It's easy to become a Seeking Alpha contributor and earn money for your best investment ideas. 15). Our Mission However, one has already happened since then and another is expected that is not accounted for by Acadia. A Ms. Alisha Rocinek, on behalf of herself and various shareholders, sued Jacobs and the PSI Management in Federal District Court. $8.5 million in Medicaid fraud means $8.5 million in fraud to the taxpayers. The CIA requires CRC and Acadia to maintain a compliance program, implement a risk assessment program, and hire an Independent Review Organization to review Medicaid claims. U.K. and U.S. government health contracts make up the bulk of the money paid to Acadia Healthcare. At Acadia Healthcare, our commitment to integrity and compassionate care is realized each day by our highly qualified staff. 4. As a result of the $17 million settlement, which represents twice the actual loss suffered by Medicaid, both the state and federal programs will be made whole. West Virginia-based Acadia Healthcare, along with subsidiary CRC Health, has agreed to dole out $17 million to settle accusations of fraud, representing the largest fraud-related settlement in the history of the state, according to a settlement agreement released this week. Learn about careers at Cox Media Group. 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. Ada, OK, Rolling Hills Hospital. The company's shares (Ticker: ACHC) closed at $32.60 Tuesday, down nearly four percent from Monday. XFL Quarterback Reinstated After New Details Emerge from Scandal,The XFL reinstated quarterback Quinten Dormady Friday one day after the Orlando Guardians released him for handing out plays from the team's playbook to other teams. 50+ officers raid mental health hospital after patient found in freezer, other disturbing claims. Acadia provides behavioral health and addiction services to its patients in a variety of settings, including inpatient psychiatric hospitals, residential treatment centers, outpatient clinics and therapeutic school-based programs. I wrote this article myself, and it expresses my own opinions. This station is part of Cox Media Group Television. Waud also has a new house, widely known as Maine's "largest mansion.". Penn holds a B.A. Acadia does not care about the well-being of their patients or their employees. On February 28, 2018, The Attorney General's office was notified upon first discovery of potentially harmful misconduct at Acadia. This is a very large-scale investigation, said Gwinnett County Police Spokesperson Michele Pihera. 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). The best natural target was opioid addiction, with its high demand for substance abuse treatment services. Acadia Healthcare Company, Inc. provides behavioral healthcare services in the United States and Puerto Rico. Inability to Expand. A locked padlock Since mid-August 2015, insider holdings have dwindled from 30% to less than 1%. Acadia Healthcare shares fall on mixed-bag results, forecasts. The ADHS website lists facility enforcement actions dating back three years. The West Virginia Centers provide outpatient drug treatment, including the administration of Methadone and the prescribing of Suboxone and Subutex. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. The following month, the child's family filed a wrongful death suit against Ascent (owned by Acadia), the employees, and its corporate entities for $135 million. I am proud of DHHRs Medicaid Fraud Control Unit under the leadership of Director Michael Malone and its work with the United States Attorneys Office Southern District in combatting healthcare fraud and the opioid crisis and as a member of the innovative ARREST Task Force.. 4. Acadia has experienced almost no bed growth in 2018. I am proud of the work of my office and that of our partners to ensure the end of this multi-million dollar scheme. The Department of Justice, together with the Federal Trade Commission (FTC), announced today that the government has resolved allegations that GoodRx Holdings Inc., doing business as GoodRx Gold, GoodRx Care 300 Virginia Street Courtesy Acadia Healthcare, Cap Table: 2015 ACHC Proxy Statement (pp. KARK reported that: Ascent Children's Health Services CEO Dan Sullivan admits some employees didn't follow correct protocol and were fired. Myron already had health problems and used a wheelchair, but he could stand for long enough to get into bed or onto the toilet, she said. No clear federal definition exists for what constitutes a SUD center, so some entrepreneurs started opening centers in strip malls, filling them with beds, signing users up often through unethical methods. Bei der Nutzung unserer Websites und Apps verwenden wir, unsere Websites und Apps fr Sie bereitzustellen, Nutzer zu authentifizieren, Sicherheitsmanahmen anzuwenden und Spam und Missbrauch zu verhindern, und, Ihre Nutzung unserer Websites und Apps zu messen, personalisierte Werbung und Inhalte auf der Grundlage von Interessenprofilen anzuzeigen, die Effektivitt von personalisierten Anzeigen und Inhalten zu messen, sowie, unsere Produkte und Dienstleistungen zu entwickeln und zu verbessern. Each of Acadias West Virginia treatment centers is certified by the Centers for Medicare and Medicaid Services (CMS) to perform uncomplicated waived laboratory testing only. Source: Complaint in US District Court (Garden City Employees Ret. The company cannot continue to acquire and grow successfully when many departments are understaffed and employees are suffering/completely maxed out on what they can do. ***Sources for financial data found within the audited financial filings for Acadia Healthcare Company, Inc., including: Disclosure: I/we have no positions in any stocks mentioned, but may initiate a short position in ACHC, UHS, AAC over the next 72 hours. Penn has found a passion in his ability to expeditiously investigate companies as well as piecing together how they all contribute or are affected by multi-faceted macro trends. Take these seven facilities as a representative example of allegations consistent with declining quality of care: West Memphis, AR: Ascent Treatment & Outpatient Clinic. 30% of Acadias revenue comes from the UK, but problems exist, such as: The shortage of nursing staff in the UK is cause for alarm bells. 19,200. Neither party has chosen to respond or provide any comment to the substance brought forth herein. Thomas flew to Arkansas and New Mexico this fall, listening to whistleblowers at other company sites. I have served in many aspects of the oft-misunderstood, exploited, but also necessary field for over seven years. Source: MarketBeat. 32, 4 Feb., 2019, [8] Patients at Rolling Hills Hospital in Ada suffer broken bones, head injuries, NewsOK, 7 Jan 2019, https://newsok.com/article/5619558/patients-at-rolling-hills-hospital-suffer-broken-bones-head-injuries, [9] New Allegations Of Elder/Veteran Abuse And Parliaments Autism Debate Could Further Jeopardize Top Line For Acadia Healthcare, Seeking Alpha, 31 Jan. 2019, https://seekingalpha.com/article/4237195-new-allegations-elder-veteran-abuse-parliaments-autism-debate-jeopardize-top-line-acadia, [10] http://www.caringfamilysolutions.org/; https://npidb.org/organizations/behavioral_health/clinical_1041c0700x/1548686322.aspx, [11] http://www.hartfordbusiness.com/article/20190118/NEWHAVENBIZ/190119899/behavioral-health-provider-to-pay-100k-over-false-claim-charges, CCHR INTERNATIONAL 52 YEARS OF PROTECTING HUMAN RIGHTS, 2023 Citizens Commission on Human Rights International. In August 2018, the Department of Justice announced the creation of a new regional Medicare fraud strike force covering Newark, New Jersey and Philadelphia, Pennsylvania, adding to similar such strike forces in Miami, Los Angeles, Detroit, Chicago and other major metropolitan areas. An attempt was made to notify Tom Graber of the Oklahoma Attorney Generals office in July of 2018, hoping to implore them to investigate, as well as to gather commentary for this account. While these occurrences are industry-wide, the combination of Acadias mere size and potential for profit appear to position it in similitude with a brewing disaster. Acadia has been unable to raise any additional funds, either through financing or through additional stock placement, since Q2 2016. Beckley, WV25801, 845 Fifth Avenue Rate It! Another law, passed in 1997, had tried to achieve something similar. Acadias treatment centers paid the San Diego Lab directly. As of September 30, 2021, Acadia operated a network of 230 behavioral healthcare facilities with approximately 10,200 beds in 40 states and Puerto Rico. She had bruising all over, Tipton told Thomas. It's just a matter of going through a lot of paperwork, Pihera said. Nothing was locked up that could be broken and used for self-harm. I wrote this article myself, and it expresses my own opinions. A member of the direct care team at Acadia's flagship facility, Sierra Tucson (located in Oro Valley, AZ), mentioned the following in another Glassdoor employment review entitled "Short staffed to the point that patients are put in danger,". Acadia is nearing a high-risk of default, and logically, would soon be unable to continue to borrow for growth. Assistant U.S. He stated in a June 11, 2018 response email, "I have been looking for the appropriate office to look into the allegations you have made regarding the healthcare industry. Email the writer:jeff.lagasse@himssmedia.com, 2023 Healthcare Finance is a publication of HIMSS Media, Optum: Two new Alzheimer's drugs in the pipeline, AHA voices support for telehealth expansion bill, Amazon completes $3.9B acquisition of One Medical, Healthcare organizations ask HHS to delay quality measure reporting for ACOs. A weak UK environment. Both facilities are still open. Acadia Healthcare will pay $17 million in what the Department of Justice says is the largest health care fraud settlement in the history of West Virginia. Channel 2's Tony Thomas has been investigating Lakeview for months. This is a strong message and a massive penalty. Working here will land you with people's deaths on your conscience. You must be a. The deficiencies led to a failure by the Company to: protect patients from sexual abuse; provide patient care in a safe environment; ensure its patients were adequately monitored; ensure its facilities were adequate(ly) staffed, adequately train and supervise its staff; and ensure incidents were properly reported to state and federal authorities." As a result, Sierra Tucson has been charged with several wrongful deaths. The company expects to add more than 800 beds to current and new facilities in 2018. An analyst asked Joey about that at the end of Q2: Are you comfortable with your assumptions going into the summer months?. Active contributors also get free access to the SA PRO archive. This epidemic in the United States exploded throughout the mid-2010s, skyrocketing the number of Substance Use Disorder (SUD) centers. Legislators from Florida are flabbergasted by this issue, and, according to ABC News: The problem of insurance fraud and patient abuse is so bad in the Sunshine State that it's been nicknamed 'The Florida Shuffle,' where patients are lured here for treatment, then go from one treatment center to another until their insurance benefits run out. 3.9. . We will continue working with the U.S. Attorney and other law enforcement partners to protect government health programs, taxpayers, and importantly people who depend on these funds for vitally needed treatment.. There has been speculation of a private equity buyout of the company; however, this has not been verified. Unscrupulous operators resorted to extreme exploitation of minimal regulation via patient brokering, or "junkie hunting," as it's often called, to increase revenues further. Fraudulent billing by these Acadia/CRC drug treatment clinics, as contended by the government, limits the States ability to provide desperately needed addiction treatment services, Maureen Dixon, Special Agent in Charge of the Office of Inspector General of the U.S. Department of Health and Human Services Region including West Virginia, said in the release. This was a result of his recovery from after struggling with behavioral health disorders and the consequences of his maladaptive behaviors resulting from unresolved trauma.Succumbing to these taught what he says are "the best lessons I ever learned." Surely, it's not hard to see why; HCA owns and operates 162 hospitals and 113 surgery facilities, the majority of which are located in the US - and with the ever-growing healthcare fraud crisis that seems to plague the nation, HCA and its subsidiaries commonly find themselves in hot water. Before founding Bar Nothin' Capital Management, and then his research firm Bar Penn was the Co-founder and Managing Partner of Crestview Capital Partners LLC.At Crestview, the firm he co-founded in 2014, Penn led the charge to improve outcomes in mental and behavioral healthcare by scaling quality care models in the arena of community counseling. $6,908. The message is clear if you are cheating the system and we find you, youll not only pay for the damage done but far more. A press release on that date, issued by the plaintiff('s) counsel, Robbins, Geller, Rudman, & Dowd LLP, stated that Jacobs and the PSI leadership ended the dispute. Source: YCharts. 6. workplace safety or health violation. No charges have been filed. 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. SLOW DOWN. This corporation is taking advantage of the most vulnerable people in our. Again, the leadership has, for the most part, cashed in. Behavioral Healthcare M&A Deal Volume. February 13, 2019. Old men to stumble into Moncton. Joey Jacobs stated: The company remains actively engaged with its acquisition pipeline and expects its 2018 acquisitionactivity to be heavily skewed toward acute facilities in the United States. Beautiful vistas. Ever, and presently chairs the Illinois State Police Merit Board, Patient was a minor at the time of the intimacies, Patient had experienced incest or other child sex abuse, Patient had experienced rape prior to intimacies with therapist, Patient required hospitalization considered to be at least partially a result of the intimacies, Patient achieved complete recovery from any harmful effects of intimacies, Patient filed formal (e.g., licensing, malpractice) complaint. Start Your Review of Acadia Healthcare. Official websites use .gov Huntington Comprehensive Treatment Center in West Virginia. Waud was also the nominee of Governor Bruce Rauner, R-Ill., and presently chairs the Illinois State Police Merit Board, which provides oversight, the approval of promotions, and other major decisions for the state's highest law enforcement body. CRC allegedly billed Acadia, and Acadia paid the San Diego lab, while at the same time billing West Virginia's Medicaid program, with the latter company receiving more than $8 million from Medicaid. 2.5. 50+ officers raid mental health hospital after patient found in freezer, other disturbing claims More than 50 local police officers raided a local mental health hospital. Acadia is a leading provider of behavioral healthcare services across the United States. See Debbie Osteen's compensation, career history, education, & memberships. In this case, every dime in false billings was doubled for a total settlement that represents twice the harm caused. It closed all of the loopholes insurers used to circumvent the prior Mental Health Parity Act of 1997 (MHPA). A damaged reputation. In the claims for reimbursement submitted to Medicaid, Acadias treatment centers represented that they had performed the moderate and/or high complexity laboratory services. ignoring their complaints, and had poor quality control procedures in place. Acadia has been unable to raise any additional funds, either through financing or through additional stock placement, since Q2 2016. West Virginia-based Acadia Healthcare, along with subsidiary CRC Health, has agreed to dole out $17 million to settle accusations of fraud, representing the largest fraud-related settlement in the history of the state, according to a settlement agreement released this week.

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