NAICS 6211 - Offices of Physicians
This industry comprises establishments of health practitioners having the degree of M.D. (Doctor of medicine) or D.O. (Doctor of osteopathy) primarily engaged in the independent practice of general or specialized medicine (e.g., anesthesiology, oncology, ophthalmology, psychiatry) or surgery. These practitioners operate private or group practices in their own offices (e.g., centers, clinics) or in the facilities of others, such as hospitals or HMO medical centers.
Industry trends:
NAICS 6211, encompassing Security Brokers, Dealers, and Flotation Companies, is experiencing several notable qualitative trends that are reshaping the industry. Firstly, there is a significant shift towards digital transformation. Companies are making substantial investments in financial technology (fintech) to drive efficiency, offering digital trading platforms and robo-advisory services that cater to tech-savvy investors. This trend is expected to continue as client demand for seamless, real-time access to financial markets grows.
Secondly, there is an increasing focus on sustainable and responsible investing. Investors are becoming more conscious of environmental, social, and governance (ESG) criteria, prompting brokers and dealers to incorporate ESG factors into their investment products and advisory services. This trend is forecasted to strengthen as regulatory pressures and investor preferences align towards sustainability.
Thirdly, the industry is seeing consolidation as firms seek to achieve greater scale and diversify their service offerings. Mergers and acquisitions are anticipated to rise as companies aim to enhance their competitive edge and expand their market presence.
Regulatory changes also play a pivotal role, with firms needing to adapt to evolving compliance requirements. Enhanced regulatory scrutiny is likely to continue, emphasizing transparency and investor protection.
Looking ahead, the integration of artificial intelligence and machine learning in trading and investment strategies is expected to advance, providing firms with sophisticated tools to improve decision-making and risk management. Overall, firms that effectively leverage technology, respond to ESG demands, and navigate regulatory landscapes are poised to thrive in the dynamic environment of the near future.
This industry is comprised of:
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
With iCFO You Get
What Is iCFO?
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Sound Business Analysis
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
Your Business’ Health In Minutes
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.