Behavioral Health Business March 28, 2024
Staffing challenges plagued the behavioral health workforce in the wake of the COVID-19 pandemic, but the employment environment might be improving for operators.
In 2023, 53% of behavioral health insiders said that staff was the biggest challenge in the industry, which dropped to 42% in 2024, according to a Behavioral Health Business survey.
Several tailwinds could be helping to remedy the workforce shortages.
One of the significant factors is a decrease in wage inflation. For example, Acadia Healthcare, one of the largest behavioral health providers in the country, reported that its wage inflation peaked at 8% during the fourth quarter of 2022 but had dropped to 5% by the fourth quarter of 2023.
However, it isn’t just macroeconomic factors changing...
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