Medication Nation

This is a new site created to help advocate for clients of abusive mental health care practices. Currently the campaign is under way to levvy more serious penalties against a specific mental health facility in South Sacramento, California. However we expect to expand on the general topic of mental health once the SVH issue has been fully confronted.

If you are just arriving here from sacbee.com please take a moment to sign up on this site and send me an email in order to get more involved. You can get involved in several ways: writing your own personal blog on this site, participating in the forums with discussions, or taking action both online and in person. (More information about some of these soon to come.) I am also looking forward to starting a protest rally in the very near future, so if you would like to participate please email or comment with your ideas.

admin@medication-nation.com

Thanks for stopping by and please check back again! More information is soon to come, and very fast!

Links to read about PSI Psychiatric Solutions:

PSI Psychiatric Solutions, Inc. website

Read more about their Annual Investment Summaries for information on what this corporation thinks about "mentally ill" Americans:

2006 Annual Summary
2007 Annual Summary

Some Quotes:

According to the most recent data available from the National Association of Psychiatric Health Systems’ 2005 Annual Survey, an estimated 26% of the U.S. general population suffers from a diagnosable mental disorder in a given year. Based on the 2000 U.S. census issued in 2002, this figure translates to approximately 73 million Americans.

Thanks right folks, 73 MILLION Americans will suffer from abuse, mistreatment and potentially fatal care from this corporation of mental health facilities.

As we have grown our business, we have focused on diversifying our sources of revenue. For the year ended December 31, 2007, we received 32% of our revenue from Medicaid, 13% from Medicare, 33% from HMO/PPO, commercial and private payors, 16% from various state agencies and 6% from other payors. As we receive Medicaid payments from more than 40 states, we do not believe that we are significantly affected by changes in reimbursement policies in any one state. Substantially all of our Medicaid payments relate to the care of children and adolescents. We believe that children and adolescents are a patient class that is less susceptible to reductions in reimbursement rates. For the year ended December 31, 2007, no single inpatient facility represented more than 3% of our revenue.

That's right, this corporation bilks millions of dollars from our State and Federal health care agencies, with a total net profit of 61% from Medicare, Medicaid and State agencies. If your tax dollars are important to you, look at the following articles to see how they are being spent.

We generate consistent free cash flow by profitably operating our business, actively managing our working capital and having low maintenance capital expenditure requirements. As the behavioral health care business does not require the procurement and replacement of expensive medical equipment, our maintenance capital expenditure requirements are less than that of other facility-based health care providers. Historically, our maintenance capital expenditures have amounted to approximately 2% of our revenue. In addition, our accounts receivable management is less complex than medical/surgical hospital providers because there are fewer billing codes for inpatient behavioral health care facilities.

While reading the following articles from the Sacramento Bee keep in mind the above quoted statement that "the behavioral health care business does not require the procurement and replacement of expensive medical equipment". You will find the often cited excuse for a lack of necessary and essential medical equipment as being none! They have no requirements, and therefore they have no obligation to their patients. Also notice that their "operation costs" are only a total of 2%, this means that under staffing, poor maintenance of facilities and poor quality care are built in to the management plan that this company prides itself upon. In the last quarter PSYS reported a total net revenue statement of $451 million dollars, that means only $9 million went towards maintenance of facilities and care for the last quarter, information which isn't even reported.

Here is a sweet little investor video I found encouraging individuals to invest in this company:

Tell me this does not offend you if you have ever been in a PSI facility.