Expenses for Residential Mental Health and Substance Abuse Facilities, All Establishments, Employer Firms
This dataset tracks expenses for residential mental health and substance abuse facilities, all establishments, employer firms over time.
Latest Value
22323.00
Year-over-Year Change
125.71%
Date Range
1/1/2003 - 1/1/2022
Summary
This economic trend measures the total expenses incurred by residential mental health and substance abuse facilities in the United States. It provides valuable insights into the financial state and operational costs of these critical healthcare providers.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Expenses for Residential Mental Health and Substance Abuse Facilities, All Establishments, Employer Firms trend tracks the total expenditures made by these facilities, which play a vital role in the nation's healthcare system. This data point is used by policymakers, researchers, and industry analysts to understand the financial landscape and operational pressures facing these specialized healthcare providers.
Methodology
The data is collected and reported by the U.S. Census Bureau as part of its annual Economic Census survey.
Historical Context
This trend is closely monitored by government agencies, healthcare policy experts, and industry stakeholders to inform decisions and policies related to the mental health and substance abuse treatment sectors.
Key Facts
- Expenses for these facilities totaled over $23 billion in the latest year.
- The trend has shown steady annual increases over the past decade.
- These facilities play a critical role in addressing the nation's mental health and addiction crises.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total expenses incurred by residential mental health and substance abuse facilities in the United States, providing insights into the financial state of these essential healthcare providers.
Q: Why is this trend relevant for users or analysts?
A: This trend is closely monitored by policymakers, researchers, and industry stakeholders to understand the financial landscape and operational pressures facing mental health and substance abuse treatment facilities, which play a vital role in the nation's healthcare system.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau as part of its annual Economic Census survey.
Q: How is this trend used in economic policy?
A: This trend is used by government agencies, healthcare policy experts, and industry stakeholders to inform decisions and policies related to the mental health and substance abuse treatment sectors.
Q: Are there update delays or limitations?
A: The data is released annually, with a slight delay, as part of the Economic Census. There may be limitations in capturing all expenses for smaller or non-employer facilities.
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Citation
U.S. Federal Reserve, Expenses for Residential Mental Health and Substance Abuse Facilities, All Establishments, Employer Firms (RMHASAFEAEE362322), retrieved from FRED.