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The Evolving Private Psychiatric Inpatient Market

机译:不断发展的私人精神病住院市场

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The private psychiatric hospital market has exhibited great volatility over time. From 1976 to 1992, the number of hospitals more than doubled, while in the decade following, the number of facilities dropped by half. Recently, however, the industry has begun to grow again. The evolution of this market reflects the response of a private industry with access to capital markets to changes in both the supply of substitutes and the demand for services. Most recently, the limited supply of facilities and expanded demand for psychiatric services have spurred renewed growth. The two leading firms today, Universal Health Services, Inc., which rode the market crest and downturn since the 1980s, and Psychiatric Solutions, Inc., a newer entrant, have employed different strategies to take advantage of these opportunities. The rapid responsiveness of the private psychiatric hospital market, as exemplified by these two firms, presents significant potential for shaping future mental health policy.
机译:随着时间的推移,私人精神病医院市场表现出极大的波动性。从1976年到1992年,医院的数量增加了一倍以上,而在随后的十年中,设施数量下降了一半。但是,最近该行业又开始增长。该市场的发展反映了私有行业进入资本市场对替代供应和服务需求变化的反应。最近,设施的供应有限和对精神病学服务需求的增加刺激了新的增长。当今的两家领先公司,即自1980年代以来一直风靡市场并陷入低迷的Universal Health Services,Inc.和较新的进入者Psychiatric Solutions,Inc.,都采用了不同的策略来利用这些机会。这两家公司的例子表明,私人精神病医院市场的快速反应为制定未来的精神卫生政策提供了巨大的潜力。

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