Major Group SIC 8051 - Skilled Nursing Care Facilities

SIC 8051 - Skilled Nursing Care Facilities

SIC 80 - Health Services
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- SIC 805 - Nursing And Personal Care Facilities
  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
  - SIC 8051 - Skilled Nursing Care Facilities
    SIC 8051 - Skilled Nursing Care Facilities SIC 8052 - Intermediate Care Facilities SIC 8059 - Nursing And Personal Care Facilities, Not Elsewhere Classified

Establishments primarily engaged in providing inpatient nursing and rehabilitative services to patients who require continuous health care, but not hospital services. Care must be ordered by and under the direction of a physician. The staff must include a licensed nurse on duty continuously with a minimum of one full-time registered nurse on duty during each day shift. Included are establishments certified to deliver skilled nursing care under the Medicare and Medicaid programs.

Industry trends:

The skilled nursing care facilities industry (NAICS 8051) is experiencing several notable qualitative trends. One of the major trends is the increasing adoption of technology to improve patient care and operational efficiency. Facilities are integrating advanced health monitoring systems, electronic health records (EHRs), and telehealth services to provide more personalized and timely care. This trend is expected to continue as technology becomes more accessible and providers seek to streamline operations and enhance patient outcomes.

Another significant trend is the focus on specialized care. With an aging population and a rise in chronic conditions, skilled nursing facilities are increasingly offering specialized services such as memory care for dementia patients, rehabilitation services, and palliative care. This specialization allows facilities to cater to specific patient needs and differentiate themselves in a competitive market.

The industry is also seeing a shift towards value-based care, where reimbursement is linked to patient outcomes rather than services provided. This shift encourages skilled nursing facilities to prioritize quality over quantity, fostering better patient experiences and health outcomes. Additionally, there is an ongoing emphasis on improving staff training and retention, as a skilled and dedicated workforce is crucial for maintaining high standards of care.

In the near future, the skilled nursing care facilities industry is expected to face challenges such as regulatory changes and staffing shortages. However, facilities that adapt by leveraging technology, focusing on specialized services, and adopting value-based care models are likely to thrive. Continued investment in these areas will be essential for meeting the evolving demands of the patient population and maintaining a competitive edge in the industry.

This industry is comprised of:

Convalescent homes with continuous nursing care

Extended care facilities

Mental retardation hospitals

Nursing homes, skilled

Explore related industries:

SIC 6324 - Hospital and Medical Service Plans SIC 7021 - Rooming and Boarding Houses SIC 8361 - Residential Care

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