Psychiatric and Substance Abuse Hospitals - 2023 U.S. Market Research Report with Updated COVID-19 & Recession Risk Forecasts
The 78-page 2023 Psychiatric and Substance Abuse Hospitals Market Research Report is one of the most comprehensive and in-depth assessments of the industry in the United States with over 100+ data sets covering 2014-2027.
This Kentley Insights report is full of industry insights including historical and forecasted market size, revenue and industry breakdowns by product lines, size of company, concentration segmentation, business structure, customer type, state and MSA, profitability, financial ratios, balance sheet benchmarks, BCG matrix, extensive statistics by state and MSA, operating expense details, workforce composition, industry consolidation analysis, sector benchmarks, employee productivity, price inflation, pay bands for the top 20 industry jobs, trend analysis and forecasts on numerous industry statistics including companies, locations, employees, pay, and much more.
The Psychiatric and Substance Abuse Hospitals industry includes companies known and licensed as psychiatric and substance abuse hospitals primarily engaged in providing diagnostic, medical treatment, and monitoring services for inpatients who suffer from mental illness or substance abuse disorders. The treatment often requires an extended stay in the hospital. These companies maintain inpatient beds and provide patients with food services that meet their nutritional requirements. They have an organized staff of physicians and other medical staff to provide patient care services. Psychiatric, psychological, and social work services are available at the facility. These hospitals usually provide other services, such as outpatient services, clinical laboratory services, diagnostic X-ray services, and electroencephalograph services.
This report was developed utilizing the results from extensive business surveys and econometrics. Professionals utilize this report for market sizing, industry analysis, benchmarking, forecasting, strategic planning, market analysis, due diligence, valuation, sales & marketing strategy, operational streamlining, organizational strategy, evaluating opportunities, and many other analyses.
Review the 78-page table of contents or download a sample report to see the data-rich insights, which leaders have come to depend on for their research, strategic, and benchmarking needs.
Below are a few of the hundreds of stats from the report:INDUSTRY SIZEIn 2022, industry sales were $28.9 billion
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INDUSTRY GROWTHOver the past 3 years, the industry has grown at an annual rate of 3.6%
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COMPANY GROWTHThere are 452 companies in the industry
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SALES PER COMPANYIn 2022, the average sales per company was $63.8 million
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INFLATION & PRICING2021 inflation was 4%
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PROFITABILITYFor unprofitable companies, the average net loss is -5.5%
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RIGHTSIZING ANALYSISEmployee productivity is $110,801
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EXPENSE BENCHMARKING4.6% of expenses is spent on health insurance
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OPERATING EXPENSESIn 2022, industry operating expenses grew 4.5%
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PAYROLLIn 2022, payroll per employee was $66,578
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PAYROLL BY STATECalifornia averages $78,062 in payroll per employee
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JOB CATEGORIZATION BENCHMARKS3.6% of employees in the industry are in management positions
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JOB CATEGORIZATION PAY RANGESThe average industry hourly pay for office and administrative jobs is $20.84
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The above stats represent a small fraction of what you will find in this report.
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NAICS CODE: 622210