title: Fiscally challenged. Psychiatric industry's hope is in consolidation, focusing services.
abstract: Psychiatric hospitals are closing in droves. Last year alone, at least 75 were shuttered, up sharply from the previous year. And psych hospitals collectively lost $254 million in 1998. To reverse the sector's fortunes, providers are focusing on consolidation and specialty services. "Mental health isn't glamorous," says David Moulthrop (left), CEO of a Wisconsin psych hospital. "But there is a future, though the pie has shrunk."
authors.forename: A
authors.initials: A
authors.lastname: Saphir
mesh_terms: D005377:Financial Management, Hospital; D005382:Financing, Personal; D006778:Hospitals, Psychiatric / Q000191:economics / Q000458:organization & administration*; D007182:Income / Q000639:trends; D007349:Insurance, Health, Reimbursement / Q000639:trends; D008329:Managed Care Programs; D016344:Medicare Part A / Q000639:trends; D014481:United States