The merit of an integrated addiction treatment model is grounded in three key elements: the value to the patient, the value to the provider and the value to the payer. “If we could find value-added items that meet those three aims, then that’s a no-brainer,” Nick Stavros, CEO of the Scottsdale, Arizona-based outpatient medication-assisted treatment […]
The coronavirus pandemic and massive influx of capital into the industry over the past five years have put the behavioral health industry centerstage in the proverbial play that is American health care. But the spotlight eventually attracts the microscope. The industry has and will continue to face greater scrutiny, examination, criticism and challenges than ever […]
Medicaid redeterminations have begun to impact Universal Health Service’s (NYSE: UHS) behavioral health arm. Overall, behavioral health patient days were slightly lower in Q2 than expected, at a 1.4% increase compared to the second quarter of 2023. UHS CFO Steve Filton attributed the slow growth to staffing pressures, Medicaid redeterminations and some facility-specific issues. Filton […]
After years of facing criticism for wrongdoing and mistreatment of patients, the at-risk youth industry was blasted in a report released on Wednesday by the U.S. Senate Finance Committee. The report and communications from the committee chairman, Sen. Ron Wyden (D-Ore.), conclude that systemic harm and abuse are “routine” parts of the at-risk youth industry. […]
Universal Health Services (NYSE: UHS) plans to sell River Crest Hospital, a San Angelo, Texas-based facility, to Shannon Health System, a healthcare provider based in the same city. The parties did not disclose the terms of the deal. The move expands the nonprofit Shannon Health System’s behavioral health division. Presently, Shannon operates a 22-bed inpatient […]
All was relatively quiet on the behavioral health front for publicly traded companies in Q1, reflecting the typically sleepy nature of the first quarter for those seeking to wrap up old initiatives and start new ones. Don’t get me wrong: It’s not like nothing happened or there isn’t anything worth pondering. Quite the opposite, in […]
Universal Health Services (NYSE: UHS) leadership said it’s too early to tell if its $535 million legal case will impact the company’s strategy in the future. During the company’s Q1 earnings call, leadership answered a number of questions about the litigation’s potential impact on the company. UHS subsidiary Pavilion Behavioral Health System has denied any […]
2023 has been a tumultuous year for the behavioral health space. Macroeconomic headwinds, including rising interest rates plus unrest in Eastern Europe and the Middle East, has slowed dealmaking. Additionally, many providers have struggled to raise more capital as investors tighten their purse strings. At least two major companies in behavioral health care have filed […]
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 […]
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 […]
By continuing to use the site, you agree to the use of cookies. more information
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.
