Behavioral Health Business February 29, 2024
Universal Health Services (NYSE: UHS) saw its behavioral health services for children and teens take a downward turn in the latter half of 2023.
The company attributes its child and adolescent business declines to Medicaid redeterminations.
Despite softness in residential and adolescent segments, UHS experienced “robust” demand for its behavioral health services in Q4 of 2023, with net revenue amounting to more than $1,615,000, according to its fourth-quarter earnings call. It largely attributes positive patient volume to successfully filling vacant positions.
King of Prussia, Pennsylvania-based UHS is one of the largest behavioral health operators in the country, with approximately 96,700 employees and more than 330 inpatient behavioral health facilities.
UHS saw behavioral health admissions increase by 1.4% on a...
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