Ethema Health Corp (GRST)

[janetcanada]

GRST - $42 Billion U.S. Addiction Rehab Industry Poised for Growth, and Challenges

***Here are the top six things to know about this healthcare sector:

1. Addiction rehab market size: Marketdata estimates that the drug, alcohol and other addictions treatment industry will be worth $42 billion this year. Moderate but steady 5.2% annual growth in revenues is forecast through 2025, reaching $53 billion. The states provide most of the funding, and insurance coverage, including Medicaid, is increasing.

2. Reforms needed: With passage of the Affordable Care Act, 3-5 million new patients entered the system in need of substance abuse treatment, resulting in the opening of more treatment centers and “sober homes,” many of which engage in overbilling, patient brokering, and deceptive marketing. The industry needs to be cleaned up, but reforms could take five years to take full effect.

3. Competitive landscape: Some large chains exist, but the industry consists of mostly small operators. The top 9 treatment chains are estimated to capture $1.38 billion in revenues, and operate 214 treatment facilities. All private, for-profit centers treated 1.36 million patients in 2018, and took in $13.9 billion.

4. Number of patients in treatment facilities: A total of 3.7 million persons were treated in 2018, but there were 21 million persons in need of treatment. Only 11% of substance abusers actually receive treatment.

5. Demand for services: An estimated 53 million Americans aged 12+ were illicit drug abusers in 2018, according to government agencies. An estimated 4-6 million are opioid abusers, a figure that has soared in recent years.

6. Different types of treatment: Niche markets have emerged for the well-heeled that can pay out-of-pocket (think Hollywood celebrities) and new niches are emerging in areas such as: sex addiction, problem gamblers, Internet addiction, nicotine addiction, anxiety disorders, eating disorders, and serving Iraq and Afghanistan war veterans with PTSD.

====================================================

***The investment boom is triggering a consolidation of rehab centers. Treatment of drug addiction and alcohol abuse are considered “essential health benefits” that most health insurance plans must offer under the Affordable Care Act. Many Americans who previously could not afford addiction treatment now are eligible for coverage. The law also permits young adults to stay on their parents’ insurance plan until they are 26, which expands coverage to those who are struggling with substance abuse. More people can also afford coverage now that the economy is recovering, the article notes.

***The United States Substance Abuse Treatment Market size was estimated at:
*USD 1,063.12 million in 2021;
*USD 1,150.26 million in 2022; and is projected to grow at a CAGR 9.30% to reach
*USD 1,812.92 million by 2027.

Billion addiction treatment industry>>

***Drug Rehab West Palm Beach, FL | ARIAhttps://www.ariafl.com


=====================================================
GRST- Mr. Shawn Leon did Reply to my e-mail saying: 2023 Will Be Great!!

***<<The market is exploding and GRST could become the 3rd major option in the $35

GlobeNewswire: Ethema Health Corporation- March 1, 2023

***The Company is pursuing other options for the real estate ownership that would not only get the Company its deposit money out but allow it to get additional funds from the real estate which could be used to Eliminate Debt.