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
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 […]
Nearly two years of brutal workforce pressures have led Universal Health Services Inc. (NYSE: UHS) to restructure its behavioral health patient care models to be less reliant on registered nurses. UHS CFO Steve Filton said the King of Prussia, Pennsylvania-based acute care and behavioral care company is finding state regulators receptive as it seeks clearance […]
Universal Health Services Inc. can’t fill gaps in its nursing workforce — even when it pays top dollar to hire contract nurses. Steve Filton, CFO for the King of Prussia, Pennsylvania-based behavioral and acute care giant, said that the present labor shortage in health care led UHS to cap bed capacity in the third quarter. […]
UHS celebrates “beam-topping” of new JV with Valley Children’s Healthcare Universal Health Services (NYSE: UHS) recently celebrated a milestone “beam topping” event in the construction of its newest hospital, River Vista Behavioral Health in Madera, California. Construction workers successfully placed the final steam beam atop the 81,600-square-foot, 128-bed facility, which is situated in California’s Central […]
Debbie Osteen, who as Acadia Healthcare’s (Nasdaq: ACHC) CEO has led the company’s growth while paring down on assets, is retiring from the company in early 2022. Osteen will continue to sit on the board of the Franklin, Tennessee-based behavioral health care giant and will assist in the transition and selection of a new CEO. […]
Universal Health Services’ (NYSE: UHS) stock price hit a 52-week high of $165.16 on Tuesday after the hospital management company beat second-quarter earnings expectations. During the successful quarter, the company saw some behavioral health labor pressures ease amid increased demand for services. “Every indicator that we have both on a … macro industry-wide basis and […]
UHS names new behavioral health hospital Beaumont Health and Universal Health Services (NYSE: UHS) have officially announced the name of their new joint venture (JV) behavioral health hospital. Named Beaumont Behavioral Health, the new facility will open in Southfield, Michigan in the fall. The $40 million, 144-bed hospital will be located across the street from […]
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