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Research and Markets: Mental Health and Substance Abuse Services - Industry Profile

Posted on: Thursday, 6 December 2007, 12:00 CST

Research and Markets (http://www.researchandmarkets.com/reports/c76626) has announced the addition of Mental Health and Substance Abuse Services - Industry Profile to their offering.

Covering over 175 industries and updated every 90 days, the First Research Industry Profiles do the heavy lifting for you - saving your sales team valuable research time, enhancing client communications and giving you the competitive edge to win more business.

Easy-to-use and up-to-date, the Industry Profiles provide you with the industry research necessary to stay on top of constant changes in select industries.

The First Research profiles help target your products and services directly to prospects. The Industry Profiles provide the information and understanding you need to engage new prospects during the sales process, deepen customer relationships and strengthen your own bottom line.

Executive Summary

Brief Excerpt from Industry Overview Chapter:

About 15,000 mental health and substance abuse facilities operate in the US with combined annual revenue of over $17 billion. Major facilities include the Betty Ford Center, the Caron Foundation, and Res-Care. The industry is highly fragmented: the top 50 companies account for only about 20 percent of industry revenue. Most facilities are single location offices operated by a government agency, charitable foundation, or private healthcare firm. About 70 percent are operated by tax-exempt organizations.

The industry includes establishments that provide residential and rehabilitation care with minimal medical care, and outpatient facilities with medical staff to provide treatment.

COMPETITIVE LANDSCAPE

Demand for mental health and substance abuse facilities is driven by population demographics, availability of new drugs and treatments, and funding policies of healthcare 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 physician and managed healthcare companies. Small facilities compete effectively by providing superior patient service, integrating treatment with follow-up procedures, and specializing by treatment or demographic group. Mental health and substance abuse facilities are labor-intensive: average revenue per worker is about $50,000.

PRODUCTS, OPERATIONS & TECHNOLOGY

Revenue is derived from patient care services (37 percent); government grants and contributions (27 percent); and residential care services (25 percent). Other revenue sources include private contributions and sales of prescription drugs. Tax-exempt facilities receive about 55 percent ...

Chapter Titles:

Industry Overview

Quarterly Industry Update

Business Challenges

Trends AND Opportunities

Call Preparation Questions

Financial Information

Industry Forecast

Website and Media Links

Glossary of Acronyms

For more information visit http://www.researchandmarkets.com/reports/c76626

Source: First Research

Source: Business Wire

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