King Of Prussia, Pennsylvania-based Universal Health Services Inc. (NYSE: UHS) estimates that its annual earnings will be about 19% lower than originally projected. On Thursday, UHS released new, lower annual revenue and earnings estimates after seeing significantly lower than expected profitability in April and May. The shortfall was “due primarily to lower than expected patient […]
Universal Health Services
Universal Health Systems Inc. (NYSE: UHS) will likely continue its strategy of tough talk with low-paying health plans, as long as the workforce situation in its behavioral health segment improves. UHS Chief Financial Officer Steve Filton said this approach could be sustainable and that it has already found “some degree of success.” However, the success […]
With behavioral health capacity shortages on the rise, Universal Health Services Inc. (NYSE: UHS) is telling payers to keep up with reimbursement trends – or go elsewhere. The message is an important shift in behavioral health-payer relations that reflects the current operating environment. It’s also one being echoed across the health care sector, with home […]
Nagging workforce issues may scuttle Universal Health Services Inc.’s (NYSE: UHS) financial projections for 2022. The company’s financial forecasts predicted that the massive increase in labor costs would begin to abate in 2022: It has not. Increased spending on wages for staffing agency workers, driven by COVID-19 and a prevailing workforce shortage, stymied both revenues […]
Behavioral health mergers and acquisitions have generated much buzz in the last couple of years, as dealmaking has reached record levels. However, some other providers are choosing to scale up operations by going a different route — joint ventures (JVs). Acadia Healthcare (Nasdaq: ACHC) and Universal Health Systems (NYSE: UHS) – two of the biggest […]
The startup Eleos Health announced Tuesday that it landed $20 million in Series A funding. The company — which has offices in Boston and Tel Aviv, Israel — casts itself as an integrated “CareOps Automation” provider for behavioral health providers that uses voice AI to interpret the conversation of patients and providers to generate post-session […]
Universal Health Services Inc (NYSE: UHS) has been seeing a high demand for health care services, even though it has also had to turn away some of that demand due to behavioral workforce shortages. Although bed capacity is on the rise for UHS, the hospital operator believes there is more room for improvement on the […]
Universal Health Services Inc. CEO Marc Miller struck a bullish tone on the near-term future of the company’s behavioral health division due to signs staffing challenges could be stabilizing. The underlying demand for the behavioral health side of Universal Health Services (NYSE: UHS) has risen since the onset of the pandemic. But the story from […]
The year 2021 was defined by the many struggles that organizations had largely foisted on them directly or indirectly by the ups and downs of the coronavirus pandemic. But many providers learned how to adapt to the new normal and began to tackle the even bigger challenges that a changing industry leveled on behavioral health […]
Universal Health Services Inc. struggled to staff up its behavioral health business despite being willing to pay a premium as it grapples with the national health care staffing shortage. However, the King of Prussia, Pennsylvania-based acute care and behavioral health company simply can’t find enough workers to fully staff up to meet the demand that […]