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Home › Industry Metrics › NAICS 6232

NAICS 6232 - Residential Mental Retardation, Mental Health and Substance Abuse Facilities

NAICS 6232 - RESIDENTIAL MENTAL RETARDATION, MENTAL HEALTH AND SUBSTANCE ABUSE FACILITIES
NAICS 6231 Nursing Care Facilities NAICS 6232 Residential Mental Retardation, Mental Health and Substance Abuse Facilities NAICS 6233 Community Care Facilities for the Elderly NAICS 6239 Other Residential Care Facilities
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This industry group comprises establishments primarily engaged in providing residential care (but not licensed hospital care) to people with mental retardation, mental illness, or substance abuse problems.

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This industry group comprises establishments primarily engaged in providing residential care (but not licensed hospital care) to people with mental retardation, mental illness, or substance abuse problems.

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NAICS 62 Health Care and Social Assistance
NAICS 623 Nursing and Residential Care Facilities
NAICS 6232 Residential Mental Retardation, Mental Health and Substance Abuse Facilities
NAICS 62321 Residential Mental Retardation Facilities
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Industry trends

The Residential Mental Retardation, Mental Health, and Substance Abuse Facilities industry (NAICS 6232) has been experiencing significant qualitative trends driven by evolving societal attitudes, regulatory changes, and technological innovations. One of the most noticeable trends is the shift towards more personalized and holistic care. Facilities are increasingly adopting integrated treatment models that address not just the immediate mental health or substance abuse issues, but also the underlying social, emotional, and physical health needs of individuals. This approach is expected to become even more prevalent in the near future as patient-centric care becomes the standard.

Another trend is the growing emphasis on community-based services. Many facilities are expanding their reach beyond the traditional residential setting to offer outpatient care, telehealth services, and support within community environments. This shift is largely driven by the recognition that long-term recovery and rehabilitation are more effective when individuals are supported within their own communities. Additionally, advancements in telehealth are enabling greater access to mental health and substance abuse treatment, particularly in rural or underserved areas.

Furthermore, the industry is seeing a heightened focus on workforce development. With the increasing demand for mental health and substance abuse services, there is a concomitant need for skilled professionals. Facilities are investing in training and professional development to ensure that their staff are equipped to employ the latest therapeutic techniques and technologies. This trend is likely to continue as the industry grapples with workforce shortages and strives to improve the quality of care.

Looking ahead, the industry is poised for continued growth, particularly as the stigma surrounding mental health and substance abuse diminishes and more individuals seek treatment. Policy initiatives aimed at expanding insurance coverage and improving mental health infrastructure will further bolster the sector's expansion. Overall, the future of the industry appears promising, marked by greater inclusivity, innovation, and an unwavering commitment to comprehensive care.

  • Investment in renewable energy and grid modernization continues to accelerate.
  • 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) 2%
BOTTOM TOP
10% 25% median 25% 10%

Percentile Rank among all Industries: 56%

Loan Failure Rate 4%
BOTTOM TOP
10% 25% median 25% 10%

Percentile Rank among all Industries: 16%

Total Companies in this Industry 1,654
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Explore related industries

  • NAICS 6232 Residential Mental Retardation, Mental Health and Substance Abuse Facilities
  • NAICS 62321 Residential Mental Retardation Facilities
  • NAICS 62322 Residential Mental Health and Substance Abuse Facilities
  • View all related industries

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