This industry comprises establishments of independent health practitioners (except physicians; dentists; chiropractors; optometrists; mental health specialists; physical, occupational, and speech therapists; and audiologists). 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.
The NAICS 62139 category, encompassing Offices of All Other Health Practitioners, has seen emerging trends driven by technological advancements and shifts in consumer preferences. Telehealth services have gained substantial traction, accelerated by the COVID-19 pandemic, as patients seek convenient and remote healthcare solutions. This shift is likely to continue as both providers and patients adapt to more integrated digital health platforms.
Another notable trend is the growing focus on holistic and integrative health practices. Consumers are increasingly interested in mental health, wellness, and preventative care, influencing practitioners to offer a broader range of services beyond traditional treatments. This has led to a rise in the incorporation of alternative medicine, including acupuncture, naturopathy, and nutrition counseling.
Moreover, the aging population is driving demand for specialized services tailored to senior care, including geriatric physical therapy and cognitive health support. As the demographic shift progresses, offices that diversify their offerings to accommodate older adults are expected to experience continued growth.
Looking ahead, the near future will likely see further expansion in digital health solutions, personalized patient care, and an emphasis on integrated health services. Regulatory changes and increased funding in healthcare technology will support these trends, ensuring that Offices of All Other Health Practitioners are well-positioned to meet evolving patient needs.
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
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.
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.