Major Group SIC 8052 - Intermediate Care Facilities

SIC 8052 - Intermediate 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 8052 - Intermediate 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, but not on a continuous basis. Staffing must include 24-hour per day personnel with a licensed nurse on duty full-time during each day shift. At least once a week, consultation from a registered nurse on the delivery of care is required. Included are facilities certified to deliver intermediate care under the Medicaid program.

Industry trends:

The Intermediate Care Facilities (ICFs) industry, classified under NAICS 8052, is experiencing several qualitative trends that are shaping its evolution. One prominent trend is the increasing emphasis on personalized and patient-centered care. Facilities are prioritizing individualized care plans that cater to the unique needs of each resident, enhancing the quality and effectiveness of care.

Technological integration is another significant trend, with ICFs adopting advanced health monitoring systems, electronic health records (EHRs), and telehealth services. These technologies facilitate better communication between caregivers and healthcare providers, ensuring timely and accurate medical support for residents.

The industry is also witnessing a shift towards integrating holistic and alternative therapies. Practices such as physical therapy, occupational therapy, and mental health support are becoming integral components of care plans, recognizing the need for comprehensive health management.

Demographic changes and an aging population are expected to drive the demand for intermediate care facilities in the coming years. With a growing number of elderly individuals requiring specialized care, ICFs may see a steady increase in occupancy rates, prompting expansions and new facility developments.

Sustainability and eco-friendly practices are slowly gaining traction within the industry. Facilities are exploring ways to reduce their environmental impact through energy-efficient building designs and sustainable resource management.

In the near future, we can expect regulatory changes aimed at enhancing patient safety and care quality. This evolving regulatory landscape will likely require ICFs to adopt more stringent compliance measures and best practices.

Overall, the Intermediate Care Facilities industry is advancing towards more personalized, tech-integrated, and holistic care models, adapting to demographic shifts and regulatory developments. These trends are set to shape the industry's growth and operational strategies in the near term.

This industry is comprised of:

Intermediate care facilities

Nursing homes, intermediate care

Explore related industries:

SIC 7021 - Rooming and Boarding Houses SIC 8361 - Residential Care SIC 8744 - Facilities Support Management Services

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