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 […]
The struggles of Optum and CVS Health Inc. (NYSE: CVS), two of the country’s largest health organizations, to integrate assets into a cohesive “payvider” model illustrates the deep challenge of creating value-based care models. Optum, the health services division of UnitedHealth Group Inc. (NYSE: UNH), and CVS Health, which owns Aetna, one of the largest […]
Behavioral health providers have lagged behind their physical health counterparts in measuring outcomes. But that may soon change, industry insiders believe, as payers pressure providers to show more data before raising rates or negotiating value-based contracts. Even so, collecting the correct data to prove outcomes isn’t just on behavioral health companies. A true outcomes-based approach […]
Universal Health Services (NYSE: UHS) leadership projects workforce pressures may ease up this year, allowing it to return to growth mode. Executives at the King of Prussia-based hospital system estimate that lower COVID rates will result in lower premium pay for temporary employees. Across the business, executives expect those costs to shrink by a third […]
Caron Treatment Centers expands in Florida Wernersville, Pennsylvania-based nonprofit behavioral health provider Caron Treatment Centers opened its 100,000-square-foot facility at the beginning of February, according to a news release from the organization. The facility, The Keele Medical Center, is located at 4575 Linton Boulevard, Delray Beach, Florida. It offers a medical detox unit, 40 residential […]
Economic uncertainty heading into 2023 will drive several existing trends that orbit around the topic of value-based care. In turn, economic pressure and increased focus on value will demand that mental health providers sharpen their proverbial pencils. The prognostications below come from executives of some of the largest incumbent companies and growing startups in the […]
2023 is set to be a year of transition for behavioral health, as the COVID-era public health emergency (PHE) comes to an end and economic headwinds impact the global economy. Companies that took advantage of the PHE’s relaxed regulations will finally get some answers to looming questions about their business model as the federal government […]
Universal Health Services Inc. (NYSE: UHS) continues to forecast staffing challenges going forward after years of difficulties driven by the coronavirus pandemic. Elevated premium temp staffing rates relative to pre-COVID rates are likely a new permanent reality for the company, UHS leaders said during the company’s third-quarter earnings call. The company also expects specific facilities […]
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