Franklin, Tenn.-based Acadia Healthcare has named retired Tenet Healthcare CFO Daniel Cancelmi to its board of directors. Mr. Cancelmi joins the board effective immediately, according to a March 12 Acadia news release. He retired from Dallas-based Tenet at the end…
Author: Andrew Cass
King of Prussia, Pa.-based Universal Health Services is acquiring online behavioral health provider Talkspace in a deal valued at about $835 million. Talkspace has a network of about 6,000 licensed behavioral health professionals serving all 50 states, Washington, D.C., and…
Manchester, N.H.-based Catholic Medical Center is planning to end outpatient behavioral health services by the end of March, the New Hampshire Union Leader reported March 6. The hospital will continue offering urgent mental health services through its emergency department. Catholic…
Marc Miller, CEO of King of Prussia-based Universal Health Services, said the for-profit health system has enhanced its acute care revenue cycle operations by deploying AI tools to improve documentation and streamline its claims appeals process. The system is focusing…
King of Prussia, Pa.-based Universal Health Services is expecting to see a $35 million pre-tax earnings headwind in 2026 from the implementation of California’s emergency staffing regulations for freestanding psychiatric hospitals. The regulation is slated to take effect June 1.…
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King of Prussia, Pa.-based Universal Health Services recorded a net income of $1.5 billion in 2025, up from $1.1 billion in 2024, according to its Feb. 25 financial report. Eight things to know: 1. The for-profit system reported an operating…
A Philadelphia-based mental health clinic and its psychiatrist owner agreed to pay $900,000 to settle allegations that they fraudulently billed Medicaid for medication management appointments that were too short to comply with applicable regulations, according to a Jan. 27 Justice…
An Illinois judge has reduced the punitive damages an indirect subsidiary of King of Prussia, Pennsylvania-based Universal Health Services must pay in a negligence case, according to an Oct. 11 regulatory filing.
Brookline, Mass.-based First Psychiatric Planners, operating as Bournewood Health Systems and Bournewood Hospital, agreed to pay at least $5.5 million to resolve allegations it violated the state and federal False Claims Act through patient kickbacks.
The managers of a Matteson, Ill.-based youth counseling center have been sentenced to prison for defrauding the state's Medicaid program of $2.5 million.