April 20, 2014 5:07 PM ET

Healthcare Providers and Services

Company Overview of Psychiatric Solutions, Inc.

Company Overview

Psychiatric Solutions, Inc. provides inpatient behavioral health care services in the United States. The company offers its services for children, adolescents, and adults through acute inpatient behavioral health care facilities and residential treatment centers. Its services include 24-hour nursing observation and care, daily interventions and oversight by a psychiatrist, and coordinated treatment by a physician-led team of mental health professionals. The company also provides contract management and a managed care plan, which involve the development, organization, and management of behavioral health care and rehabilitation programs within medical/surgical hospitals. As of December 31, 200...

6640 Carothers Parkway

Suite 500

Franklin, TN 37067

United States

Founded in 1988

16,000 Employees

Phone:

615-312-5700

Fax:

615-312-5711

Key Executives for Psychiatric Solutions, Inc.

Founder and Vice President
Principal Financial Officer
Age: 47
Divisional President
Divisional President
Compensation as of Fiscal Year 2013.

Psychiatric Solutions, Inc. Key Developments

Psychiatric Solutions, Inc. Suit Gets Class-Action Status

A federal judge in Tennessee has granted class-action certification to a lawsuit against Psychiatric Solutions, Inc. related to stockholder inquiries about abuse occurring at facilities across the country.

Psychiatric Solutions, Inc. and Universal Health Services Inc. Agrees to Pay $3.45 Million to Settle Allegations of Medicare Fraud

The U.S. Attorney in Sacramento announced that two companies have agreed to pay $3.45 million to settle allegations of Medicare fraud involving a Sacramento mental hospital. Psychiatric Solutions, Inc. and Universal Health Services Inc. have agreed to jointly pay the money to the federal government to settle allegations that BHC Sierra Vista Hospital defrauded the Medicare program. UHS acquired PSI and the hospital and is jointly responsible. Sierra Vista, owner of the hospital at 8001 Bruceville Road, failed to provide the number of services to certain patients required to qualify for a per-diem payment under Medicare's Partial Hospitalization Program.

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