Industry Analysis & Industry Trends
The Physical Therapy Rehabilitation Centers industry left the recession fairly unscathed thanks to industry reliance on Medicare reimbursements. The industry experienced a rapid rate of consolidation as large operators bought out smaller centers and other operators left the industry due to an inability to make up lost revenue. Continued expansion of the aging population, healthcare reform and economic recovery are expected to support industry revenue growth in the next five years.... purchase to read more
Industry Report - Industry Investment Chapter
The Physical Rehabilitation Centers industry is labor intensive. For every dollar the industry spends on labor, IBISWorld estimates firms will spend about $0.03 on capital. Patients require personalized service, which leads to the higher labor costs for industry participants. Moreover, physical therapists and their assistants and aides are typically well-trained and highly skilled individuals; thus, average wages are a considerable expense for the industry.
Capital costs cover supplies and fixed assets, such as furniture and equipment. Technological change is increasing. However, IBISWorld expects the level of capital investment industry participants are required to undertake will only rise slightly, yet remain relatively low... purchase to read more