With the passage of the affordable care act, combined with the mental health parity and equity act, commercial insurance companies are required under to pay for addiction treatment. Combined with 16.5% of the population suffering from a substance use disorder, a $50B+ market has emerged. Substance Abuse and Mental Health Treatment are rapidly growing in every state.
Furthermore, Some of the things to consider when looking for to open a rehab are:
- Business Planning: Does the organization understand the complexities of opening a facility? And the challenges associated with the first 3-5 years of operations?
- Population Density: The location must have enough people to sustain the organization.
- Competition: The facility should be set up in an area that does not have a significant amount of competition.
- Insurance Relationships: Does the organization understand the payor situation and revenue generation processes.
Furthermore, there are many areas of the United States that are lacking in access to care. With that said, many of the areas that have high population density are already saturated.
Feasibility Study for Treatment Center
In order to open a rehab, the organization should understand all of the variables. At Orion Treatment Consulting we start off with a feasibility study and financial model that helps to locate and review different sites and different states. We will complete this study and review it with your leadership team.
Additionally, Once complete, Orion Treatment Consulting can help you from the beginning to the end of your project. We offer Licensing, Joint Commission Accreditation, HR Administration, Marketing Planning, Digital Strategy and many other services to help your business succeed.
Call Orion Treatment Consulting today to get started on a business plan and feasibility study. We will look at what is the best state to open a rehab for you and your organization.
Orion Treatment Consulting has opened over 50 treatment programs throughout the US. Call today for a free consult.
