Major Group SIC 8063 - Psychiatric Hospitals

SIC 8063 - Psychiatric Hospitals

SIC 80 - Health Services
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- 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 8063 - Psychiatric Hospitals
    SIC 8062 - General Medical And Surgical Hospitals SIC 8063 - Psychiatric Hospitals SIC 8069 - Specialty Hospitals, Except Psychiatric

Establishments primarily engaged in providing diagnostic medical services and inpatient treatment for the mentally ill. Establishments, known as hospitals, primarily engaged in providing health care for the mentally retarded are classified in Industry 8051.

Industry trends:

NAICS 8063, Psychiatric Hospitals, has been witnessing several qualitative trends driven by shifts in societal attitudes towards mental health, advancements in medical technology, and evolving policy landscapes. One prominent trend is the increasing integration of telepsychiatry and telehealth services. The COVID-19 pandemic accelerated the adoption of remote mental health care, and this trend appears to be solidifying as both providers and patients recognize the benefits of accessibility and convenience.

An emphasis on personalized treatment plans is also becoming more prevalent. This approach leverages data from genetic testing and advanced diagnostics to tailor therapies that meet individual patient needs more effectively. Hospitals are adopting patient-centric models, fostering environments that promote holistic well-being, incorporating not just medication and therapy, but also lifestyle adjustments, nutritional counseling, and support for family members.

Another trend is the rise in collaboration between psychiatric hospitals and other healthcare institutions, community organizations, and educational institutions to provide a continuum of care. This integrated care model aims to address mental health comprehensively, reducing stigmatization and improving patient outcomes.

The forecast for the near future suggests continued growth in telepsychiatry, driven by technological advancements and expanded insurance coverage. There is also an anticipated increase in funding for mental health services, recognizing the growing need for accessible mental health care. These shifts indicate a progressive movement towards more inclusive, efficient, and patient-centered psychiatric care. The industry is expected to continue evolving, driven by innovation, policy support, and a deeper societal understanding of mental health issues.

This industry is comprised of:

Mental hospitals, except for the mentally retarded

Psychiatric hospitals

Explore related industries:

SIC 6324 - Hospital and Medical Service Plans SIC 8361 - Residential Care SIC 8734 - Testing Laboratories

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