For-profit companies open psychiatric hospitals in areas clamoring for care [CBS News]
Universal Health Services, Inc. (UHS)
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Source: CBS News
trend toward having such hospitals owned by investors instead of by state governments or nonprofit health systems. The companies see a business opportunity in the shortage of inpatient beds for people with severe mental illness. The scarcity of inpatient psychiatric care is evident nationwide, especially in rural areas. People in crisis often are held for days or weeks in emergency rooms or jails, then transported far from their hometowns when a bed opens in a distant hospital. Eight nonprofit Iowa hospitals have shuttered their psychiatric units since 2007, often citing staffing and financial challenges. Iowa closed two of its four mental health institutions in 2015. The state now ranks last in the nation for access to state-run psychiatric hospitals, according to the Treatment Advocacy Center . The national group, which promotes improving care for people with severe mental illness, recommends states have at least 50 state-run psychiatric beds per 100,000 people. Iowa has jus
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UHS
Earnings
- 4/24/24 - Beat
UHS
Sec Filings
- 4/25/24 - Form 8-K
- 4/4/24 - Form ARS
- 4/4/24 - Form DEFA14A
- UHS's page on the SEC website