Oklahoma state government breaks ground on 330-bed, $147M project Construction on the Donahue Behavioral Health Campus in Oklahoma City will begin on March 28. The project brings 330 beds to the city with a price tag of $147 million. The hospital will encompass 275 adult beds and 55 pediatric beds. It replaces Griffin Memorial Hospital […]
Acadia (NASDAQ: ACHC) is prioritizing strategic investment in its technology capabilities and comprehensive treatment centers (CTCs) for opioid use disorder. At the JP Morgan Healthcare Conference, Acadia CEO Christopher Hunter said these priorities would “drive the business forward” over the next year. As the largest pure-play behavioral health provider, Acadia sets the tone for the […]
Parity will likely be the defining regulatory issue of 2024 as the behavioral health industry braces for the impact of the Biden administration’s to-be-finalized rule. Still, there is plenty to sort out with just 44 days left in 2023. This includes other pending regulatory issues that could be addressed before the end of the year. […]
Psych Hub appoints new CEO Psych Hub, a Nashville, Tennessee-based mental health education startup, has appointed Scott Healy as its new CEO. Healy previously helped build Care.com, an online marketplace for child care, senior care and other family care services. Most recently, he was the general manager of health care ventures at Ascend Learning, a […]
Acadia Healthcare Co. Inc. (Nasdaq: ACHC) has plans to grow its partial hospitalization programs (PHP) and intensive outpatient programs (IOPs). Acadia’s preparations to weather the Medicaid redetermination storm have paid off and is now seeking to expand its continuum of care to meet increased needs and drive growth, according to its Q3 earnings call. The […]
Acadia Healthcare Co. Inc. (Nasdaq: ACHC) has agreed to pay $400 million to settle three cases filed against the company and former subsidiary Youth and Family Centered Services of New Mexico, which also operated under the name Desert Hills, according to a public SEC filing. In July, a jury awarded $485 million in compensatory and […]
Demand for behavioral health services has skyrocketed in recent years, driving the need for providers and health systems to expand their geographic footprints. In the process, some are finding great success with joint venture partnerships. JV deals have become a key method to meet the rising need for behavioral health services, and hospital systems are […]
Substance use disorder providers caring for underserved populations could get a new boost in funding. Opioid manufacturers, distributors and other entities involved with the opioid epidemic will pay $56 billion over the next 10 to 20 years for their role in the crisis. That’s broken into several different settlement agreements, the largest being the $26 […]
Several behavioral health-focused public companies raised their earnings and revenue forecasts for 2023. Industry headwinds, including a more favorable workforce environment, the steady demand for services and payer rate increases, have led to several companies, including Talkspace Inc. (Nasdaq: TALK), LifeStance Health Group Inc. (Nasdaq: LFST) and Acadia Healthcare Co. Inc. (Nasdaq: ACHC) raising their […]
Now that behavioral health staffing has stabilized, Universal Health Services (NYSE: UHS) is focusing on its expansion efforts. And in the not-too-distant future, those efforts could include more medication-assisted treatment (MAT) services for addiction care. UHS has offered substance use disorder (SUD) treatment for years. But Steve Filton, the company’s CFO and executive vice president, […]
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