NAICS 62142 - Outpatient Mental Health and Substance Abuse Centers
This industry comprises establishments with medical staff primarily engaged in providing outpatient services related to the diagnosis and treatment of mental health disorders and alcohol and other substance abuse. These establishments generally treat patients who do not require inpatient treatment. They may provide a counseling staff and information regarding a wide range of mental health and substance abuse issues and/or refer patients to more extensive treatment programs, if necessary.
Industry trends:
In recent years, the Outpatient Mental Health and Substance Abuse Centers industry (NAICS 62142) has experienced significant transformations driven by various factors. One of the primary qualitative trends is the increasing integration of technology into service delivery. This includes the adoption of telehealth platforms, which have gained substantial traction, especially catalyzed by the COVID-19 pandemic. Clients now have greater access to remote therapy and counseling sessions, increasing convenience and reducing stigma associated with in-person visits.
Furthermore, there's a burgeoning emphasis on holistic and patient-centered care. Providers are increasingly adopting comprehensive treatment models that address not only mental health or substance abuse issues but also underlying conditions such as trauma, chronic stress, and other co-occurring disorders. This holistic approach often involves collaboration with a range of healthcare specialists to offer more integrated care plans.
Another noticeable trend is the shift towards destigmatizing mental health and substance abuse treatment. Public awareness campaigns and societal shifts are encouraging more individuals to seek treatment, thus broadening the client base for outpatient centers. This trend also reflects evolving social attitudes towards mental health, fostering an environment where seeking help is viewed more positively.
Looking ahead, forecasts suggest continuous growth in the adoption of digital health tools and teletherapy services, driven by ongoing technological advancements and favorable regulatory changes. The industry is also expected to see increased funding and support from both governmental and private sources, aimed at enhancing service quality and accessibility. This combination of technological innovation, holistic care models, and shifting societal attitudes is poised to shape the future landscape of outpatient mental health and substance abuse treatment centers positively.
This industry is comprised of:
Alcoholism treatment centers and clinics (except hospitals), outpatient
Detoxification centers and clinics (except hospitals), outpatient
Drug addiction treatment centers and clinics (except hospitals), outpatient
Mental health centers and clinics (except hospitals), outpatient
Outpatient mental health centers and clinics (except hospitals)
Outpatient treatment centers and clinics (except hospitals) for substance abuse (i.e., alcoholism, drug addiction)
Outpatient treatment centers and clinics for alcoholism
Outpatient treatment centers and clinics for drug addiction
Psychiatric centers and clinics (except hospitals), outpatient
Substance abuse treatment centers and clinics (except hospitals), outpatient
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
With iCFO You Get
What Is iCFO?
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Sound Business Analysis
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
Your Business’ Health In Minutes
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.