Acadia Healthcare Company, Inc. (NASDAQ:ACHC) Q3 2022 Earnings Conference Call November 1, 2022 9:00 AM ET
Company Participants
Christopher Hunter - CEO
David Duckworth - CFO
Gretchen Hommrich - VP, IR
Conference Call Participants
A.J. Rice - Credit Suisse
Andrew Mok - UBS
Brian Tanquilut - Jefferies
Whit Mayo - SVB Securities
Kevin Fischbeck - Bank of America
Pito Chickering - Deutsche Bank
John Ransom - Raymond James
Sarah James - Barclays
Operator
Good morning, and welcome to the Acadia Healthcare's Third Quarter 2022 Earnings Conference Call. [Operator Instructions] Please note that this event is being recorded today.
I would now like to turn the conference over to Gretchen Hommrich. Please go ahead.
Gretchen Hommrich
Good morning, and welcome to Acadia's third quarter 2022 conference call. I'm Gretchen Hommrich, Vice President of Investor Relations for Acadia. I'll first provide you with our safe harbor before turning the call over to our Chief Executive Officer, Chris Hunter.
To the extent any non-GAAP financial measure is discussed in today's call, you will also find a reconciliation of that measure to the most directly comparable financial measure calculated according to GAAP on our website by viewing yesterday's news release under the Investors link.
This conference call may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements, regarding Acadia's expected quarterly and annual financial performance for 2022 and beyond. You're hereby cautioned that these statements may be affected by the factors set forth in Acadia's filings with the Securities and Exchange Commission and in the company's third quarter news release and consequently, actual operations and results may differ materially from the results discussed in the forward-looking statements. The company undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
At this time, for opening remarks, I would like to turn the conference call over to our Chief Executive Officer, Chris Hunter.
Christopher Hunter
Thank you, Gretchen. Good morning, everyone, and thank you for being with us today for our third quarter 2022 conference call. I'm here today with our Chief Financial Officer, David Duckworth, and other members of our executive management team. David and I will provide some remarks about our financial and operating performance for the third quarter of 2022 and then following our comments, we will open the line for your questions.
Looking back at the third quarter, the strong momentum continued in our business, reflecting robust demand for our behavioral healthcare services. We executed our strategy with favorable results across our key performance metrics. Our same facility revenue increased 10.2% compared with the third quarter of 2021, including an increase in revenue per patient day of 6.9% and an increase in patient days of 3.1%.