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Home › Industry Metrics › NAICS 621112

NAICS 621112 - Offices of Physicians, Mental Health Specialists

NAICS 621112 - OFFICES OF PHYSICIANS, MENTAL HEALTH SPECIALISTS
NAICS 621111 Offices of Physicians (except Mental Health Specialists) NAICS 621112 Offices of Physicians, Mental Health Specialists
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This U.S. industry comprises establishments of health practitioners having the degree of M.D. (Doctor of medicine) or D.O. (Doctor of osteopathy) primarily engaged in the independent practice of psychiatry or psychoanalysis. These practitioners operate private or group practices in their own offices (e.g., centers, clinics) or in the facilities of others, such as hospitals or HMO medical centers.

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This U.S. industry comprises establishments of health practitioners having the degree of M.D. (Doctor of medicine) or D.O. (Doctor of osteopathy) primarily engaged in the independent practice of psychiatry or psychoanalysis.

These practitioners operate private or group practices in their own offices (e.g., centers, clinics) or in the facilities of others, such as hospitals or HMO medical centers.

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NAICS 62 Health Care and Social Assistance
NAICS 621 Ambulatory Health Care Services
NAICS 6211 Offices of Physicians
NAICS 62111 Offices of Physicians
NAICS 621112 Offices of Physicians, Mental Health Specialists
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Industry trends

In recent years, the "Offices of Physicians, Mental Health Specialists" industry (NAICS 621112) has experienced several significant qualitative trends. A notable trend involves the integration of telehealth services. The COVID-19 pandemic accelerated the adoption of telemedicine, allowing mental health specialists to reach a broader patient base, including those in underserved or rural areas. This shift has also encouraged the development of user-friendly digital health platforms.

Another trend is the increasing focus on holistic and patient-centered care. Mental health providers are increasingly employing collaborative care models that integrate medical, psychological, and social services. This trend recognizes the interdependence of physical and mental health and aims to provide more comprehensive care.

There is also a rise in the utilization of artificial intelligence and data analytics to improve patient outcomes. AI tools are being used for diagnostics, predicting patient responses to various treatments, and personalized care planning, which can enhance the efficiency and effectiveness of mental health services.

Looking ahead, these trends are expected to continue shaping the industry. The use of telemedicine is likely to expand further, driven by ongoing technological advancements and patient demand for convenience. Additionally, value-based care models emphasizing outcomes rather than services provided are expected to gain traction, compelling mental health practices to demonstrate the effectiveness of their care approaches.

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  • Regulatory changes and sustainability initiatives are shaping long-term growth.
  • Operational efficiency and technology adoption are key focus areas.

Industry Comparison

How this industry compares to all industries.

Return on Investment (ROI) 3%
BOTTOM TOP
10% 25% median 25% 10%

Percentile Rank among all Industries: 58%

Loan Failure Rate 3%
BOTTOM TOP
10% 25% median 25% 10%

Percentile Rank among all Industries: 11%

Total Companies in this Industry 448
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