Behavioral health hospital operator to return $188M in feder

Behavioral health hospital operator to return $188M in federal relief aid


Behavioral health hospital operator to return $188M in federal relief aid
Wednesday, April 28, 2021 2:22 PM
Universal Health Services, a for-profit hospital operator that is partnering with MercyOne Des Moines to provide behavioral health services in Central Iowa, posted a revenue and profit increase in the first quarter of 2021, and announced plans to return $188 million in federal relief aid, Becker’s Hospital CFO Report reported. The Pennsylvania-based company is a 50% owner with MercyOne in a joint venture to operate the new Clive Behavioral Health hospital that opened Feb. 22. The company posted revenue of $3 billion in the quarter ended March 31, up 6.5% year over year. UHS also repaid $695 million in funds received from the Medicare Accelerated and Advance Payment Program.

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