Acadia Healthcare Expands to New Hampshire; $140M Behavioral Health Hub Opened by Mount Sinai

Mount Sinai Health System opens $140M behavioral health center in New York City Mount Sinai Health System announced June 8 the opening of the $140-million behavioral health facility meant to be a one-stop-shop for integrated behavioral health and primary care needs. The system touts the facility as the largest private investment in behavioral health services […]

Acadia Healthcare CEO: Hospitals ‘Increasingly Looking for a Partner’ As Patient Acuity Heightens

Acadia Healthcare Co. Inc. (Nasdaq: ACHC) will continue its steady growth as behavioral health patient acuity increases. On Wednesday, Acadia Healthcare CEO Chris Hunter and outgoing CFO David Duckworth described the company’s expansion plans during an appearance at the 2023 Jefferies Global Healthcare Conference. In short, Franklin, Tennessee-based Acadia, has positioned itself as a key […]

LifeStance Cuts 30% of Payer Contracts, Inks Women’s Health Deal

Behavioral health provider LifeStance (Nasdaq: LFST) is cutting organizational fat and doubling down on its modernization efforts. Specifically, the provider continues to slim down its payer contracts by terminating agreements with 30% of its existing payers while also consolidating its brick-and-mortar facilities. Instead, the company is putting its efforts toward an EHR discovery initiative with […]

How Acadia Healthcare, UHS Are Prepping for Medicaid Redeterminations

The nation’s largest behavioral health providers are bracing for states to resume Medicaid redeterminations. While the true impact is unknown, analysts questioned behavioral health providers Acadia Healthcare Co. (Nasdaq: ACHC) and Universal Health Services (NYSE: UHS) about what the companies expect and will do in the face of potentially millions of Americans losing their health […]

Record-Setting Patient Volume Helps Acadia Healthcare Rocket Out of the Gate in 2023, Sets Pace for Expansion

Acadia Healthcare Co. Inc. (Nasdaq: ACHC) pulled in record-setting patient volumes in the year’s first quarter. The Franklin, Tennessee-based behavioral health company also saw workforce trends and payer rates improve. Combined, these factors helped boost the company’s pre-tax earnings by about 12%. These operating advancements and environmental trends portend well for Acadia Healthcare’s ambition to […]

UHS Sees Payer Rates, Workforce Effort Improve, Leading to Strong Behavioral Health Margins

Universal Health Services Inc. (NYSE: UHS) attributed its year-over-year increase in revenue to improved payer rates and diminishing impacts from the COVID-19 pandemic. Specifically, top executives at the company said Wednesday that patient volumes and improved staffing retention and recruiting attributed to the increased earnings in the first quarter. UHS’ behavioral health division delivered a […]

Inside Sheppard Pratt’s Decades-Long Value-Based Care Journey

Legacy nonprofit behavioral health provider Sheppard Pratt is a veteran of value-based care contracting. The Baltimore-based organization, which offers everything from inpatient services to special education schools, got into value-based care contracting roughly 25 years ago when the state of Maryland approached the provider. The state acknowledged that it struggled to care for a specific […]

‘Everyone’s Trying to Solve This From Different Angles’: Addressing the Worsening Pediatric Behavioral Health Crisis

Rates of pediatric behavioral health conditions have skyrocketed in the wake of the COVID-19 pandemic. As a result, the federal government has poured hundreds of millions of dollars into pediatric mental health services. Last year, the Biden administration pledged nearly $300 million to expand mental health services in schools, for instance. Still, addressing the youth […]