Providers of hyperbaric oxygen therapy plead guilty in Medicare fraud case

Posted Tuesday, Jul. 30, 2013  comments  Print Reprints

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Two owners of Texas companies that provide hyperbaric oxygen therapy pleaded guilty Tuesday to federal charges of conspiring to defraud Medicare, the U.S. attorney’s office in Dallas reported.

Stanley Thaw, 71, of Frisco and Michael Kincaid, 56, of Plano, who operated companies in Plano, Denton, Hurst, Houston and San Antonio, admitted defrauding Medicare from January 2008 through June 2011.

Hyperbaric oxygen therapy is an outpatient procedure that helps in healing diabetic sores or amputations, the U.S. attorney’s news release said.

Thaw and Kincaid admitted that they billed Medicare many times for therapy sessions that didn’t occur.

Also Tuesday, Thaw’s wife, Kernell Thaw, 50, pleaded guilty to one count of conspiracy to make false statements to a bank to get a loan to buy properties in Dallas, the news release said.

“Had the financial institution known these false statements and representations were false, it would have rejected their loan,” the news release said.

The three defendants face maximum sentences of five years in prison and $250,000 fines. Sentencing was set for Nov. 13.

Bill Miller, 817-390-7684 Twitter: @Bill_MillerST

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