Many patients and families are alleging various incidents of misconduct, which include wrongful death, sexual assault, and abuse/neglect of patients, some of whom are under 18. Some notable issues stated in the conference call or in public filings were: ACHC 2018 Recommendations. See Debbie Osteen's compensation, career history, education, & memberships. It operates a network of over 225 facilities across the United States and Puerto Rico. A major investor-owned mental health and addiction treatment company will pay the federal government $17 million to settle allegations it defrauded Medicaid in West Virginia. There has been speculation of a private equity buyout of the company; however, this has not been verified. CHARLESTON, W.Va. United States Attorney Mike Stuart, along with Special Agent in Charge Maureen R. Dixon, United States Department of Health and Human Services Office of Inspector General (HHS-OIG), Acting Assistant Special Agent in Charge Justin Schoeman, Drug Enforcement Administration (DEA), Cabinet Secretary Bill J. Crouch, West Virginia Department of Health and Human Resources, and Director Mike Malone, West Virginia Medicaid Fraud Control Unit (MFCU), announced that his office has settled healthcare fraud claims against Acadia Healthcare Company, Inc. (Acadia). Acadias treatment centers paid the San Diego Lab directly. era at Psychiatric Solutions, "Used to Be Better, Now It's Just About Acquiring as Much as Possible,", "Short staffed to the point that patients are put in danger,", no bank has ever issued a sell rating. Medicaid paid Acadias treatment centers $8,500,000 as a result of these moderate and complex urine and blood testing claims, resulting in a loss of $2,181,100 to the State of West Virginia and $6,318,900 to the United States. Overall, the sexual assault allegations are eerily similar to the lawsuits from the Jacobs et al. Things dont seem to be improving for the Franklin, TN-based healthcare provider; Acadia Healthcare Company, Inc. (ACHC). 3.9. . Take these seven facilities as a representative example of allegations consistent with declining quality of care: West Memphis, AR: Ascent Treatment & Outpatient Clinic. When state inspectors visited in November of 2017, they declared a state of imminent danger. In the two previous years, it has experienced a 20%+ drop after its Q3 earnings announcement. Source: Y Charts, Cap Table: 2016 ACHC Proxy Statement (pp. Regulators had inadvertently created an environment ripe for investment. MH/SUD Peers vs. S&P 500 (Normalized). 32, 4 Feb., 2019; https://www.jointcommission.org/assets/1/6/Accr-Tips-Email-Feb-2014.pdf.
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