Addiction Business Hurts Universal Health Services in Q3

Universal Health Services (NYSE: UHS) posted mixed results in the third quarter of 2019, with a large pain point being the hospital management company’s addiction treatment chain, Foundations Recovery Network. Year-over-year, revenue was up 6% in Q3 while net income was down about 43% for UHS. Based in King of Prussia, Pennsylvania, UHS has hundreds […]

Anthem to Cover Telehealth Alcohol Treatment Program from Ria Health

Anthem will offer new coverage of a telehealth program proven to help people reduce or stop drinking. The program is offered by Ria Health, who is partnering with the insurer as a specialty provider, according to a press release announcing the news.  San Francisco-based Ria Health is a telehealth company that specializes in alcohol treatment, […]

Discovery Behavioral Health Acquires New Life Addiction Counseling & Mental Health Services

Los Angeles-based Discovery Behavioral Health has acquired Pasadena, Maryland-based New Life Addiction Counseling & Mental Health Services. Financial terms of the deal were not disclosed.  Discovery Behavioral Health is a national provider of substance abuse, mental health and eating disorder treatment. The 21-year-old company offers residential, partial hospitalization and intensive outpatient services for teenagers and […]

SAMHSA Proposes Changes to Addiction Treatment Privacy Rules

The federal Substance Abuse and Mental Health Services Administration (SAMHSA) has proposed changes to the rules that govern substance use disorder (SUD) treatment records. The goal is to loosen certain restrictions in an effort to better coordinate patient care, especially for those being treated for opioid addiction. Specifically, the proposed rule, which was announced in […]