quarter Gretchen. here David today thank with and Thank for other morning members call. and today Duckworth; management conference you being our executive for Good you, with team. everyone Chief Officer, fourth XXXX I'm us Financial our of
some our XXXX and financial about operating provide the remarks for and guidance of I fourth XXXX. for will quarter David and performance
questions. Following our open for comments, we'll line the your
you in and It great your we're Carnegie we in held event In support. webcast. New first at us was York our and person of that many and December, appreciative Hall our a appreciate ever Day Investor through so we joined
presented XXXX that favorable results I'm with metrics. the our demonstrate results we strategy fourth to quarter pleased we're our across performance executing to key on that start and say
have continue strong health to to those year, services. We past the continued our to behavioral the business, need clinicians we mental meet dedicated needs employees across tirelessly team care for demand use and of issues. robust our operations for to momentum and health of see worked substance commend who treatment in our Throughout reflecting seeking our
facilities strong to and quality Our patients network our our serve care. XXX ability our safe, Acadia's with effectively across operate results reflect
quarter, with to our positive days an patient business day the and patient including During the fourth X.X% see increase in in of in revenue in with compared an of our quarter continued facility X.X% we trends fourth increase revenue same increase an XXXX X.X%. of of per
we finish a set marked us fourth believe for up XXXX. and XXXX results Our quarter well to strong
are to foundation populations work health behavioral We to proud order support patient build a has to for created during upon a difference of make more time demand our of important a services. in unprecedented vitally positive expanding Acadia care communities. in strong
Indiana study that emergency for XXXX that have found injuries and problems XX% frequently physical who use University mental recent of department also and A substance approximately patients health from visit overlooked. are the ailments
needed. med-surg Acadia to desperately where bringing experience across our country, strong relationships and they expertise with has established markets hospitals are the
social behavioral greater officials. of have acceptance treatment priority issues of health mental and awareness made care professionals a fortunately, medical health And health government with and care broader
care this behavioral to the leader providing critical need services as in societal address continuum. Acadia well-positioned a health care is across
our advance the we across service our growth continued to During quarter of fourth of objectives lines. XXXX, each
related our the five pathways this will update reach. distinct market growth to we during we've the to our quarter. enable and on company demand accomplishments pathways I'll you previously fourth five these believe As our shared, briefly meet extend
half expand allows and staff. services growth existing finishing bed added performance quarter, to fourth markets total for the during additions bringing facilities number year. our We of strong and existing efficiently XXX additions infrastructure facility primary second experienced On our with the us bed year remains the as first our XXX to a by a pathway pathway, to established XX expansions beds of the in utilizing our driver this with
Looking in add expansions through XXXX. expect XXX ahead, facility beds to we approximately
of will to first the XXXX volume open the in the and are company. outlook an the of year to bed additions contribute many Importantly, for growth in expected accelerating half
year hospital. that first is A In Health help Hospital novo of develop gap underserved operations second community in XX-bed de our stage per facility open We need. Chicago. owned this adult novos as our Health XXX-bed the XX-bed to Montrose important Coachella facility healthcare growth wholly pathway year and XXXX, markets Indio opened to for a look our on de pace of opening per meet behavioral outpatient our we're Montrose identify services critical Behavioral to later and the Valley It's California year. hospital, from XXXX, this children's in forward the one in Behavioral in facilities two an increasing to we track bridge
to to novo will This facility health older serve and adolescent care surrounding hospital behavioral adult, residence of open a excited Agave in child a Hospital de XXX-bed Arizona continuum XXXX. full Behavioral behavioral adult, the of inpatient for slated Ridge Mesa, We're services offer announce acute that patients. is will and new communities. healthcare
Our week. groundbreaking is for next scheduled
facilities a specialty acute pursue We will continue in XXXX goal opportunities de and beyond. to other to open underserved novo develop in with and additional markets and
facilities treatment, growing or continued the expand meet our to designed patients need disorder. critical for CTCs, opioid-used of especially with treatment and dealing to for specifically also center We comprehensive network addiction
at CTCs. bringing de CTCs seven Delaware, CTCs least exceeded to the three which we opened and quarter, During novo Florida for six goal the year, new in new our total fourth our of
substance continued vocational, disorders. As educational that country, in programs treat therapy opioid-used the the CTC role that patient’s provides a combine to behavioral help medication our escalate Acadia's vital and a counseling, to communities services they support facilities services progress. we Each believe play crisis with serve other range of comprehensive CTC across include and medical, treatment use the to treatment has opioid
adding the year network service CTC need an and our offerings six to expand objective in essential this to continue will CTCs meet ahead. We of with
in and with attractive who third pathway national leading forming with been the want to care leading is strong health to an they the clinical to health strategic community. treatment healthcare options across the care partnerships systems and have behavioral experience high-quality leverage opportunity expand We expertise while in and healthcare growth systems, premier we relationships to establish need respective country. the provider's their providers We've bring communities. relationships deliver market establish fortunate presence Our
new of half facilities. to were second open the In two we XXXX pleased
was a partner partner The XXX-bed Lutheran a Health Health was our joint in December with facility Heights Maple our in second was which in Knoxville, with Health, Wayne, Network Indiana. facility Tennessee first Covenant facility the in August; Behavioral and XX-bed Fort venture opened facility,
expected facilities to potential now various several development, Acadia over has our facilities XX in interest with two of strong XX JV in including joint continued years, in and next the We from the pipeline. opened, open stages remain partners XXXX. by venture nine encouraged facilities
maintained look For focus for strategy, acquisitions growth we to pathway, on selective and disciplined our our fourth are and that a incremental growth continue have very complement our to objectives. M&A opportunities financial
from of are suburbs and to identifying fourth selectively offerings. located extending on During Atlanta the CTCs to XXX portfolio of we metropolitan that CTC XXXX. quarter, in Georgia-based M&A attractive start the geographic locations separate treatment footprint, network brand-new the end area of opportunities service at remain Acadia's complementary centers We our acquired focused four existing
strong to have acquisitions, investments strategic the support a to are make well the balance as pursue our growth sheet to as We that other pathways. flexibility provides necessary fortunate
to fifth ways our and on patients. support For facilities additional extending remain we our care of final and pathway, identifying across growth focused the continuum
step For example, we our which are residential our use after continuing mid-level to strengthen acuity programming, treatment. to down often most patients we
XXXX, in XXXX have IOP XX Since including alone. programs, over QX PHP we added and five
improvements by QX, for program, which to our our make it and cross facilitate and identify We the system cross-referral to are in also launching continuing nurses process advance referral opportunities clinicians referral including easier itself.
line service in in fill gaps to continue we our markets. Finally,
in of Atlanta service acquisition previously for market. existing acute complements area Our example mentioned our and IOP specialty the in that CTCs PHP lines four
targets in at conclusion, approximately partners, opening approximately to XXXX our strong the JV to two opening our least facilities, facilities facilities, and announcements additions year, CTC through novo well-positioned and to with which with six more XXX-bed growth maintain inpatient we meet trajectory adding locations. de are beds XXX two come In are development existing for JV
and facilities will new to our hard – on working as these XX a of. deliver targets, growth well that XXXX part XXXX our We're become the foundation strengthening as
patients Acadia we lead the serve. to and committed the best-in-class creating further care As will implementing and continues grow, to that IT we support and of delivery are enhance solutions
Day, for in Acadia As and investments of area at beyond. be Investor focus our we key in a will discussed XXXX technology
clinical support to We and investments and technology the lead our the to delivery care ultimately of strengthen accelerating where and we industry efficiencies. leveraging operational by forward access can capabilities, improve care, increase are integration
network. include which Initially, of technology electronic the centered top short-term involves improving records. potential to areas across around expect we medical and only significant infrastructure, make Acadia, but also where electronic across investments have medical our priority our A all is for company, the we industry. the Acadia's enhancing for paper-based the Today, is opportunity most manual not records a of processes capabilities
electronic to migrate from benefits both a we and financial clinical As there perspective. records, are significant
investments five categories. main technology on across focused are We
we'll to respect be safety able support patient is first that, better compliance. The with medical to teams, and our
investments these believe we patient experience. enhance overall the Second, will
company are capabilities we revenue help additional improvement improvement data us with Fourth, satisfaction, finally, And for also will in employee as and believe margin investments the which opportunities disciplined support efficiencies. we will engage the recruiting and care able these better to value-based identify we expect support payers, Third, and time. analytics retention. and will operational over drive
expect year, million to investment. to $XXmillion is our million Investor we which investments at $XX $XX million Day, in IT to communicated we coming $XX the in December historical As our allocate in incremental approximately of to
total million We expenditures. believe the will that $XXX we could to $XX investments over these and period capital evaluate value XXXX, the dedicated see XXXX in to IT of from incremental derived a four-year continue million that to from
to for care. We are industry value technology provide that delivery we forward the the the encouraged this will in leveraging of Acadia, by highly as improve lead
in Acadia pleased transformation And Acadia strategic health to to thecompany's led in experience, years locations CIO Chief and $XX care as over key January. had Officer As functions global Groschen technology important and driving care we the December, Laura recently add at also organizations. business XX this information She planned for as we of across unit served units countries. for supporting Information solutions early IT where add Medtronic's health with XX new the in joined noted Laura operating joins initiative. that leadership billion a company, large in XXX she Medtronic, most global team business of we're consumer-focused
quality to Laura transformation digital also across will continued our integral advance Acadia's our transformation digital to strategy drive behavioral reinforce our will want CIO, IT commitment capabilities. she Acadia of our shape scaled as across I part an and As health operations. and
continue to management we Dr. we for safe for Navdeep market As reach, announce Kang to added remains our seek Quality patients quality the team help. I'm care priority pleased our top the Officer inpatient services. and that extend our Chief new who our as to recently
any Genovese our a lead Mike a this ensuring and proactive responsible health. brings respond work of In designed Medical Nav Nav in necessary, processes superior and excellence, treatment extensive experience will is in supported by systems, of and closely safety inpatient Dr. of will provide will to any psychologist Chief clinical quality robust and issue adverse services prevent quality be role, clinical care Nav improving our behavioral Officer, initiative with and patient to to culture and our delivery when and addiction facilities. by quickly events. for
ahead, So At clinical the delivery strengthen to as the the same of and drive across remain ways in services improved increasing capabilities that focused we the expansion for and year to time, improve care investments provide service growth our we with pace we'll on on differentiated of upon look lines. right our technology we capitalizing outcomes. our look
of network we opportunities to health look facilities, mission ahead XXXX forward beyond. XXX we a and to have provide care shared for high-quality our Across in the and behavioral services Acadia
David now I turn results to our over time, call Duckworth XXXX discuss quarter financial guidance. the and will this for to the At
