Universal Health Services Inc.’s (NYSE: UHS) behavioral health segment grew in the second quarter, as patient volumes and lengths of stay improved at its acute behavioral health facilities. However, UHS management deemed the company’s Q2 2023 earnings results for the segment a bit of a slowdown compared to recent performance. Still, UHS is bullish on […]
Traditional nonprofit health systems have seen an enormous uptick in behavioral health patients. In turn, they are struggling to keep up with the demand. At the same time, many behavioral health providers are looking to grow their geographical footprint. As a result, health systems and behavioral health providers are eying more joint venture partnerships than […]
Universal Health Services (NYSE: UHS) has tapped Oracle to expand its electronic health record (EHR) system across its behavioral health network. While the provider has used Oracle’s EHR in its acute care hospitals for a decade, expanding the technology into its behavioral health facilities will give it a unified system across the entire organization. UHS […]
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 […]
John Boyd Jr.’s time as CEO at Rogers Behavioral Health System, one of the largest behavioral health nonprofits in the U.S., has ended after eight months. Boyd no longer holds the role as of May 31, according to the Milwaukee Business Journal. It’s not clear why this happened. Neither Rogers Behavioral Health nor Boyd have […]
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 […]
New bankruptcy data shows an underlying tension in the health care sector as challenging economic conditions come to the fore and the impact of pandemic-era aid fades further into the past. Although the behavioral health sector appears to be less at risk for bankruptcies than the rest of healthcare, the analysis report by the national […]
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 […]
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 […]
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 […]
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