Expenses for Residential Mental Health and Substance Abuse Facilities, Establishments Subject To Federal Income Tax, Employer Firms
RMHASAFEEST362322 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,529.00
Year-over-Year Change
204.48%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic trend measures the expenses incurred by residential mental health and substance abuse facilities that are subject to federal income tax and operate as employer firms in the United States. It provides insights into the financial health and operational costs of a crucial segment of the healthcare industry.
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, Establishments Subject To Federal Income Tax, Employer Firms metric tracks the total operating expenses of these specialized healthcare facilities. It is an important indicator for understanding the financial landscape and resource allocation within the mental health and addiction treatment sector.
Methodology
The data is collected and reported by the U.S. Census Bureau as part of its annual Economic Census.
Historical Context
Policymakers and industry analysts use this trend to assess the financial stability and resource needs of residential mental health and substance abuse facilities, which play a critical role in the broader healthcare system.
Key Facts
- Expenses for these facilities totaled $18.9 billion in 2017.
- The sector has seen steady growth in recent years.
- Mental health and substance abuse treatment is a key priority for policymakers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total operating expenses of residential mental health and substance abuse facilities that are subject to federal income tax and operate as employer firms in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the financial health and resource needs of a critical segment of the healthcare industry, which is crucial for policymakers and industry stakeholders to understand.
Q: How is this data collected or calculated?
A: The data is collected and reported annually by the U.S. Census Bureau as part of its Economic Census.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this trend to assess the financial stability and resource needs of residential mental health and substance abuse facilities, which play a vital role in the broader healthcare system.
Q: Are there update delays or limitations?
A: The data is reported annually, with a delay of approximately 2 years between the reference year and the publication of the latest figures.
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Citation
U.S. Federal Reserve, Expenses for Residential Mental Health and Substance Abuse Facilities, Establishments Subject To Federal Income Tax, Employer Firms (RMHASAFEEST362322), retrieved from FRED.