Behavioral Health Business May 16, 2024
Outpatient behavioral health could be a new growth avenue for behavioral health giant Acadia Healthcare (Nasdaq: ACHC).
The operator, which has a substantial footprint in inpatient mental health care and comprehensive treatment centers (CTCs) for addiction treatment, is now turning its attention to partial hospitalization programs (PHPs) and intensive outpatient programs (IOPs).
Both PHPs and IOPs offer an intermediate level of care that is less acute than an inpatient setting but more comprehensive than traditional outpatient care.
“We’re really excited about outpatient and partial hospitalization overall,” Acadia CEO Christopher Hunter said during the Bank of America Securities Healthcare Conference yesterday. “It is a small financial contributor to the business today, but I think it’s just one that we have...