My adopted son was seriously hurt by staff repeatedly while in different PSI facilities. His friend was killed in Virginia. Please take a moment to look at the information below.
PSI explains again and again on the above site how they increase profits by increasing by 4.6% “per patient days” at individual facilities. This means they are keeping pediatric patients 4.6% longer. Especially foster children, where parental rights have been removed. Those children never leave until the checks stop coming. Should PSI be bragging about keeping pediatric patients longer? Doesn’t that indicate PSI is becoming less successful at helping children get better? At a minimal cost of $650 per day, those extra 16 days a year really add up.
PSI averages 25% profit in an industry where the average profit margin is 6%. Great if you are an investor, not so great if you are one of their pediatric patients in danger and staying 4.6% more days than you would have the previous year.
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Second Thoughts about PSI
My adopted son was seriously hurt by staff repeatedly while in different PSI facilities. His friend was killed in Virginia. Please take a moment to look at the information below.
http://www.propublica.org/feature/psychiatric-hospital-pledged-change-but-some-problems-persist
http://www.boiseweekly.com/gyrobase/Content?oid=oid%3A164841
http://www.quickdfw.com/sharedcontent/dws/dn/latestnews/stories/011209proson2psi2.2a1fe07.html
http://archives.chicagotribune.com/2008/jul/17/nation/chi-riveredge_mainjul17
http://www.fiercehealthcare.com/story/psychiatric-solutions-gets-doj-subpoena/2008-08-01
http://www.citizen-times.com/apps/pbcs.dll/article?AID=200880301072
http://seekingalpha.com/article/65588-psychiatric-solutions-q4-2007-earnings-call-transcript
PSI Locations in US – http://www.psysolutions.com/facilities/index.html
http://articles.latimes.com/2008/nov/23/local/me-newpsi23
PSI explains again and again on the above site how they increase profits by increasing by 4.6% “per patient days” at individual facilities. This means they are keeping pediatric patients 4.6% longer. Especially foster children, where parental rights have been removed. Those children never leave until the checks stop coming. Should PSI be bragging about keeping pediatric patients longer? Doesn’t that indicate PSI is becoming less successful at helping children get better? At a minimal cost of $650 per day, those extra 16 days a year really add up.
PSI averages 25% profit in an industry where the average profit margin is 6%. Great if you are an investor, not so great if you are one of their pediatric patients in danger and staying 4.6% more days than you would have the previous year.
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