King of Prussia, Pa.-based Universal Health Services, one of the largest behavioral health providers in the U.S., reported strong third-quarter results across its behavioral health portfolio, according to a financial report published on Oct. 27.
Here are six takeaways from the report:
- UHS’ behavioral health division generated $1.86 billion in revenue, up 9% from $1.71 billion in the same period last year.
- Same-facility behavioral health patient days rose by 1.3% year over year, while admissions increased by 0.5%. This marks continued steady volume growth despite broader labor and access challenges, UHS said.
- Net revenue per adjusted patient day increased by 7.9%, and revenue per adjusted admission rose by 8.8% at behavioral health facilities — indicating strong pricing and case mix trends.
- Behavioral health operations posted a 19.3% operating margin for the quarter, higher than the 13.9% margin reported by acute care facilities.
- Behavioral health inpatient revenue totaled $3.06 billion for the quarter, an 8.6% increase year over year. Outpatient revenue rose by 5.7% during the same period.
- As of Q3, UHS operates 345 inpatient behavioral health facilities — 11 more than it did a year earlier — reflecting its continued investment in mental health infrastructure nationwide.
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