Each market that we do business in has a cross-section of psychiatric services that include free-standing psychiatric hospitals and psychiatric programs in med/surg hospitals. Las Vegas, NV and Salt Lake City, UT have the lowest number of beds relative to their population base.
This Seeking Alpha interactive Q & A is now closed for further questions. Thank you very much to Bruce Shear of Pioneer Behavioral Health, and to our readers who participated.
Thank you for your question. All of the national tragedies that you mention have further brought to the national forefront the mental health crisis in America. These events have caused government agencies, major employers and insurance companies to strengthen their commitment to providing adequate reimbursement to treat those suffering from mental health ailments. I mentioned in the past that our national parity act is moving through the legislative branches and we are hopeful a bill will be signed by the president soon.
Thank you for your question. When our Las Vegas hospital opens, we will be operating the most comprehensive behavioral health delivery network in the Las Vegas market. With our outpatient clinics and hospital, we can successfully be the one-stop behavioral health provider and meet all the needs of any major insurer or employer. In regard to the Detroit market, we continue to be presented with additional opportunities to expand our delivery network. Detroit is a unique market and we are methodically evaluating each business opportunity before execution. When these projects become operational, our company should be approximately double the size it was 6/30/06.
Could you please talk about the strength of your competetive position in your core detroit and las vegas markets. How do you see this evolving? At what approximate revenue run rate do you see your company after the completion of your planned new facility openings? What gives you confidence that the new openings will be a success? Thanks in advance.
Thank you for your questions. Our competitors are different in each market, as are the barriers to entry. Our competitive advantage is our longevity in this business, as well as being identified as the highest quality, most customer service oriented company in each market.
Thank you for your question. We don't give guidance on our margins. In regard to leverage, we do anticipate and are beginning to experience the benefits of leverage as a result of Pioneer's growth in Nevada's managed care business and would anticipate additional leverage when our Seven Hills Hospital opens.
Thank you for your question. We are very optimistic about the passage of the parity act this year. Both the senate and house version are being aggressively pushed forward with a strong contingency from both parties.
Approval of this legislation will provide even further recognition that mental health issues in this country need to be addressed and adequately reimbursed, therefore, continuing to increase the demand for our services.
Noah:
Thank you for your question. The behavioral health industry in general is experiencing strong growth, due to improved recognition of mental health issues, improved reimbursement and short supply. Our company is a major player in both the inpatient, outpatient and managed care segments of this growing market.
Thanks for taking our questions, Bruce. 3 related questions, if I may:
1. Which companies do you view as your main competitors, and of them who are you most nervous about and why?
2. What are your main competitive advantages?
3. How high are the barriers to entry in your business?
Hi Bruce, thanks for doing this interview. Can you talk about your margins -- what do they look like for different kinds of services, and is there much leverage in your model as you grow?
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Editors
General Discussion on PHC
Is this a buy or a sell? ReplyShear, CEO
Pioneer
Behavioral
Health
Interactive Q&A: Bruce Shear, President and CEO of Pioneer Behavioral Health (PHC) [view article]
Dear Frank:Each market that we do business in has a cross-section of psychiatric services that include free-standing psychiatric hospitals and psychiatric programs in med/surg hospitals. Las Vegas, NV and Salt Lake City, UT have the lowest number of beds relative to their population base.
Editors
Interactive Q&A: Bruce Shear, President and CEO of Pioneer Behavioral Health (PHC) [view article]
This Seeking Alpha interactive Q & A is now closed for further questions. Thank you very much to Bruce Shear of Pioneer Behavioral Health, and to our readers who participated.~ The Seeking Alpha Team
Interactive Q&A: Bruce Shear, President and CEO of Pioneer Behavioral Health (PHC) [view article]
Bruce, thanks for answering my questions above. Can you be more specfic about competitors than "Our competitors are different in each market"?Shear, CEO
Pioneer
Behavioral
Health
Interactive Q&A: Bruce Shear, President and CEO of Pioneer Behavioral Health (PHC) [view article]
Josh:Thank you for your question. All of the national tragedies that you mention have further brought to the national forefront the mental health crisis in America. These events have caused government agencies, major employers and insurance companies to strengthen their commitment to providing adequate reimbursement to treat those suffering from mental health ailments. I mentioned in the past that our national parity act is moving through the legislative branches and we are hopeful a bill will be signed by the president soon.
Shear, CEO
Pioneer
Behavioral
Health
Interactive Q&A: Bruce Shear, President and CEO of Pioneer Behavioral Health (PHC) [view article]
Ali:Thank you for your question. When our Las Vegas hospital opens, we will be operating the most comprehensive behavioral health delivery network in the Las Vegas market. With our outpatient clinics and hospital, we can successfully be the one-stop behavioral health provider and meet all the needs of any major insurer or employer. In regard to the Detroit market, we continue to be presented with additional opportunities to expand our delivery network. Detroit is a unique market and we are methodically evaluating each business opportunity before execution. When these projects become operational, our company should be approximately double the size it was 6/30/06.
Editors
Interactive Q&A: Bruce Shear, President and CEO of Pioneer Behavioral Health (PHC) [view article]
Bruce,Are tragedies such as the Virginia Tech shooting, Hurricane Katrina, the Kansas Hurricanes and even 9-11 impacting your business?
Josh
Interactive Q&A: Bruce Shear, President and CEO of Pioneer Behavioral Health (PHC) [view article]
Hi Bruce,Could you please talk about the strength of your competetive position in your core detroit and las vegas markets. How do you see this evolving? At what approximate revenue run rate do you see your company after the completion of your planned new facility openings? What gives you confidence that the new openings will be a success? Thanks in advance.
Shear, CEO
Pioneer
Behavioral
Health
Interactive Q&A: Bruce Shear, President and CEO of Pioneer Behavioral Health (PHC) [view article]
Frank:Thank you for your questions. Our competitors are different in each market, as are the barriers to entry. Our competitive advantage is our longevity in this business, as well as being identified as the highest quality, most customer service oriented company in each market.
Shear, CEO
Pioneer
Behavioral
Health
Interactive Q&A: Bruce Shear, President and CEO of Pioneer Behavioral Health (PHC) [view article]
Ralph:Thank you for your question. We don't give guidance on our margins. In regard to leverage, we do anticipate and are beginning to experience the benefits of leverage as a result of Pioneer's growth in Nevada's managed care business and would anticipate additional leverage when our Seven Hills Hospital opens.
Shear, CEO
Pioneer
Behavioral
Health
Interactive Q&A: Bruce Shear, President and CEO of Pioneer Behavioral Health (PHC) [view article]
Joe:Thank you for your question. We are very optimistic about the passage of the parity act this year. Both the senate and house version are being aggressively pushed forward with a strong contingency from both parties.
Approval of this legislation will provide even further recognition that mental health issues in this country need to be addressed and adequately reimbursed, therefore, continuing to increase the demand for our services.
Shear, CEO
Pioneer
Behavioral
Health
Interactive Q&A: Bruce Shear, President and CEO of Pioneer Behavioral Health (PHC) [view article]
Noah:Thank you for your question. The behavioral health industry in general is experiencing strong growth, due to improved recognition of mental health issues, improved reimbursement and short supply. Our company is a major player in both the inpatient, outpatient and managed care segments of this growing market.
Interactive Q&A: Bruce Shear, President and CEO of Pioneer Behavioral Health (PHC) [view article]
Thanks for taking our questions, Bruce. 3 related questions, if I may:1. Which companies do you view as your main competitors, and of them who are you most nervous about and why?
2. What are your main competitive advantages?
3. How high are the barriers to entry in your business?
Interactive Q&A: Bruce Shear, President and CEO of Pioneer Behavioral Health (PHC) [view article]
Hi Bruce, thanks for doing this interview. Can you talk about your margins -- what do they look like for different kinds of services, and is there much leverage in your model as you grow?Editors
Interactive Q&A: Bruce Shear, President and CEO of Pioneer Behavioral Health (PHC) [view article]
Bruce: What is the status of the Mental Healthcare Parity Act? What does it mean for PHC?