In most fields, increased demand – for housing, for avocados, for electricity – automatically drives up both service price and the size of the supplier organizations. In health care, this is not exactly the case.

That assumption was borne out in the recent analysis, Psychiatry Mid-Year Market Update 2026: Persistent Demand, Widening Valuation Gap & Workforce/Regulatory Realities. Demand is predicted to increase nearly 44% between 2024 and 2037 at the same time that the supply of psychiatrists serving adults is expected to decline 12.3% in the same period (see The Impending Psychiatrist Shortage: Projected Deficiencies In The U.S. Adult Psychiatry Workforce). Yet the impact of demand on price is blunted by rate caps…