Mission Statement, Vision, & Core Values (2024) of Acadia Healthcare Company, Inc. (ACHC).

An Overview of Acadia Healthcare Company, Inc. (ACHC)

General Summary of Acadia Healthcare Company, Inc. (ACHC)

Acadia Healthcare Company, Inc. (ACHC) is a leading provider of behavioral healthcare services in the United States. Founded in 2005, Acadia has grown significantly, currently operating over 240 facilities across 38 states and Puerto Rico. The company specializes in inpatient psychiatric care, outpatient psychiatric care, and substance abuse treatment. As of 2024, Acadia has positioned itself as a vital player in the behavioral healthcare sector, focusing on meeting the increasing demand for mental health and addiction services.

In 2024, Acadia Healthcare's sales revenue reached approximately $2.38 billion, marking a significant increase from previous years. The company continues to enhance its service offerings, which now include a range of programs addressing various mental health conditions and substance use disorders.

Company's Financial Performance in the Latest Financial Reports

As reported for the three months ending September 30, 2024, Acadia Healthcare achieved a revenue of $815.6 million, an increase of 8.7% compared to $750.3 million for the same period in 2023. This growth is attributed to an increase in same facility revenue, which rose by 8.6%, driven by a 3.6% increase in revenue per patient day and a 4.7% growth in patient days.

For the nine months ended September 30, 2024, total revenue was reported at $2.38 billion, reflecting an increase of 8.9% from $2.19 billion in the same period of the prior year. The same facility revenue growth was 8.7%, attributed to a 5.3% increase in revenue per day and a 3.2% growth in patient days.

During the third quarter of 2024, Acadia reported a net income of $71.4 million, a significant turnaround from a net loss of ($215.5 million) in Q3 2023. The provision for income taxes was $27.2 million, reflecting an effective tax rate of 27.6%.

Introduction to Acadia Healthcare as a Leader in the Industry

Acadia Healthcare has established itself as a leader in the behavioral healthcare industry, capitalizing on the growing demand for mental health services. The company operates a diverse portfolio of facilities, providing specialized care that addresses various mental health and substance use issues. Acadia's strategic growth initiatives include expanding its service offerings and enhancing the quality of care, making it a preferred provider in the behavioral health sector.

With a commitment to patient-centered care and a robust operational framework, Acadia Healthcare is uniquely positioned to continue its leadership in the industry. Investors and stakeholders are encouraged to explore further details on Acadia's operations and financial performance to understand the driving factors behind its success.

Mission Statement of Acadia Healthcare Company, Inc. (ACHC)

Mission Statement of Acadia Healthcare Company, Inc. (ACHC)

Acadia Healthcare Company, Inc. (ACHC) has a clear mission statement that emphasizes its commitment to providing high-quality, cost-effective behavioral healthcare services. The mission statement serves as a guiding principle for the company’s operations and strategic decisions, ensuring alignment with long-term goals and objectives.

Core Components of the Mission Statement

1. Commitment to High-Quality Care

Acadia Healthcare is dedicated to delivering high-quality care to its patients. This commitment is reflected in the company’s operational strategies and performance metrics. For the three months ended September 30, 2024, Acadia reported revenue of $815.6 million, an increase of 8.7% compared to $750.3 million for the same period in 2023. This growth is attributed to enhanced patient care services and an increase in patient admissions.

2. Cost-Effective Behavioral Healthcare Services

The company focuses on providing cost-effective services, which is crucial in the behavioral healthcare sector. For the nine months ended September 30, 2024, Acadia's total revenue reached $2.38 billion, marking an 8.9% increase from $2.19 billion in 2023. This financial performance demonstrates Acadia’s ability to balance quality care with cost management, making it a competitive provider in the market.

3. Community Engagement and Support

Acadia Healthcare emphasizes the importance of serving the communities where it operates. The company currently operates 260 behavioral healthcare facilities with approximately 11,300 beds across 38 states and Puerto Rico. The expansion of services includes the addition of 275 beds in the nine months ended September 30, 2024, showcasing Acadia's ongoing commitment to meeting the needs of its communities.

Acadia Healthcare’s mission statement reflects its strategic focus on high-quality, cost-effective care while engaging with the communities it serves. The company's financial performance and operational metrics underscore its commitment to these core principles, positioning it as a leader in the behavioral healthcare sector.

Vision Statement of Acadia Healthcare Company, Inc. (ACHC)

Vision Statement Overview

The vision of Acadia Healthcare Company, Inc. (ACHC) focuses on becoming the leading provider of behavioral healthcare services across the United States. This vision underscores the company's commitment to enhancing the quality of life for patients through comprehensive and compassionate care.

Commitment to Quality Care

Acadia Healthcare aims to deliver high-quality behavioral healthcare by integrating advanced treatment methodologies and a compassionate approach. In the three months ended September 30, 2024, Acadia recorded a revenue of $815.6 million, showing an increase of 8.7% from $750.3 million in the same period in 2023.

The company operates 260 facilities with approximately 11,300 beds, providing a broad spectrum of services including acute inpatient psychiatric care, residential treatment, and outpatient services.

Geographic Expansion

Acadia's vision includes expanding its footprint to meet the growing demand for behavioral healthcare services. As of September 30, 2024, the company operates in 38 states and Puerto Rico, having added 275 beds during the nine months ended September 30, 2024.

This expansion strategy is supported by Acadia's revenue growth, which reflects an increase in patient days by 4.7% and admissions growth of 2.0% during the same period.

Innovative Treatment Approaches

Acadia Healthcare is committed to employing innovative treatment approaches to address diverse patient needs. The company reported that revenue per patient day grew by 3.6% in the third quarter of 2024 compared to the prior year. This increase reflects the effectiveness of Acadia's treatment methodologies and its focus on patient-centered care.

Financial Performance

Acadia's financial performance is indicative of its strategic vision. For the nine months ended September 30, 2024, the company achieved total revenue of $2.38 billion, up from $2.19 billion in 2023, marking a growth of 8.9%.

The net income attributable to Acadia Healthcare for the same period was $222.997 million, a significant recovery from a net loss of $79.396 million in the previous year.

Table: Acadia Healthcare Financial Performance Summary

Focus on Staff Development

Acadia Healthcare recognizes that skilled and compassionate staff are essential to achieving its vision. The company reported salaries, wages, and benefits expenses of $428.1 million for the three months ended September 30, 2024, reflecting a commitment to investing in human resources.

Equity-based compensation expense amounted to $9.5 million in Q3 2024, further demonstrating Acadia's focus on attracting and retaining top talent.

Community Engagement

Acadia's vision also emphasizes the importance of community engagement and support. The company is committed to providing accessible care to diverse populations, with a significant portion of its revenue derived from Medicaid, which represented 55.7% of total revenue in Q3 2024.

This commitment to community health is vital as Acadia continues to navigate the challenges of a tight labor market and increasing demand for services.

Core Values of Acadia Healthcare Company, Inc. (ACHC)

Integrity

Integrity is a fundamental core value at Acadia Healthcare Company, Inc. (ACHC). It reflects the company's commitment to ethical practices, transparency, and accountability in all operations.

Acadia demonstrates its commitment to integrity through rigorous compliance programs and ethical training for employees. The company maintains a Code of Conduct that guides employees in ethical decision-making. In 2024, Acadia reported a 12.1% increase in income before income taxes, highlighting their effective management and ethical financial practices.

Compassion

Compassion signifies Acadia's dedication to providing care that emphasizes empathy and understanding for patients and their families. This value is crucial, given the sensitive nature of behavioral healthcare.

In 2024, Acadia expanded its services to include additional mental health support systems, resulting in a growth of patient days by 4.7%. The company actively engages in community outreach programs aimed at raising awareness about mental health issues, thus demonstrating its compassionate approach to healthcare.

Excellence

Excellence reflects Acadia's ongoing pursuit of high-quality care and operational efficiency. The company strives to exceed industry standards in patient care and facility management.

As of September 30, 2024, Acadia operated 260 behavioral healthcare facilities, an increase from the previous year, showcasing its commitment to expanding access to quality care. The company reported a revenue increase of $65.3 million, or 8.7%, for the third quarter of 2024, underscoring its operational excellence.

Teamwork

Teamwork emphasizes the collaborative effort among employees to achieve common goals in patient care and organizational success. Acadia fosters a culture of teamwork to enhance service delivery.

In 2024, Acadia reported a salaries, wages, and benefits expense of $428.1 million, reflecting investment in its workforce. The company encourages interdisciplinary collaboration through regular training and team-building activities, which have contributed to improved patient outcomes and employee satisfaction.

Innovation

Innovation is a core value that drives Acadia to adopt new technologies and practices in behavioral healthcare. This commitment ensures that the company remains at the forefront of industry advancements.

Acadia has invested significantly in technology, with $486.9 million allocated for capital expenditures in 2024, aimed at enhancing facility capabilities and patient care. The introduction of telehealth services has expanded access to care, particularly during the COVID-19 pandemic, demonstrating Acadia's innovative spirit.

Article updated on 8 Nov 2024

Resources:

• Acadia Healthcare Company, Inc. (ACHC) Financial Statements – Access the full quarterly financial statements for Q3 2024 to get an in-depth view of Acadia Healthcare Company, Inc. (ACHC)' financial performance, including balance sheets, income statements, and cash flow statements.
• SEC Filings – View Acadia Healthcare Company, Inc. (ACHC)' latest filings with the U.S. Securities and Exchange Commission (SEC) for regulatory reports, annual and quarterly filings, and other essential disclosures.