A new report demonstrates the need and opportunity for more significant investment in the rural mental health workforce. As behavioral health organizations and investors look for different ways to grow, rural communities present opportunities to address higher-than-average unmet needs for mental health services and capitalize on challenging workforce trends. “If there is an equal amount […]
Hospital executives cite the lack of appropriate facilities and a shortage of funding as the top behavioral health and substance use disorder (SUD) issues their organizations face. That’s according to a new report from the American College of Healthcare Executives (ACHE), which included responses from 281 hospital CEOs across the country. The ACHE is a […]
Monte Nido, Discovery Behavioral Health announced eating disorder treatment facilities Miami-based Monte Nido & Affiliates and Irvine, California-based Discovery Behavioral Health announced it is opening new facilities to treat eating disorders. Monte Nido, which specializes in eating disorder treatment and is among the largest in that space, announced in November two new facilities — a […]
Acadia Healthcare Co. Inc. (Nasdaq: ACHC) will prioritize joint ventures in its quest to double revenue. The Tennessee-based behavioral health giant also plans to build de novo facilities and add beds to existing facilities, CEO Chris Hunter and CFO David Duckworth said at JP Morgan’s Health Care conference yesterday. Acadia Healthcare previously laid out its […]
Acadia Healthcare (Nasdaq: ACHC) plans to double its annual revenue by the end of 2028. The Franklin, Tennessee-based behavioral health company projects $2.6 billion total revenue by the end of this year. Acadia Healthcare projects its annual revenue in five years will be between $4.5 billion and $5 billion, according to materials and comments from […]
Innovation has its greatest impact when it’s applied at scale. And the intersection of innovation and scale is where Acadia Healthcare’s (Nasdaq: ACHC) new division president, Nasser Khan, wants to be. Driven by curiosity, the Rhode Islander wanted answers to questions about the health care industry that he couldn’t find in his previous life as […]
Aggressive negotiating tactics have given Universal Health Services Inc (NYSE: UHS) high commercial reimbursement rate increases. Steve Filton, UHS’ CFO, said as much on Thursday during a Credit Suisse conference. Leaders of the national acute and behavioral health care provider have talked about using capacity limitations and inflation as negotiating leverage for months. This tough […]
Magellan Healthcare, the behavioral and specialty health care segment of managed care organization Magellan Health, has rolled out a new program aimed at helping seniors address social determinants of health. In order to provide these services, Magellan Healthcare has teamed up with digital senior assistant and support tool DOUS. New York-based DUOS was founded in […]
Universal Health Services Inc. (NYSE: UHS) continues to forecast staffing challenges going forward after years of difficulties driven by the coronavirus pandemic. Elevated premium temp staffing rates relative to pre-COVID rates are likely a new permanent reality for the company, UHS leaders said during the company’s third-quarter earnings call. The company also expects specific facilities […]
Historically, mental health care and substance use disorder (SUD) treatment were siloed. But as new research emerges about the importance of integrated care, providers are putting fresh emphasis on treating patients holistically. Allina Health, for instance, is looking to break down the barriers between mental health and SUD care with its new Center for Integrated […]
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