While Acadia Healthcare (NASDAQ: ACHC) saw a slow start to 2024, its leadership said that an improving labor market and rate improvements are tailwinds for the rest of the year. The first quarter of 2024 was plagued by weaker-than-anticipated patient volumes, which leadership attributed primarily to seasonality, and lower-than-expected admission rates in its military specialty programs. The provider noted that government facilities opened in the first quarter, which contributed to some of Acadia’s decline in military program admission rates. The company continues to implement its five-point growth strategy, which includes facility expansion, de novo growth, JV partnerships, acquisitions, and expanding the care continuum.
Read the full article: Coming Out of a Slow Q1, Acadia Healthcare Ramps up Focus on CTCs, Outpatient Expansion //
Source: https://bhbusiness.com/2024/05/02/coming-out-of-a-slow-q1-acadia-healthcare-ramps-up-focus-on-ctcs-outpatient-options