Acadia Healthcare Co. Inc. (Nasdaq: ACHC) is now more likely to shutter underperforming facilities than in the past. The Franklin, Tennessee-based behavioral health operator has closed five facilities in the last month, CEO Chris Hunter said on Acadia Healthcare’s second-quarter earnings call. It closed two in the previous quarter. “If we’re seeing facilities that are […]
The emergency department (ED) can be the “first, and sometimes only” interaction that people with substance use disorders (SUDs) have with the health care system. Integrating SUD care into EDs can connect these patients to crucial long-term care. Still, co-occurring conditions, stigma and polysubstance use are among the main barriers preventing efficient integration. The ED […]
Universal Health Services (NYSE: UHS) plans to sell River Crest Hospital, a San Angelo, Texas-based facility, to Shannon Health System, a healthcare provider based in the same city. The parties did not disclose the terms of the deal. The move expands the nonprofit Shannon Health System’s behavioral health division. Presently, Shannon operates a 22-bed inpatient […]
Behavioral health underpayments are among the highest across hospital services, highlighting the financial drag health systems face when providing these services. Across all payers, inpatient behavioral health services are reimbursed at an average of 34.3% less than the cost to provide them. Behavioral health services effectively tie inpatient nephrology in terms of underpayment. On average, […]
Integrating service lines is a crucial priority for behavioral health provider Acadia Healthcare (Nasdaq: ACHC). Acadia is the largest behavioral health provider in the country and offers inpatient and outpatient mental health care, substance use disorder services, eating disorder care and various other offerings. Acadia CEO Chris Hunter noted that patients in their care often […]
American veterans are estimated to die by suicide at a rate 57% higher than their civilian counterparts. The specific lived experiences of veterans and their families come with peculiar stressors. And while the data on veteran behavioral health is mixed, the elevated prevalence of suicide among veterans is undeniable. Several behavioral health organizations have or […]
US HealthVest completed refinancing with Capital One worth $130 million in debt capital. Announced Friday, the capital will help the New York City-based psychiatric hospital company acquire and establish de novo facilities. It has a portfolio of eight facilities that care for 30,000 patients. Its hospitals are in Illinois, Washington, Indiana and Georgia. Capital One’s […]
The Centers for Medicare and Medicaid Services (CMS) has released its 2025 proposed rule for prospective payments and policies for Medicare-reimbursed inpatient psychiatric facilities. CMS has proposed a 2.7% increase in the payment rate of inpatient psychiatric facilities (IPFs) for 2025. The agency estimates that the total payments to IPFs in 2025 will increase by […]
M&A is a critical strategic priority for Acadia Healthcare’s (Nasdaq: ACHC) CEO Chris Hunter. M&A has always been part of the relatively new CEO’s plan to double the revenue of the Franklin, Tennessee-based behavioral health giant. However, he and other executives previously made it clear that adding new beds via de novo facility expansion, joint […]
SUD provider Ideal Option opens high-capacity addiction clinic Kennewick, Washington-based Ideal Option opened a 4,000-square-foot “flagship” clinic primarily designed to provide buprenorphine-based medication-assisted treatment (MAT). The clinic was partly funded through the American Rescue Plan Act through the City of Great Falls, Montana. “The grant funding from the American Rescue Plan Act allows us to […]
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