Latest / Becker's Healthcare Behavioral Health / Froedtert Health Closes Behavioral Health Unit; Missouri Lawmakers Approve $300M for Behavioral Health Hospital

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Froedtert Health Closes Behavioral Health Unit; Missouri Lawmakers Approve $300M for Behavioral Health Hospital · Becker's Healthcare Behavioral Health

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  This is Randy Homan with Becker's Behavioral Health Podcast.
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  Here's your industry news spree for Monday, May 20th. First,
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  fruited Health is closing its Behavioral Health Unit at its Menominee Falls
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  Hospital. Fruit is also freezing hires and experiencing very thin margins.
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  Last year's fiscal report reported a 1% operating margin
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  last year fro Menominee Falls Hospital reported 800 psychiatric
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  admissions. Second,
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  executive Vice President and President of Behavioral Health at Universal Health
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  Services.
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  Matthew Peterson is the fifth highest paid executive at uhs.
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  He began leading his behavioral health division four years ago.
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  Last year he was paid
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  $2,711,545.
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  This is a 1.2 million decrease from 2021 when, uh,
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  S'S net income dropped. Third,
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  Missouri legislators approved 300 million for a new state behavioral health
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  hospital. However, governor Mike Parson has not yet signed it.
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  The new facility would replace the Center for Behavioral Health in Kansas City,
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  Missouri. It would use a portion of the State's 50 billion budget.
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  The governor did not request funding for the facility.
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  The legislation was introduced late in the state session. If approved,
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  the state and University Health Kansas City Hospital would each operate 100
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  beds. It would also include an emergency crisis department.
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  Thanks for listening.
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