Behavioral Health Business October 26, 2023
Universal Health Services (NYSE: UHS) is setting its sights on increasing behavioral health bed occupancy after seeing improvement in its recruitment and retention metrics.
UHS identified increasing occupancy as its next target for growth in its Q3 earnings call, utilizing a strategy of recruitment retention and expanding service lines to achieve this goal.
“Broadly increasing occupancy is the most significant opportunity we see in our behavioral business,” Steve Filton, chief financial officer of UHS, said. “We absolutely have the ability to increase occupancy significantly. There’s a handful of important initiatives in behavioral, but all would fall under this umbrella of being able to increase occupancy.”
The company reported a net income of $167 million in the third quarter of 2023,...
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