NAICS 62134 - Offices of Physical, Occupational and Speech Therapists, and Audiologists
This industry comprises establishments of independent health practitioners primarily engaged in one of the following: (1) administering medically prescribed physical therapy treatment for patients suffering from injuries or muscle, nerve, joint, and bone disease; (2) planning and administering educational, recreational, and social activities designed to help patients or individuals with disabilities, regain physical or mental functioning or to adapt to their disabilities; and (3) diagnosing and treating speech, language, or hearing problems. 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:
The field of physical, occupational, and speech therapy, as well as audiology, identified by NAICS 62134, is experiencing significant qualitative trends centered around technological advancements and an increasing focus on patient-centered care. Telehealth services have expanded remarkably, driven by the pandemic's necessity but continuing due to their convenience and effectiveness. Virtual therapy sessions and remote monitoring tools are now integral components of patient care, allowing therapists to reach a broader geographic area and providing patients with more flexible treatment options.
Additionally, there is a growing emphasis on integrated care models, where therapists work collaboratively within a multidisciplinary team to provide comprehensive care plans tailored to individual patient needs. This holistic approach ensures better patient outcomes and higher satisfaction rates. Moreover, the sector is seeing a greater adoption of outcome-based care, with reimbursements increasingly tied to patient outcomes rather than service volume. This shift encourages providers to focus on the quality and effectiveness of treatment plans.
Going forward, the aging population will drive demand for these services, as age-related conditions often require physical, occupational, and speech therapy. It is predicted that the industry will continue to leverage AI and machine learning to personalize treatment plans further and improve diagnostic accuracy. The growing consumer awareness and preference for non-invasive treatments also bode well for the expansion of these services. Thus, the offices of therapists and audiologists are expected to innovate continuously, emphasizing patient-centered technologies and comprehensive care models.
This industry is comprised of:
Art therapists' offices (e.g., centers, clinics)
Audiologists' offices (e.g., centers, clinics)
Dance therapists' offices (e.g., centers, clinics)
Exercise physiologists' offices (e.g., centers, clinics)
Hearing testing services by offices of audiologists
Industrial therapists' offices (e.g., centers, clinics)
Music therapists' offices (e.g., centers, clinics)
Occupational therapists' offices (e.g., centers, clinics)
Pathologists', speech or voice, offices (e.g., centers, clinics)
Physical equestrian therapist offices (e.g., centers, clinics)
Physical therapists' offices (e.g., centers, clinics)
Physical therapy offices (e.g., centers, clinics)
Physical-integration practitioners' offices (e.g., centers, clinics)
Physiotherapists' offices (e.g., centers, clinics)
Recreational (e.g., art, dance, music) therapists' offices (e.g., centers, clinics)
Speech clinicians' offices (e.g., centers, clinics)
Speech defect clinics
Speech pathologists' offices (e.g., centers, clinics)
Speech therapists' offices (e.g., centers, clinics)
Sports physical therapists' offices (e.g., centers, clinics)
Voice pathologists' offices (e.g., centers, clinics)
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