First Research US Industry Profile

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Mental Health Professionals
SIC Codes: 8049
NAICS Codes: 621112, 621330
Last Quarterly Update: 9/7/2020
Practitioners in this industry include physicians, psychologists, social workers, and other mental health professionals who diagnose and treat mental and emotional disorders, addiction, and other mental illnesses. Major companies include the mental health divisions of large hospital chains.
Resources for mental health services vary greatly by region and by country. The global average is nine mental health workers per 100,000 patient population, but rates vary from less than one in low-income countries to more than 70 in high-income countries, according to the World Health Organization (WHO).
The US industry includes about 34,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $19 billion.
Mental health professionals are divided into two main categories: psychiatrists with medical degrees authorized to prescribe medication and perform minor medical procedures, and psychologists and social workers with masters and doctoral degrees who primarily provide counseling and are restricted from prescribing medication.
Competitive Landscape
Demand is driven primarily by the number of patients requiring mental health services. Profitability depends on patients' ability to pay and insurers' willingness to reimburse for services. Large practices may enjoy economies of scale related to administration and back-office operations. Small practices can compete effectively by developing referral networks. The US industry is highly fragmented: in each of the two main segments (psychiatrists and other professionals), the top 50 companies account for about 15% of revenue.
Products, Operations & Technology
Psychiatrists and other mental health professionals help patients manage a wide range of mental and behavioral conditions through individual and group ... plus:
Sales & Marketing
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Finance & Regulation
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Regional & International Issues
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Human Resources
Also includes the following chapters:
Quarterly Industry Update
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Industry Indicators
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Business Challenges
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Trends and Opportunities
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Call Preparation Questions
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Financial Information
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Industry Forecast
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Industry Websites
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Glossary of Acronyms

Historical Profiles (PDF format)

07/27/2020
03/30/2020
10/07/2019
03/04/2019
11/26/2018
08/27/2018
05/28/2018
02/26/2018
11/20/2017
08/21/2017
05/22/2017
02/20/2017
11/14/2016
08/15/2016
05/16/2016
02/15/2016
11/09/2015
08/10/2015
05/11/2015
02/09/2015
11/10/2014
08/18/2014
05/26/2014
03/03/2014
11/25/2013
09/02/2013
06/10/2013
03/18/2013
12/10/2012
09/17/2012
07/02/2012
04/09/2012
12/19/2011
09/19/2011
06/13/2011
03/14/2011