Firms see profit in opening rural psychiatric hospitals
The companies see a business opportunity in the shortage of inpatient beds for people with severe mental illness nationwide -- but especially in rural areas clamoring for care.
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The companies see a business opportunity in the shortage of inpatient beds for people with severe mental illness nationwide -- but especially in rural areas clamoring for care.
State institutions and community hospitals have closed inpatient mental health units, often citing staffing and financial challenges. Now, for-profit companies are opening psychiatric hospitals to fill the void.
A for-profit company has proposed turning a boarded-up former nursing home here into a psychiatric hospital, joining a national trend toward having such hospitals owned by investors instead of by state governments or nonprofit health systems.
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