Acadia offers an unhealthy work environment, terrible management that is rarely on site, and unreasonable expectations. Acadia Healthcare: Capitalizing On Major Mental Health Trend The ADHS website lists facility enforcement actions dating back three years. The facility has been accused of rampant patient and staff abuse, and allegedly inflates staff to appropriate levels only when a visit from the Joint Commission is expected. Interest expense for the last half of the year is expected to be around $95 million. I/we have no positions in any stocks mentioned, but may initiate a short position in ACHC, UHS, AAC over the next 72 hours. It offers behavioral healthcare services to its patients in various settings, including inpatient psychiatric facilities, specialty treatment facilities, residential treatment . With more than 20,000 employees serving approximately 70,000 patients daily, Acadia is the largest stand-alone behavioral health company in the U.S. Acadia provides behavioral healthcare services to its patients in a variety of settings, including inpatient psychiatric hospitals, specialty treatment facilities, residential treatment centers and sued Jacobs and the PSI Management in Federal District Court, Complaint in US District Court (Rocinek et al v. PSI, Filed 7/20/2010), (Garden City Employees Ret. LARGEST HEALTHCARE FRAUD SETTLEMENT IN WEST VIRGINIA HISTORY. Take these seven facilities as a representative example of allegations consistent with declining quality of care: West Memphis, AR: Ascent Treatment & Outpatient Clinic. According to the Acadia website, this facility is: located on 43 tranquil acres in the suburbs of Chicago. More nurses are leaving the profession than joining, leaving Acadia without sufficient staff to care for its UK patients. Inability to Expand. 1. Attorneys Alan McGonigal and Jennifer Mankins represented the federal government in the settlement. Source: YCharts. 7, No. You have permission to edit this article. They are up more than 20 percent so far this year. [5]The Senator wrote the Joint Commission, saying it appears to be unable to aggressively enforce the necessary standards on all facilities. He also cited a Wall Street Journal story about Cooley Dickinson Hospital in Northamption, Massachusetts, which was given the Gold Seal of Approval by the Joint Commission even after CMS threatened to cut it off over safety problems which led to preventable patient deaths. Acadia Healthcare - Wikipedia Source: The Braff Group. Pursuant to the settlement agreement, Acadia will pay $17 million to resolve allegations of a billing scheme that defrauded Medicaid of $8.5 million. The American Hospital Association and American Medical Association are among the 11 organizations signing the letter. Acadia Healthcare Company, Inc. (ACHC) - Yahoo! 1. But after the act, insurers became required to treat MH/SUD services with parity, meaning they have to provide the exact same coverage for MH/SUD services as they do for medical and surgical benefits. Presently, over 70% of the companys top-line is paid to Acadia by the British and American taxpayers, he reported.
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