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NAICS Code 449210-81 Description (8-Digit)

Medical Software (Retail) is a subdivision of the Electronics and Appliance Retailers industry that specializes in the sale of software products designed for use in the healthcare industry. This industry involves the retail sale of medical software products that are used for a variety of purposes, including electronic health records (EHRs), medical billing and coding, practice management, and clinical decision support. Medical software products are designed to improve the efficiency and accuracy of healthcare operations, reduce costs, and improve patient outcomes.

Hierarchy Navigation for NAICS Code 449210-81

Tools

Tools commonly used in the Medical Software (Retail) industry for day-to-day tasks and operations.

  • Electronic Health Record (EHR) software
  • Medical billing and coding software
  • Practice management software
  • Clinical decision support software
  • Medical imaging software
  • Telemedicine software
  • Patient engagement software
  • Medical research software
  • Medical device integration software
  • Health information exchange (HIE) software

Industry Examples of Medical Software (Retail)

Common products and services typical of NAICS Code 449210-81, illustrating the main business activities and contributions to the market.

  • Electronic Health Records (EHRs)
  • Medical billing and coding software
  • Practice management software
  • Clinical decision support software
  • Medical imaging software
  • Telemedicine software
  • Patient engagement software
  • Medical research software
  • Medical device integration software
  • Health information exchange (HIE) software

Certifications, Compliance and Licenses for NAICS Code 449210-81 - Medical Software (Retail)

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

  • HIPAA Compliance: The Health Insurance Portability and Accountability Act (HIPAA) sets the standard for sensitive patient data protection. Medical software retailers must comply with HIPAA regulations to ensure the confidentiality, integrity, and availability of electronic protected health information (ePHI). The Department of Health and Human Services (HHS) provides guidance and resources for HIPAA compliance.
  • FDA Approval: Medical software retailers must comply with the Food and Drug Administration (FDA) regulations for medical devices. The FDA regulates medical software as a medical device if it meets the definition of a device under the Federal Food, Drug, and Cosmetic Act. The FDA provides guidance and resources for medical device manufacturers.
  • ONC Health IT Certification: The Office of the National Coordinator for Health Information Technology (ONC) provides a certification program for health IT products, including medical software. The ONC Health IT Certification Program ensures that health IT products meet the standards and certification criteria for interoperability, security, and privacy.
  • PCI DSS Compliance: The Payment Card Industry Data Security Standard (PCI DSS) is a set of security standards for organizations that accept credit card payments. Medical software retailers that accept credit card payments must comply with PCI DSS regulations to ensure the security of cardholder data. The PCI Security Standards Council provides guidance and resources for PCI DSS compliance.
  • ISO 13485 Certification: The International Organization for Standardization (ISO) provides a certification program for medical device quality management systems. Medical software retailers can obtain ISO 13485 certification to demonstrate compliance with international quality standards for medical devices.

History

A concise historical narrative of NAICS Code 449210-81 covering global milestones and recent developments within the United States.

  • The "Medical Software (Retail)" industry has a relatively short history, with the first electronic medical records (EMRs) being developed in the 1960s. However, it wasn't until the 1990s that the industry began to gain traction, with the introduction of the Health Insurance Portability and Accountability Act (HIPAA) in 1996, which required healthcare providers to maintain patient records electronically. In the early 2000s, the industry saw a surge in growth with the introduction of electronic prescribing (e-prescribing) and electronic health records (EHRs). In recent years, the industry has continued to evolve with the introduction of mobile health (mHealth) apps and telemedicine, which allow patients to receive medical care remotely. In the United States, the "Medical Software (Retail)" industry has seen significant growth in recent years, with the market size increasing from $3.8 billion in 2014 to $5.8 billion in 2019. This growth can be attributed to several factors, including the increasing adoption of EHRs by healthcare providers, the rise of mHealth apps, and the growing demand for telemedicine services. Additionally, the COVID-19 pandemic has accelerated the adoption of telemedicine, as patients seek to avoid in-person visits to healthcare providers. Overall, the "Medical Software (Retail)" industry is poised for continued growth in the coming years as healthcare providers and patients increasingly embrace digital health solutions.

Future Outlook for Medical Software (Retail)

The anticipated future trajectory of the NAICS 449210-81 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Growing

    The future outlook for the Medical Software (Retail) industry in the USA is positive. The industry is expected to grow due to the increasing demand for healthcare software solutions. The COVID-19 pandemic has accelerated the adoption of telemedicine and remote patient monitoring, which has increased the demand for medical software. The industry is also expected to benefit from the increasing use of electronic health records (EHRs) and the need for data analytics to improve patient outcomes. The industry is expected to continue to innovate and develop new software solutions to meet the changing needs of the healthcare industry.

Industry Innovations for NAICS Code 449210-81

Recent groundbreaking advancements and milestones in the Medical Software (Retail) industry, reflecting notable innovations that have reshaped its landscape.

  • Electronic Health Records (Ehrs): EHRs have become a standard in the healthcare industry, and medical software companies are developing new solutions to improve the functionality and usability of EHRs.
  • Telemedicine: The COVID-19 pandemic has accelerated the adoption of telemedicine, and medical software companies are developing new solutions to improve the patient experience and increase access to care.
  • Remote Patient Monitoring: Remote patient monitoring solutions are becoming increasingly popular, and medical software companies are developing new solutions to improve the accuracy and usability of these systems.
  • Artificial Intelligence (AI): AI is being used in medical software to improve diagnosis and treatment, and medical software companies are developing new AI-powered solutions to improve patient outcomes.
  • Data Analytics: Data analytics is becoming increasingly important in the healthcare industry, and medical software companies are developing new solutions to help healthcare providers make better use of their data.

NAICS Code 449210-81 - Medical Software (Retail)

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