The behavioral health market has exploded since the COVID-19 pandemic. Investors and provider organizations have paid premiums to grow their behavioral health footprint. But, industry insiders warn that the outpatient behavioral health industry is a tough business. The success stories in the space will likely be the companies keeping their operations tight and demonstrating improved patient outcomes. “I think the winner is the one that avoids shiny new toys. … The reality is outpatient mental health is a grinding business,” Brian Wheelan, CEO of Transformations Care Network, said at Behavioral Health Business’ INVEST conference. “The margins aren’t big … The labor pressures and productivit
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