything.
Now an even more explicit account of the company's failure has been put forth by the court-appointed trustee cleaning up the mess. In the eyes of Kenneth Welt, who was assigned the liquidation case in February 1999, Hospital Staffing was a disaster in almost every respect.
In his autopsy of the company, Welt found poor record-keeping, inadequate computer systems, false billing by subcontractors, overbilling of Medicare claims and a "spending like there's no tomorrow philosophy" prior to the March 18, 1998, bankruptcy filing.
The upshot is a $21 million lawsuit against the company's former officers and directors, including Ronald Cass, its founder,...
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