Major Group SIC 80 - Health Services

SIC 80 - Health Services

SIC 80 - Health Services
SIC 01 - Agricultural Production Crops SIC 02 - Agricultural Production Livestock And Animal Specialties SIC 07 - Agricultural Services SIC 08 - Forestry SIC 09 - Fishing, Hunting, And Trapping SIC 10 - Metal Mining SIC 12 - Coal Mining SIC 13 - Oil And Gas Extraction SIC 14 - Mining And Quarrying Of Nonmetallic Minerals, Except Fuels SIC 15 - Building Construction General Contractors And Operative Builders SIC 16 - Heavy Construction Other Than Building Construction Contractors SIC 17 - Construction Special Trade Contractors SIC 20 - Food And Kindred Products SIC 21 - Tobacco Products SIC 22 - Textile Mill Products SIC 23 - Apparel And Other Finished Products Made From Fabrics And Similar Materials SIC 24 - Lumber And Wood Products, Except Furniture SIC 25 - Furniture And Fixtures SIC 26 - Paper And Allied Products SIC 27 - Printing, Publishing, And Allied Industries SIC 28 - Chemicals And Allied Products SIC 29 - Petroleum Refining And Related Industries SIC 30 - Rubber And Miscellaneous Plastics Products SIC 31 - Leather And Leather Products SIC 32 - Stone, Clay, Glass, And Concrete Products SIC 33 - Primary Metal Industries SIC 34 - Fabricated Metal Products, Except Machinery And Transportation Equipment SIC 35 - Industrial And Commercial Machinery And Computer Equipment SIC 36 - Electronic And Other Electrical Equipment And Components, Except Computer Equipment SIC 37 - Transportation Equipment SIC 38 - Measuring, Analyzing, And Controlling Instruments Photographic, Medical And Optical Good SIC 39 - Miscellaneous Manufacturing Industries SIC 40 - Railroad Transportation SIC 41 - Local And Suburban Transit And Interurban Highway Passenger Transportation SIC 42 - Motor Freight Transportation And Warehousing SIC 44 - Water Transportation SIC 45 - Transportation By Air SIC 46 - Pipelines, Except Natural Gas SIC 47 - Transportation Services SIC 48 - Communications SIC 49 - Electric, Gas, And Sanitary Services SIC 50 - Wholesale Trade-durable Goods SIC 51 - Wholesale Trade-non-durable Goods SIC 52 - Building Materials, Hardware, Garden Supply, And Mobile Home Dealers SIC 53 - General Merchandise Stores SIC 54 - Food Stores SIC 55 - Automotive Dealers And Gasoline Service Stations SIC 56 - Apparel And Accessory Stores SIC 57 - Home Furniture, Furnishings, And Equipment Stores SIC 58 - Eating And Drinking Places SIC 59 - Miscellaneous Retail SIC 60 - Depository Institutions SIC 61 - Non-depository Credit Institutions SIC 62 - Security And Commodity Brokers, Dealers, Exchanges, And Services SIC 63 - Insurance Carriers SIC 64 - Insurance Agents, Brokers, And Service SIC 65 - Real Estate SIC 67 - Holding And Other Investment Offices SIC 70 - Hotels, Rooming Houses, Camps, And Other Lodging Places SIC 72 - Personal Services SIC 73 - Business Services SIC 75 - Automotive Repair, Services, And Parking SIC 76 - Miscellaneous Repair Services SIC 78 - Motion Pictures SIC 79 - Amusement And Recreation Services SIC 80 - Health Services SIC 81 - Legal Services SIC 82 - Educational Services SIC 83 - Social Services SIC 84 - Museums, Art Galleries, And Botanical And Zoological Gardens SIC 86 - Membership Organizations or Unions And Similar Labor Organizations SIC 87 - Engineering, Accounting, Research, Management, And Related Services SIC 89 - Services, Not Elsewhere Classified SIC 96 - Administration Of Economic Programs

This major group includes establishments primarily engaged in furnishing medical, surgical, and other health services to persons. Establishments of associations or groups, such as Health Maintenance Organizations (HMOs), primarily engaged in providing medical or other health services to members are included, but those which limit their services to the provision of insurance against hospitalization or medical costs are classified in Insurance, Major Group 63. Hospices are also included in this major group and are classified according to the primary service provided. Industry groups 801 through 804 includes individual practitioners, group clinics in which a group of practitioners is associated for the purpose of carrying on their profession, and clinics which provide the same services through practitioners that are employees.

Industry trends:

The Health Services industry under NAICS 80 is experiencing significant transformation driven by technological advancements, demographic shifts, and changing consumer expectations. One of the latest qualitative trends is the increased adoption of telehealth and telemedicine. This trend, accelerated by the COVID-19 pandemic, remains strong as patients seek convenient, cost-effective access to healthcare services. Healthcare providers are investing in virtual care platforms and remote monitoring tools to meet this demand. Additionally, there's a growing emphasis on personalized medicine, leveraging data analytics and genomic information to tailor treatments to individual patients.

Another notable trend is the shift towards value-based care models. Instead of the traditional fee-for-service approach, healthcare providers are increasingly focusing on outcomes and patient satisfaction. This shift is compelling organizations to invest in integrated care systems and collaborative approaches. Furthermore, there is a heightened focus on mental health services as the stigma surrounding mental health decreases and the need for accessible mental health care grows.

Looking ahead, the near future of the Health Services industry will likely see continued integration of Artificial Intelligence (AI) and machine learning in diagnostics, treatment planning, and administrative processes. Population health management will also become more critical, with providers using predictive analytics to identify at-risk groups and intervene proactively. Finally, as the aging population grows, geriatric care and chronic disease management will expand, demanding more specialized services and innovations in elder care.

This industry is comprised of:

SIC 801 - Offices And Clinics Of Doctors Of Medicine

SIC 802 - Offices And Clinics Of Dentists

SIC 803 - Offices And Clinics Of Doctors Of Osteopathy

SIC 804 - Offices And Clinics Of Other Health Practitioners

SIC 805 - Nursing And Personal Care Facilities

SIC 806 - Hospitals

SIC 807 - Medical And Dental Laboratories

SIC 808 - Home Health Care Services

SIC 809 - Miscellaneous Health and Allied Services, Not Elsewhere Classified

Explore related industries:

SIC 73 - Business Services SIC 79 - Amusement And Recreation Services SIC 83 - Social Services

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