|Last Quarterly Update:||4/1/2013|
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Companies in this industry provide physical therapy and other treatment and activities to help patients regain or improve mental or physical functionality following an injury or disease. Major US companies include Select Medical, Physiotherapy Associates, RehabCare Group, and US Physical Therapy.
The rehabilitation therapy industry in the US consists of about 30,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $29 billion. The output of physical, occupational, audio, and speech therapists is expected to grow at a high rate over the next two years. Demand is driven by the aging population and advancements in medicine.
Demand is driven by the aging US population and medical advances that increase patient survival rates and prolong life. The profitability of individual practices depends on efficient use of personnel. Large companies have some economies of scale in financial and administrative systems. Small companies compete by developing positive relationships with local health care providers and delivering superior customer service. The industry is highly fragmented: the top 50 companies account for about 25 percent of revenue.
Therapy practices compete with similar services provided by hospitals, physician offices, nursing homes, home health care services, chiropractors, and educational institutions that employ their own therapists.
PRODUCTS, OPERATIONS & TECHNOLOGY
Rehabilitation therapy practices treat patients suffering from physical, mental, emotional, or communication disabilities. Services are primarily provided by physical therapists (45 percent of therapists); occupational therapists (25 percent); and speech ...
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