Offices of Physicians, Mental Health Specialists Revenue Benchmarks
The average offices of physicians, mental health specialists business in the United States generates $646K in annual revenue, according to the U.S. Census Bureau Statistics of U.S. Businesses (SUSB 2021). There are 12,044 offices of physicians, mental health specialists businesses in the U.S., employing 54,614 workers with an average profit margin of 13.0%. The average employee in this industry earns $76K per year (Bureau of Labor Statistics QCEW 2023).
What Does a Offices of Physicians, Mental Health Specialists Business Actually Do?
Psychiatrist offices — MDs specializing in mental health, medication management, and psychotherapy. Distinct from non-MD therapists.
Who buys: Patients needing psychiatric medication and diagnosis.
Average Revenue
$646K
per year
Profit Margin
13.0%
industry average
Revenue / Employee
$143K
per year
Total Businesses
12,044
in the US
Est. Owner Income
$84K
small business avg
Labor Cost
50.0%
of revenue
Avg Employee Wage
$76K
per year (BLS)
Market Saturation
3.6
firms per 100K people
How Much Do Offices of Physicians, Mental Health Specialists Charge?
Psychiatrist offices charge for evaluation and medication management visits.
| Service | Typical range |
|---|---|
Initial psychiatric evaluation | $300–600 list |
Medication management (15–30 min) | $150–350 |
Cash-pay session (extended) | $300–600 |
Ranges based on industry rate surveys and typical published pricing. Actual quotes vary by city, business size, and job complexity.
Complete offices of physicians, mental health specialists business plan
A 12-section data-backed business plan for a offices of physicians, mental health specialists business — executive summary, market analysis, competitive landscape, revenue model, 3-year financial projections, operations, marketing, staffing, funding request. Pre-populated with real Census, IRS, and BLS data on this industry. Free to view.
Cost Structure — Where Every $100 in Revenue Goes
Approximate P&L breakdown for the offices of physicians, mental health specialists industry. Labor share and net profit are grounded in Census SUSB and IRS SOI data. Other lines are split using sector-typical ratios.
| Category | Per $100 revenue | Per typical business | What's in it |
|---|---|---|---|
Medical supplies & pharma | $13 | $84K | Disposables, medications, lab reagents, implants, and other direct patient supplies. |
Wages & benefits | $50 | $323K | Payroll for all employees at the business (owner comp not included for small owner-operators). |
Rent & facilities | $6 | $36K | Rent or mortgage on business location plus utilities tied to the space. |
Marketing & advertising | $2 | $12K | Google/Meta ads, SEO, print, referral fees, event sponsorships. |
Other operating costs | $17 | $108K | Malpractice insurance, billing services, equipment leasing, regulatory compliance. |
Net profit | $13 | $84K | What remains for the owner or shareholders after all business expenses. |
Directionally accurate for a typical business in the industry. Individual businesses vary widely — a franchise may run a very different cost mix from an independent, and older established businesses often have lower labor share than newer ones.
Average Revenue by Business Size
Industry Dynamics (Census BDS 2023)
New Business Rate
10.51%
openings/year
Closure Rate
7.79%
closings/year
Net Job Growth
+6.06%
annual
Businesses Closed
10,707
in 2023
Firm Count Trend
Should You Start a Offices of Physicians, Mental Health Specialists Business?
Startup Cost
$75K – $300K
Break-Even
27 months
5-Year Survival Rate
70.0%
Related Industries
Frequently Asked Questions
- What does a offices of physicians, mental health specialists business do?
- Psychiatrist offices — MDs specializing in mental health, medication management, and psychotherapy. Distinct from non-MD therapists. Patients needing psychiatric medication and diagnosis.
- How much do offices of physicians, mental health specialists charge?
- Psychiatrist offices charge for evaluation and medication management visits. See the pricing table above for typical rates by service type.
- How much does the average offices of physicians, mental health specialists make per year?
- The average offices of physicians, mental health specialists business generates $646K in annual revenue, based on U.S. Census Bureau data (SUSB 2021). After expenses, the estimated owner profit is $84K per year at a 13.0% profit margin.
- How many offices of physicians, mental health specialists businesses are there in the US?
- There are 12,044 offices of physicians, mental health specialists businesses operating in the United States, employing a total of 54,614 workers.
- How much does it cost to start a offices of physicians, mental health specialists business?
- Startup costs for a offices of physicians, mental health specialists business typically range from $75K to $300K, with a 5-year survival rate of 70.0%.
- What is the average salary in the offices of physicians, mental health specialists industry?
- The average employee in the offices of physicians, mental health specialists industry earns $76K per year, according to Bureau of Labor Statistics data (QCEW 2023).
Industry Growth & Survival
The offices of physicians, mental health specialists industry is actively growing — adding jobs at a net rate of 6.1% per year. New establishments are opening faster than existing ones close (10.5% entry vs 7.8% exit), indicating healthy demand.
Approximately 67% of offices of physicians, mental health specialists businesses survive their first 5 years. This is above the national average (~50%), making it a relatively safe industry to enter. In 2023, 10,707 firms in this industry closed permanently.
Employment & Wages
The average employee in the offices of physicians, mental health specialists industry earns $76,065/year. This is significantly above the national average of ~$65K, reflecting the skilled nature of this work. With 14,632 establishments employing 78,119 people, the typical business has about 5 employees.
Industry Trend (2000–2023)
The offices of physicians, mental health specialists industry has declined 18% since 2000 (from 157,535 to 128,948 firms).
See full historical statistics →Compare Offices of Physicians, Mental Health Specialists revenue with other industries: