Major Group SIC 8062 - General Medical And Surgical Hospital...

SIC 8062 - General Medical And Surgical Hospitals

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
- SIC 806 - Hospitals
  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 8062 - General Medical And Surgical Hospitals
    SIC 8062 - General Medical And Surgical Hospitals SIC 8063 - Psychiatric Hospitals SIC 8069 - Specialty Hospitals, Except Psychiatric

Establishments primarily engaged in providing general medical and surgical services and other hospital services. Specialty hospitals are classified in Industries 8063 and 8069.

Industry trends:

The General Medical and Surgical Hospitals sector (NAICS 8062) is undergoing significant transformations driven by several qualitative trends. One of the most notable trends is the acceleration of digital health innovations, including telemedicine, which has gained substantial traction due to the COVID-19 pandemic. As patients and providers have become more comfortable with virtual consultations, this trend is expected to continue with increasing investment in telehealth infrastructure and services.

Additionally, there is a growing emphasis on patient-centered care models that focus on improving the patient experience through enhanced communication, personalized treatment plans, and integrated care coordination. Hospitals are increasingly adopting electronic health records (EHRs) and advanced data analytics to improve patient outcomes and operational efficiency.

The industry is also experiencing a shift towards value-based care, where hospitals are incentivized to provide high-quality care while reducing costs. This is leading to more partnerships and collaborations between hospitals, insurance companies, and other healthcare providers to ensure better health outcomes at a lower cost.

In terms of workforce trends, there is an increased focus on addressing the burnout and mental well-being of healthcare professionals, a challenge that has been exacerbated by the pandemic. Hospitals are adopting various support programs and wellness initiatives to retain and attract talent.

Looking ahead, we can expect continuous advancements in medical technologies such as AI, machine learning, and robotics, which will further enhance diagnostic and treatment capabilities. The sector is also likely to see expanded roles for outpatient services and home healthcare as part of broader efforts to reduce hospital readmissions and manage chronic conditions.

This industry is comprised of:

General medical and surgical hospitals

Explore related industries:

SIC 0741 - Veterinary Services For Livestock SIC 6324 - Hospital and Medical Service Plans SIC 8734 - Testing Laboratories

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