Fiscally challenged. Psychiatric industry's hope is in consolidation, focusing services
Saphir, A.
Modern Healthcare 30(13): 66-68; 70
2000
ISSN/ISBN: 0160-7480 PMID: 11010555 Document Number: 525588
Psychiatric hospitals are closing in droves. Last year alone, at least 75 were shuttered, up sharply from the previous year. And psych hospitals collectively lost $254 million in 1998. To reverse the sector's fortunes, providers are focusing on consolidation and specialty services. "Mental health isn't glamorous," says David Moulthrop (left), CEO of a Wisconsin psych hospital. "But there is a future, though the pie has shrunk."
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