Behavioral Health Business September 6, 2024
Universal Health Services (NYSE: UHS) is looking to get its behavioral health margins back to pre-COVID times.
Reductions in labor costs, enhanced productivity and a bump in patient volume are among the factors that will support that goal, according to Steve Filton, the company’s chief financial officer.
“We had originally set a target for [2024] of 3% patient day volume growth for the year,” Filton said Friday during an investor presentation. “We now say that that’s going to be difficult to achieve, but … if we can grow at 3% given the strong pricing, getting to that 6%, 7%, 8% historical level of behavioral pricing, which is a level in which you can have margin expansion and growth in the...
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