UHS CFO: Staffing Shortages the ‘Single Biggest Obstacle’ to Restoring Behavioral Volumes

As Universal Health Services (NYSE: UHS) continues to recover from the coronavirus, industry-wide behavioral health workforce shortages are standing in the way. “Shortage of appropriate clinical and, in some cases, non-clinical personnel are probably the single biggest obstacle and headwind to getting back to pre-pandemic volumes [on the behavioral side],” CFO Steve Filton said Tuesday […]

Pipeline: New Projects for Acadia, UHS; SUD Providers Expand Reach

Acadia forms JV with Geisinger Acadia Healthcare (Nasdaq: ACHC) has formed a joint venture (JV) with Danville, Pennsylvania-based Geisinger Health System to build two new inpatient behavioral health facilities. The companies are putting a combined total of about $80 million toward the projects. The first of the two facilities will open next year in Moosic, […]

Pipeline: UHS Opens Two New Facilities; SUD, ABA Expansions

UHS co-opens two behavioral hospitals Universal Health Services (NYSE: UHS) has opened two new behavioral health hospitals as a result of recent partnerships. One of those is a new specialty facility in Clive, Iowa. Clive Behavioral Hospital is a partnership between UHS and Iowa-based health care provider MercyOne. The hospital spans 83,000 square feet and […]

UHS: Managed Care Pressures Eased During Pandemic, But Future Unclear

Last year was one of the toughest in recent history for behavioral health care providers, who dealt with unprecedented financial strain and sky-high demand. Despite those challenges, the industry also scored a number of important wins in 2020, from being granted several important regulatory flexibilities to finally being recognized as vitally important to the healthcare […]

UHS CFO: Second Half of 2021 Will Look ‘More Like the 2019 We Exited Pre-COVID’

The past year has been a rough one for behavioral health providers, with COVID-19 decreasing organizations’ revenues, while increasing their costs. Even industry powerhouses like Universal Health Services (NYSE: UHS) have felt the virus’s impact. But company leaders at the behavioral health giant say they’re starting to see the light at the end of the […]

COVID-19 Headwinds Linger at UHS, with Behavioral Admission Down Slightly in Q3 

Nearly eight months after the coronavirus first swept the country, Universal Health Services (NYSE: UHS) is still feeling the headwinds of COVID-19. At its behavioral health facilities on a same facility basis, UHS saw admissions decrease 5.6% year-over-year in Q3, while adjusted patient days decreased 3.6% as compared to the third quarter of 2019. Despite […]

UHS Taps Aetna Alum to Fill Behavioral CMO Position

Universal Health Services (NYSE: UHS) has tapped an Aetna alum to be the new chief medical officer for its behavioral health division. UHS announced Monday that Mark Friedlander, a psychiatrist and MBA, would fill the role.  Headquartered in King of Prussia, Pennsylvania, UHS has 328 behavioral health facilities spread across the US, Puerto Rico and […]

Senator Questions UHS Following September Cyberattck

U.S. Sen. Mark Warner (D-Va.) is asking Universal Health Services (NYSE: UHS) to answer for a recent cyberattack that affected the hospital company’s 400 or so U.S.-based facilities back in September.  Specifically, Sen. Warner is requesting that UHS provide details on the company’s vulnerability management process, third-party risk management policies and cybersecurity protections, as well […]

UHS Restores IT Network After Cyberattack

Universal Health Services (NYSE: UHS) has restored its IT network after a cyberattack caused the hospital company to take systems offline a little more than a week ago. UHS announced the news Monday in a statement, saying it’s in the process of reconnecting its applications. “The recovery process has been completed for all servers at […]