Residential Intellectual Disability Facilities in the US
This industry primarily houses and tends to the daily needs of individuals who have been diagnosed with intellectual and developmental disabilities. Federal funding for Medicare and Medicaid services and the number of individuals with access to private healthcare largely determine demand and growth for the industry. The number of adults aged 65 and older also influences industry demand; the elderly may lose the ability to care for intellectually disabled dependents, necessitating industry services. Over the five years to 2018, both funding for Medicare and Medicaid services and the number of adults over the age of 65 have steadily increased, boosting industry growth.
Over the next five years, the Patient Protection and Affordable Care Act (PPACA) is expected to continue expanding access to Medicare and Medicaid and increasing funding for mental health services. Moreover, the industry will benefit from more individuals being diagnosed with an intellectual disability due to increased access to healthcare services. These factors, combined with a growing elderly population, are expected to drive revenue growth over the five years to 2023.
This industry primarily houses and tends to the daily needs of individuals diagnosed with intellectual and developmental disabilities. Industry operators focus on providing room, board, protective supervision and counseling. Additionally, some form of healthcare may be provided at industry facilities.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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