
Mental Health & Substance Abuse Services
Description
Brief Excerpt from Industry Overview Chapter:
Companies in this industry provide outpatient and residential care and treatment for individuals with mental health and substance abuse illnesses. Major companies include Acadia Healthcare, Hazelden Betty Ford Foundation, and Corewell Health (all based in the US), along with the Centre for Addiction and Mental Health (Canada) and the Crossroads Centre Antigua.
COMPETITIVE LANDSCAPE
Demand for mental health and substance abuse services is driven by availability of new drugs and treatments and funding policies of health care insurance programs. The profitability of individual facilities depends on controlling costs and attracting physician referrals. Large companies have advantages in group purchasing and in marketing to physicians and managed health care companies. Small facilities compete effectively by providing superior patient service, integrating treatment with follow-up procedures, and specializing by treatment or demographic group.
PRODUCTS, OPERATIONS & TECHNOLOGY
Patient care for mental, behavioral, and neurodevelopmental disorders accounts for about 70% of revenue.. Nonprofit organizations such as Hazelden Betty Ford also receive government grants and private contributions. About two-thirds of mental health and substance abuse service providers are nonprofit organizations.
Companies in this industry provide outpatient and residential care and treatment for individuals with mental health and substance abuse illnesses. Major companies include Acadia Healthcare, Hazelden Betty Ford Foundation, and Corewell Health (all based in the US), along with the Centre for Addiction and Mental Health (Canada) and the Crossroads Centre Antigua.
COMPETITIVE LANDSCAPE
Demand for mental health and substance abuse services is driven by availability of new drugs and treatments and funding policies of health care insurance programs. The profitability of individual facilities depends on controlling costs and attracting physician referrals. Large companies have advantages in group purchasing and in marketing to physicians and managed health care companies. Small facilities compete effectively by providing superior patient service, integrating treatment with follow-up procedures, and specializing by treatment or demographic group.
PRODUCTS, OPERATIONS & TECHNOLOGY
Patient care for mental, behavioral, and neurodevelopmental disorders accounts for about 70% of revenue.. Nonprofit organizations such as Hazelden Betty Ford also receive government grants and private contributions. About two-thirds of mental health and substance abuse service providers are nonprofit organizations.
Table of Contents
- Industry Overview
- Quarterly Industry Update
- Business Challenges
- Business Trends
- Industry Opportunities
- Call Preparation Questions
- Financial Information
- Industry Forecast
- Web Links and Acronyms
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