Bad news at Acadia Healthcare (Nasdaq: ACHC) has translated into a real financial impact. The behavioral health behemoth experienced lower patient volume growth than expected in October, which company leadership attributed to bad press in its Q3 earnings call. Acadia expects the negative impact to be temporary, according to Heather Dixon, Acadia’s chief financial officer. […]
Acadia Healthcare
Lack of transportation is one of the most common barriers to care for people with opioid use disorder (OUD). Some providers are surmounting this problem by bringing care directly to patients. Mobile vans are used by both nonprofit and for-profit substance use disorder (SUD) providers to target people who struggle to access treatment through traditional […]
Acadia Healthcare (Nasdaq: ACHC) is executing its M&A strategy as it seeks to grow its geographic footprint. The largest behavioral health provider in the U.S. announced Tuesday that it acquired three opioid treatment programs (OTPs) in South Carolina, representing the company’s debut in the state’s opioid treatment landscape. “South Carolina is an underserved market with […]
Behavioral health care giant Acadia Healthcare (Nasdaq: ACHC) will pay $19.85 million to the U.S. and several states’ governments to resolve allegations that it knowingly billed for medically unnecessary behavioral health services and endangered patients. The U.S. Department of Justice (DOJ) alleged that Acadia falsely billed Medicare, Medicaid and TRICARE for inpatient behavioral health services […]
Certain sectors of behavioral health care are still “growing up.” For example, some industry insiders have said the autism therapy industry is in its toddler phase. The SUD industry, meanwhile, is working to shed some of the associations of its youth and enter a more adult era of addiction treatment. Some providers are modernizing their […]
Acadia Healthcare Co. Inc. (Nasdaq: ACHC) faces another round of scrutiny regarding its oversight of its facilities. On Sunday, The New York Times published a report that highlighted several questionable and potentially dangerous practices at some of Acadia’s psychiatric hospitals, with NYT citing interviews with dozens of current and former Acadia Healthcare employees and patients. […]
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 […]
Understanding that substance use disorders (SUDs) are diseases of the brain, rather than moral failings, is critical to getting more people in treatment. That’s according to Caron Treatment CEO John Driscoll, who noted education about the conditions helps families heal and provides a business opportunity for providers to grow. People with SUDs often do not […]
The behavioral health industry’s use of technology has lagged behind other segments of the health care sector. Two of the industry’s biggest providers want to change that track record. LifeStance Health Group Inc. (Nasdaq: LFST) and Acadia Healthcare (Nasdaq: ACHC) are taking different approaches to developing their digital strategies. However, both are exploring AI and […]
Industry insiders have pushed back on the U.S. Senate Finance Committee’s highly charged report on the at-risk youth industry, claiming it failed to address the key drivers of abuse in the industry and chart a clear path forward after creating a public spectacle. Despite the lack of a clear path forward, the report and comments […]
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