We achieved solid top line growth with $731.3 million in revenue for the quarter, up 12.2% over the second quarter of last year. Got it. So we have not seen any trend. Thanks. I mean clearly, we continue to watch the CTC, the settlement dollars very closely. Excluding this income, adjusted EBITDA for the second quarter of 2023 increased 10.9% to $174.5 million compared with $157.3 million for the second quarter of 2022. Don't forget to submit by August 1, 2023, and remember that the early-bird deadline for registration is August 25, 2023. The last three years of same facility volume growth has been roughly in the 2% to 4% range, and weve been really highly focused on delivering volume growth acceleration. Note: This will log you into LinkedIn too. So I think just in line with the expectations and what you've seen previously from a seasonality perspective. Vice President, Investor Relations Yes, A.J., this is Chris. Eventbrite - ACADIA presents ACADIA 2022 Conference - Thursday, October 27, 2022 | Sunday, November 20, 2022 at University of Pennsylvania, Philadelphia, PA. Find event and ticket information. If you've connected LinkedIn to your account, And how are you thinking about growth in the second half of the year? And then finally, Id just point to the recent bed additions that we mentioned. Corporate Update - March 2023. And I would say we're not seeing that trend at all as of right now. So for sure, there's a portion of that that you're seeing in that sequential decline. We facilitate critical investigations into the role of computation in architecture, planning, and building science, encouraging innovation in design creativity, sustainability, and education. I would now like to turn the conference over to Gretchen Hommrich. Learn how it impacts everything we do, https://www.businesswire.com/news/home/20230727228293/en/, Do Not Sell or Share My Personal Information, Salaries, wages and benefits (including equity-based compensation expense of $7,348, $6,580, $14,977 and $14,505, respectively), Net income attributable to noncontrolling interests. The registeration information can be found under the "Registration" tab above. Mount Saint Vincent University, Halifax, NS. This press release contains forward-looking statements. The motive remains unknown. Markets Brief: Is the Stock Rally Broadening? And then Chris, as I think about some of these new efforts in dental health parity; how are you thinking if those stuff which are successful, how do you think that will flow through like operationally or coverage-wise to Acadia? And I just wondered kind of what your take is on that, if you've seen any sort of deterioration in the opportunity from that modality? There were some concern in the marketplace about some new therapeutic options with [indiscernible]. Thank you, Gretchen, and good morning, everyone. Just a couple of questions. gamescom Cologne 2023 - TradeFairDates University of Colorado Denver, College of Architecture and Planning, Jake Jabs Center for Entrepreneurship, Denver, United States, USD 355.00 to USD 755.00. Habits of the Anthropocene calls for the examination of suppressed voices, indigenous and feminist thinking, and queer theory. view on map, ACADIA 2023: Habits of the Anthropocene, University of Colorado Denver \\ Denver, CO \\ October 26-28, 2023. Okay. The non-GAAP financial measures presented herein are supplemental measures of our performance and are not required by, or presented in accordance with, generally accepted accounting principles in the United States (GAAP). The Company is not able to provide a reconciliation of projected Adjusted EBITDA and adjusted earnings per diluted share, where provided, to expected results due to the unknown effect, timing and potential significance of transaction-related expenses and the tax effect of such expenses. This technology provides real-time data visibility and feedback to our clinical staff, ensuring consistent execution across our facilities. (ACHC) ACADIA HEALTHCARE COMPANY Forecasts Fiscal Year 2023 EPS Range $3.25 - $3.50. Bachelor of Science in Architecture Admissions, Master of Urban and Regional Planning Admissions, Master of Landscape Architecture Admissions, Master of Science in Historic Preservation Admissions, PhD in Geography, Planning, and Design Admissions, College of Engineering, Design and Computing. ACADIA 2023 is hosted by the University of Colorado Denver, College of Architecture and Planning. Thanks for taking the questions. And why might that be the case? ACADIA 2023 Theme. And so that's now what we're projecting for the back half of the year is for that continued mid-single-digit growth across all service lines, including CTC we'll expect to see that continued growth. Today, Acadia's 20 JV partnerships represent a combined total of 21 hospitals with 11 hospitals already in operation and 10 hospitals expected to open over the next several years. ACADIA 2021 Conference is held online, between November 3-6. By using this website without changing your cookie settings in your browser, you agree to our use of cookies. Thanks and welcome and for the question. Okay. Just maybe first to delve in a little bit more on the pricing for the back half of the year and year ahead. Great. Methadone continues to be the gold standard for treatment and we continue to provide buprenorphine as well. While not all markets are the same, on an overall basis, the labor environment continues to show signs of improvement, positioning the company for continued stability in wage growth moderation over the remainder of the year. I'll first provide you with our safe harbor before turning the call over to our Chief Executive Officer, Chris Hunter. Sure. We have included certain financial measures in this press release, including those listed below, which are non-GAAP financial measures as defined under the rules and regulations promulgated by the SEC. Acadia Realty Trust to Present at NAREIT's REITweek - Business Wire Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive. I would think about it consistently with the sequential trends that we've seen. We're seeing much more direct visibility into the second half of the year. (d) Represents the income tax effect of adjustments to income based on tax rates of 25.0% and 25.9% for the three months ended June 30, 2023 and 2022, respectively, and 25.0% and 25.6% for the six months ended June 30, 2023 and 2022, respectively. Acadia Realty Trust to Announce Second Quarter 2023 Earnings on August Click here to contact Investor Relations. ACADIA | 2020 Conference | Home Yes. ACADIA Pharmaceuticals Earnings Date and Forecast 2023 (NASDAQ:ACAD) Free Trial Most-Upgraded Stocks NASDAQ:ACAD ACADIA Pharmaceuticals (ACAD) Earnings Date, Estimates & Call Transcripts $29.16 -0.44 (-1.49%) (As of 07/26/2023 ET) Compare Today's Range $29.02 $29.61 50-Day Range $21.88 $33.47 52-Week Range $13.73 $33.99 Volume 971,940 shs Congrats on an excellent quarter and Heather welcome to the team. Tickets are now LIVE to the ACADIA 2023 conference Habits of the Anthropocene: Scarcity and Abundance in a Post-Material Economy which will be held in person in Denver, CO from October 26-28th, 2023. Our measurements of these non-GAAP financial measures may not be comparable to similarly titled measures of other companies. For our fourth pathway, we continue to look for acquisitions that advance our growth strategy. We expect to add a total of approximately 300 beds in 2023, consists with prior years. Can you flesh out the drivers of the sequential decline? (c) During the second quarter of 2023, we recorded non-cash impairment charges totaling $8.7 million related to the closure of certain facilities. University of Colorado Denver, College of Architecture and Planning, Jake Jabs Center for Entrepreneurship, Denver, United States. Develop and improve features of our offerings. And as I think you can tell from the execution that weve seen just in the last few weeks and announcing two JVs in an M&A deal, we continue to be extremely focused on the core business and continuing to advance the company and all the things that we laid out on our Investor Day. The webcast of the conference call will be available for 30 days. I mean clearly, the Mental Health Parity Act was put in place all the way back in 1996. Association for Computer Aided Design in Architecture So those are just some of the broader things. Earnings Flash (ACHC) ACADIA HEALTHCARE COMPANY Reports Q2 EPS $0.92, vs. Street Est of $0.86. Hi, good morning. TECHNICAL PAPER SUBMISSIONS Submissions have closed PROJECT SUBMISSIONS Submissions have closed FIELD. In addition, we have seasonality in the payroll taxes that we see that come through in the first quarter of every year. Thanks for the question. I mean, clearly, as we continue to roll out the EMR across all of our acute facilities, we'll continue to see greater efficiencies. And then on the CTC side, I mean we just continue working very closely with our patients to ensure that they have visibility as to whether there could be some disruption. Acadia Realty Trust Will Present at the Citi 2023 Global Property CEO Conference PDF Version RYE, N.Y.--(BUSINESS WIRE)--Mar. Throne of Charlemagne, Aachen, North Rhine-Westphalia - YouTube I mean those are addressed according to the geographic markets, the performance job categories, et cetera. To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research. Through the patient safety initiatives that we've implemented over the last 12 months, we are pleased with our progress and have seen positive results in patient care and fewer patient incidents. And then we alluded in the prepared remarks to some of the remote monitoring software that we've been able to put in place that also has proven some really strong benefits to our patients as well. ACADIA 2023: Habits of the Anthropocene, University of Colorado Denver \\ Denver, CO \\ October 26-28, 2023. It's engaging these chronic members of these chronic patients in treatment, particularly in the early stages where their addiction is more pronounced and continuing to engage them in that treatment as they as their treatment evolves over a period of time. 03/06/23. But first, on Turning Point, we feel great about the ability to announce this transaction. Acadia Realty Trust (NYSE:AKR) ("Acadia" or the "Company") will release its second quarter 2023 earnings on Tuesday, August 1, 2023, after market close. Okay. Adjustments to income for the second quarter of 2023 include transaction-related expenses loss on impairment and the related income tax effect. These new hospitals will expand our acute service line into two additional states, New Hampshire and Iowa. When you talk about 7.5% going to the 6.3%? Scholarship info ACADIA 2023: HABITS OF THE ANTHROPOCENE Our network of CTCs also continues to expand and we opened two new CTC locations in the second quarter. Please go ahead. Before we end the call, I just want to again thank our committed facility leaders, clinicians and approximately 23,000 dedicated employees across the country who have continued to work tirelessly to meet the needs of our patients in a safe and effective manner. As we have demonstrated in our other joint ventures, we will combine our expertise with the experience and established market presence of these leading providers to develop and provide quality behavioral health care services in their respective communities. Meals and Coffee Breaks at the Conference site (see website for schedule [coming soon]), Social Media: #acadia2023 #acadiaorg #acadiaconf #hybridsandhaecceities, Facebook: http://www.facebook.com/ACADIAconference. q2 2023 acadia pharmaceuticals earnings conference call. Yes. That gives us an opportunity to be proactive and to reach out to these patients in advance of potentially being removed from the Medicaid roles, and weve seen that working really well. Thanks. So that really was a deciding factor for us on this transaction. Maintaining independence and editorial freedom is essential to our mission of empowering investor success. So clearly, CMS is encouraging a number of states to just slow the process down. Management will conduct a conference call on Wednesday, August 2, 2023, at 11:00 AM ET to review the Company's earnings and operating results. I'm Gretchen Hommrich, Vice President of Investor Relations for Acadia. . [Operator Instructions] Our first question comes from Andrew Mok with UBS. Corporate Update - April 2023. ACADIA 2023 Conference, University of Colorado Denver, College of We are evaluating all legal options and intend to challenge the verdict. And I would point to some of the Kaiser Family Foundation data that came out early this month that said the three million people that have been disenrolled for Medicaid since redetermination began in April. These forward-looking statements are made only as of the date of this press release. We continue to see some pretty wide variation in terms of the way that states are handling redetermination. Im Gretchen Hommrich, Vice President of Investor Relations for Acadia. Hi, good morning. Acadia Realty Trust at Citi 2023 Global Property CEO Conference. And the opportunities that weve identified have led us to really point to 4% to 6% growth expectation for 2023. But I think we are doing a really good job of helping payers understand the acuity of our patients, the quality of care that we're providing, the inflationary impact on wages and we're coming very prepared to those meetings and leveraging the strong partnerships that we built over a multiyear period with our payers to continue to achieve really strong rates. It sounds like you're feeling a little better about the sustainability of at least the level you're at now. Thanks for taking my question. (b) Represents transaction-related expenses incurred by Acadia primarily related to termination, restructuring, management transition, acquisition and other similar costs. Please go ahead. We have a growing pipeline of potential joint venture partners and we'll continue to pursue this important growth pathway in 2023 and beyond. We are pleased with the growth trajectory of our business with solid performance across all service lines. 4 Big Themes From the ANA's 2023 Digital and Social Media Conference I would say on our RTC service line, those children are increasingly protected because 80% of Medicaid patients are awards of the state. In accordance with the accounting guidance, we have maintained our professional liability reserves related to this matter, consistent with the amounts recorded in prior periods. For our second pathway, were making good progress towards our plan of accelerating wholly-owned de novo hospital growth. MT. Acadia has significant opportunities to deliver high-quality care to our patients and sustainable value to our stockholders, and I'm excited to partner with Chris and the management team to further enhance our scope of services and extend our market reach. At this time, I would like to turn the conference call over to our Chief Executive Officer, Chris Hunter, for opening remarks. Provide specific products and services to you, such as portfolio management or data aggregation. We are proud of the important work we are doing and extremely grateful for our dedicated employees who continue to provide safe, quality patient care for those seeking treatment for mental health and substance use issues., Strategic Investments for Long-Term Growth. And I would say were still very much tracking there. Virginia and Tennessee would be examples there. ACADIA 2023 Conference - AllEvents.in 4 Big Themes From the ANA's 2023 Digital and Social Media Conference. Thank you all for being with us this morning and for your interest in Acadia. We broke that out between CapEx and OpEx. Have a great day, everyone. Acadia' s management team will also host a conference call and webcast on February 27, 2023, at 4:30 p.m. Eastern Time to discuss financial results and operations. We remain focused on maintaining a strong financial position, providing us the flexibility and access to capital to support our organic growth strategy and future investments. Were seeing some patients moving to self-pay in a few cases. Thanks. And so we feel great about that and the transparency that we're beginning to see. The non-GAAP financial measures presented herein are not measures of our financial performance under GAAP and should not be considered as alternatives to net income or any other performance measures derived in accordance with GAAP or as an alternative to cash flow from operating activities as measures of our liquidity. Admittance to all Plenary Sessions, Keynote Lectures, Exhibition Opening, Final Banquet, 3. Okay. Jul. I mean I think you've been sort of identifying some field-level initiatives around cost management, specifically, maybe standardization opportunities in the back office, IT, administrative functions. Acadia Healthcare to Participate in BofA Securities Healthcare Conference Regarding our third growth pathway, we are extremely proud of our work across the country with our joint venture partners, and we continue to expand this strategic network. . These factors and others are more fully described in Acadias periodic reports and other filings with the SEC. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. Given our scale and expertise, Acadia is uniquely positioned to help meet this critical demand. With that, operator, we're ready to open the call for questions. So Heather, do you want to speak to the start-up loss question? $54 billion, again, have been allocated, only about $3 billion of the total settlement funds have been dispersed to this date. When you talk about wage inflation, how are you defining that? But clearly, this will accelerate into 2024 and well into 2025 as well. Turning Point Centers provides a full continuum of treatment services, including residential, partial hospitalization and intensive outpatient services. FRANKLIN, Tenn., (BUSINESS WIRE) -- Acadia Healthcare Company, Inc. (NASDAQ: ACHC) today announced that the Company will participate in the BofA Securities 2023 Healthcare Conference, May. During the second quarter of 2023, the Company continued to make progress in meeting its strategic growth objectives with the following accomplishments across its defined five growth pathways: Acadia has continued to maintain a strong financial position with sufficient capital to make strategic investments in its business. Please disable your ad-blocker and refresh. But we have been successful in applying for and receiving funds early on. ACADIA. Acadia Healthcare Company, Inc. ( NASDAQ: ACHC) Q2 2023 Earnings Conference Call July 28, 2023 9:30 AM ET Company Participants Gretchen Hommrich - Vice President-Investor Relations Chris. Acadia Healthcare Reports Second Quarter 2023 Results and Raises 2023 Guidance, Company Signs Definitive Agreement for Acquisition of Specialty Provider. August 2, 2023 at 4:30 PM EDT. Please go ahead. (a) Represents the equity-based compensation expense of Acadia. The upcoming conference calls for the examination of suppressed voices, indigenous and feminist thinking and queer theory, all of which bring a new dimension to utopianism, capitalism and consumerism. Acadia Pharmaceuticals to Announce Second Quarter Financial Results on We look forward to working together with these premier health systems to provide needed quality behavioral health care in their respective markets. And let me take those one at a time. 2023 StayHappening.com. But I think the point I would want to make is that we are already seeing the benefit to date on the patient engagement side and on the employee engagement side and also just with these surveyors and regulators already. The upcoming conference calls for the examination of suppressed voices, indigenous and feminist thinking and queer theory, all of which bring a new dimension to utopianism, capitalism and consumerism. The College of Architecture and Planning will host the 2023 ACADIA Conference October 21-28. You may now disconnect. A detailed schedule is found under the "Schedule" tab above. Forward-looking statements are based on current expectations and involve risks and uncertainties and our future results could differ significantly from those expressed or implied by our forward-looking statements. Weve been working on redetermination since late last year and continued to just be a really major focus for the company across all of our service lines. As a reminder, the company's guidance does not include the impact of any future acquisitions, divestitures, transaction-related expenses or the recognition of additional provider relief fund income. Our investment in electronic medical records for example, is focused on improving clinical standardization, workflow, clinician experience and ultimately, the quality and efficiency of the care we deliver for our complex patients. I guess, Heather, my first question, as I think about Q3, historically pre-COVID there was seasonality in the business, largely driven by the RTC business, but it has gotten smaller. We are seeing improvements in the labor trends and we would expect to see that to continue. Je kunt je keuzes te allen tijde wijzigen door te klikken op de links 'Privacy- en cookie-instellingen' of 'Privacydashboard' op onze sites en in onze apps. Learn more about our FDA-approved treatments for Parkinsons Disease Psychosis and Rett syndrome. ACADIA 2023 Membership and exclusive website access, 2. 27. Critically examining these ideas is an essential component of imagining a future beyond the statuesque. Hi. Sure. At Acadia, we provide resources to further advance the innovative work of industry leaders, strategic partners and rigorous clinicians. We really have an outstanding platform for growth and value creation and the momentum in the business right now reinforces our confidence in the future and the work that you all do every day. All of which bring a new dimension to utopianism, capitalism and consumerism. On our specialty service line, those Medicaid recipients are also protected due to the unique county-level backstop funding that we have in place for patients in Pennsylvania where we have most of our specialty Medicaid volume. Notably, we achieved strong patient day growth of 4.9% and revenue per day growth of 6.1%, which is supported by favorable rate increases across our service lines, including CTC, markets and payers. A Deep Dive Into Self Love, Eastern Astrology & The 7 Human Challenges. And as of July 1, every one of our states except for Oregon is now launched. Acadia today increased its previously announced financial guidance for 2023 for the following: The Company affirmed the previously announced financial guidance for the following: The Companys guidance does not include the impact of any future acquisitions, divestitures, transaction-related expenses or recognition of additional income from the CARES Act. Good morning, guys. And I wondered if I'm hearing that right? Conference chairs - ACADIA 2023: HABITS OF THE ANTHROPOCENE CONFERENCE CHAIRS SITE CO-CHAIR ASSIA CRAWFORD Assistant Professor in Technology, Department of Architecture, University of Colorado Denver Gretchen Hommrich Add to Google Calendar. I mean, you're probably referring to the Biden administration's recent efforts here to ensure that they're going to put out these proposed rules that impact how payers demonstrate mental health parity to federal regulators. So all in all, Id say its still early. Please refer to our press release for all other metrics that we affirmed. As noted in our press release, we are increasing our financial guidance for the full year, which includes revenue now in a range of $2.86 billion to $2.9 billion, adjusted EBITDA now in a range of $655 million to $685 million and adjusted and adjusted earnings per diluted share in a range of $3.25 to $3.50. We are focused on accelerating the expansion of our network of 153 CTCs in 32 states with the goal of adding at least six CTCs in 2023. Chris, maybe just to start, just a strategic question. Why don't I take Turning Point, and I'll let Heather just speak to the start-up loss question that you have. Additionally, early in the third quarter, we opened a 96-bed hospital with our joint venture partner, Bronson Healthcare in Battle Creek, Michigan and another 96-bed hospital with our partner, Geisinger Behavioral Health Center Northeast in Moosic, Pennsylvania. Our labor costs were in line with our expectations. Were still working through that. Within this call we ask scholars to embrace uncertainty through digital and manual forms of making, engagement with virtual and physical spaces and artistic and scientific endeavors that span multiple disciplines and weave together old and new knowledge. This year's conference theme is Habits of the Anthropocene: Scarcity and Abundance in a Post-Material Economy. You had, I think, back in February when you gave the fourth quarter release, there have been some discussion, and it actually created a little bit of confusion that the company was at least baking into guidance at that point, the possibility of a moderation in pricing in the back half of the year as pricing has been pretty robust. Within this call we ask scholars to embrace uncertainty through digital and manual forms of making, engagement with virtual and physical spaces and artistic and scientific endeavours that span multiple disciplines and weave together old and new knowledge. Were on schedule to open a newly renovated 101-bed adult hospital and outpatient facility, which is part of the Montrose Behavioral Health Hospital in Chicago, Illinois as well as an 80-bed inpatient hospital, Coachella Valley Behavioral Health in Indio, California. So you have some states that are scheduling members really early in the unwind period like Florida. And there were a number of things that we have had ongoing. 's question; with pricing gets continuing mid-single digits in the back half of the year, that would make sort of over two years with pricing tracking at mid- or above mid-single-digit range. Admittance to all Plenary Sessions, Keynote Lectures, Exhibition Opening, Final Banquet, 3. Thanks, Chris, and good morning, everyone. Gear advertisements and other marketing efforts towards your interests. You may also like the following events from ACADIA: Tickets for ACADIA 2023 Conference can be booked here. And I think overall, just given how paper-intensive this industry has been we just know that we're going to continue to see back office improvement as time goes on as well. And if you all have any questions at all, please do not hesitate to contact us directly into follow-up.
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