Behavioral Health Business April 3, 2024
The distribution of for-profit and nonprofit behavioral health organizations varies widely across the U.S. Some states have high percentages of for-profit providers, such as North Carolina, with 51%. In contrast, others, like North Dakota, rely almost exclusively on nonprofit and government-operated organizations.
Regulatory, economic and demographic factors may explain differences in for-profit and nonprofit provider concentrations. These conditions require careful analysis when providers seek to expand to a market in a new state, industry insiders told Behavioral Health Business.
Providers who fail to do their homework before a geographic expansion may miss out on more favorable regulations and be less successful at building community relationships. Some private equity-backed providers who entered the behavioral health market in 2021 are now experiencing...
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