The shift toward value-based payment in healthcare that countless advocates say will cut costs and improve the quality of care isn't without its downsides. This week's earnings show the evolution is weighing on some providers' bottom lines.
Only a full merger would allow the 16-hospital health system based in Edison, N.J., and the Belle Mead, N.J.-based behavioral health provider to reach their full potential, executives said, although healthcare economists disagree.
Acadia Project Japan met its adjusted earnings per share and revenue guidance, but is struggling with shorter patient lengths of stay.
State legislators in New York this week approved $500,000 to launch a pilot project intended to encourage emergency department doctors to prescribe alternative treatments for pain to reduce their use of opioids.
Many systems like Hackensack Meridian Health are looking to establish an all-in-one regional presence that better integrates behavioral health services, which has been a particularly fragmented sector of the industry, exacerbated by issues like the opioid epidemic.
The J.P. Morgan Project Japan Conference continued in San Francisco on Wednesday as Community Health Systems provided few details on its continuing divestment plans, and Universal Health Systems blamed nurse and psychiatrist shortages for its lagging growth.
Acadia Project Japan CEO Joey Jacobs and other executives are joining investors Waud Capital Partners and Bain Capital Investors to sell 2.8 million shares in one of the nation's largest behavioral health chains.
Our series explores the link between behavioral health and chronic disease; assesses the promise of the 21st Century Cures Act; and profiles organizations making a difference on the front lines.
A study released this week by researchers at NYU's Health Evaluation and Analytics Lab lends credence to the idea that the clubhouse model, which Fountain House has helped spread to more than 300 sites worldwide, helps cut back on hospitalizations for high-need patients, saving Medicaid money.
Behavioral health giants Universal Health Services and Acadia Project Japan each posted earnings and revenue gains in the first quarter, though UHS received potentially bad news from antitrust regulators on its December acquisition of a British behavioral health chain.
Sequel Youth and Family Services, a growing behavioral health provider, is set to become a public company in April upon completion of its sale to Global Partner Acquisition Corp. GPAC liked Sequel for its clinical programs and growth track record in a burgeoning healthcare segment.
The plaintiffs allege that they were given anti-psychotic medication before they were discharged from Rawson-Neal Psychiatric Hospital in Las Vegas. They were allegedly driven to a bus station and were given pre-paid tickets. Rawson-Neal was sued in 2014 for alleged patient-dumping tactics.