Universal Health Services (NYSE: UHS) intends to challenge a recent verdict that would require the company to pay $535 million in damages related to a sexual assault suit. Pavilion Behavioral Health System, a subsidiary of UHS, denied any liability in a case that alleged that an underage patient was sexually assaulted by another underage patient […]
Universal Health Services
Universal Health Services (NYSE: UHS) saw its behavioral health services for children and teens take a downward turn in the latter half of 2023. The company attributes its child and adolescent business declines to Medicaid redeterminations. Despite softness in residential and adolescent segments, UHS experienced “robust” demand for its behavioral health services in Q4 of […]
The mental health industry is pivoting after the market’s rapid expansion related to COVID-era telehealth and increased demand for behavioral health services. Mental health providers are now seeking new methods of care, including AI-enabled tools, to improve existing mental health treatment frameworks, industry insiders told Behavioral Health Business. Mental health companies are also seeking new […]
Universal Health Services (NYSE: UHS) is setting its sights on increasing behavioral health bed occupancy after seeing improvement in its recruitment and retention metrics. UHS identified increasing occupancy as its next target for growth in its Q3 earnings call, utilizing a strategy of recruitment retention and expanding service lines to achieve this goal. “Broadly increasing […]
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, […]
Universal Health Services Inc.’s (NYSE: UHS) behavioral health segment grew in the second quarter, as patient volumes and lengths of stay improved at its acute behavioral health facilities. However, UHS management deemed the company’s Q2 2023 earnings results for the segment a bit of a slowdown compared to recent performance. Still, UHS is bullish on […]
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 […]
With macroeconomic headwinds leading to declining valuations and less M&A activity, the mental health space is at a crossroads. The notoriously fragmented industry is still prime for maturation, but many companies are facing growing pains. Several companies that came onto the public market during the 2021 boom year are struggling to keep up with investor […]
The nation’s largest behavioral health providers are bracing for states to resume Medicaid redeterminations. While the true impact is unknown, analysts questioned behavioral health providers Acadia Healthcare Co. (Nasdaq: ACHC) and Universal Health Services (NYSE: UHS) about what the companies expect and will do in the face of potentially millions of Americans losing their health […]
Universal Health Services Inc. (NYSE: UHS) attributed its year-over-year increase in revenue to improved payer rates and diminishing impacts from the COVID-19 pandemic. Specifically, top executives at the company said Wednesday that patient volumes and improved staffing retention and recruiting attributed to the increased earnings in the first quarter. UHS’ behavioral health division delivered a […]
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