2023 has been a tumultuous year for the behavioral health space. Macroeconomic headwinds, including rising interest rates plus unrest in Eastern Europe and the Middle East, has slowed dealmaking. Additionally, many providers have struggled to raise more capital as investors tighten their purse strings. At least two major companies in behavioral health care have filed […]
Several behavioral health-focused public companies raised their earnings and revenue forecasts for 2023. Industry headwinds, including a more favorable workforce environment, the steady demand for services and payer rate increases, have led to several companies, including Talkspace Inc. (Nasdaq: TALK), LifeStance Health Group Inc. (Nasdaq: LFST) and Acadia Healthcare Co. Inc. (Nasdaq: ACHC) raising their […]
Universal Health Services (NYSE: UHS) has tapped Oracle to expand its electronic health record (EHR) system across its behavioral health network. While the provider has used Oracle’s EHR in its acute care hospitals for a decade, expanding the technology into its behavioral health facilities will give it a unified system across the entire organization. UHS […]
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 […]
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 […]
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 […]
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