The Centers for Medicare & Medicaid Services (CMS) proposed a new rule Tuesday designed to increase oversight of Medicaid supplemental payments by creating new reporting requirements. While it’s not yet clear what the changes would mean for the behavioral health care industry, Medicaid is one of the largest financing sources in the space. It accounted […]
AAC Holdings Inc. (OTC: AACH), the parent company of American Addiction Centers, continued its attempt to cut costs and mitigate financial troubles in the third quarter of 2019. In Q3, it cut operating expenses by $23 million, or 28%, compared to the same quarter a year prior. However, the company still reported a loss of […]
While opioid addiction dates back several decades, the phenomena only evolved into an epidemic in recent years. Since 2000, opioid overdose deaths have increased by about 200%, according to the American Association of Addiction Psychiatry. And in 2017 alone, nearly 48,000 people died from opioid overdose, according to the Centers for Disease Control and Prevention […]
Thousands of Kaiser Permanente mental health workers will delay their strike after the sudden death of the company’s CEO. CEO Bernard Tyson died Sunday, just one day before 4,000 psychologists, mental health therapists and other employees belonging to the National Union of Healthcare Workers (NUHW) were supposed to go on strike over concerns regarding patient […]
A former corporate retreat complex in Indiana has been turned into an addiction treatment center, according to the News and Tribune. Summit Behavioral Healthcare officially opened the Henryville, Indiana-based facility last month. Named Wooded Glen Recovery Center, it will be the company’s first residential treatment center in the state. Franklin, Tennessee-based Summit BHC operates a […]
The federal government must provide mental health services to thousands of migrant parents and children who were separated at the U.S.-Mexico border, a federal judge in California ruled Tuesday. The move underscores the importance of and the growing federal commitment to providing mental health treatment to those who need it. Per the rule, those services […]
Acadia Healthcare (Nasdaq: ACHC) posted mixed results in the third quarter of 2019, with revenue up slightly and income down year-over-year. Overall, the Franklin, Tennessee-based company fell short of analysts’ estimates. In Q3 2019, revenues rose to $777.3 million compared to $760.9 million for the same period a year earlier. Analysts had predicted revenue of […]
Mental Health America of Roanoke Valley has closed after more than 70 years in business, according to The Roanoke Times. It ceased operations on Oct. 31. The Virginia organization did advocacy for people with mental illnesses, in addition to offering mental health services such as free psychiatric clinic, mental health training for police officers and […]
It’s impossible to know just how much the U.S. loses every year to health care fraud, with estimates ranging from 3% to 10% of the annual health care expenditure. Similarly, it’s unclear just how much of that fraud exists within the behavioral health care sector. However, one thing leaders in the space and legislators at […]
A first-of-its-kind Medicaid demonstration project aimed to improve care for beneficiaries with serious mental illness (SMI) and/or serious emotional disturbance (SED) has been approved in Washington, D.C. The Centers for Medicare & Medicaid Services (CMS) announced the approval of D.C.’s Section 1115 Medicaid waiver Wednesday. It quite literally waives federal rules that typically prevent Medicaid […]
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