NAICS Code 524114-03 - Hospital & Medical Service Plans

Marketing Level - NAICS 8-Digit

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  • Company Name
  • Contact Name (where available)
  • Job Title (where available)
  • Full Business & Mailing Address
  • Business Phone Number
  • Industry Codes (Primary and Secondary SIC & NAICS Codes)
  • Sales Volume
  • Employee Count
  • Website (where available)
  • Years in Business
  • Location Type (HQ, Branch, Subsidiary)
  • Modeled Credit Rating
  • Public / Private Status
  • Latitude / Longitude
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Looking for more companies? See NAICS 524114 - Direct Health and Medical Insurance Carriers - 1,107 companies, 87,265 emails.

NAICS Code 524114-03 Description (8-Digit)

Hospital & Medical Service Plans is a subdivision of the Direct Health and Medical Insurance Carriers industry. This industry involves providing health and medical insurance coverage to individuals and groups. Hospital & Medical Service Plans specifically offer coverage for hospital stays, medical procedures, and other healthcare services. These plans can be offered by insurance companies, employers, or government programs.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 524114 page

Tools

Tools commonly used in the Hospital & Medical Service Plans industry for day-to-day tasks and operations.

  • Claims processing software
  • Health risk assessment tools
  • Provider network management software
  • Electronic health records (EHR) systems
  • Medical coding and billing software
  • Customer relationship management (CRM) software
  • Telemedicine platforms
  • Health savings account (HSA) management software
  • Fraud detection software
  • Data analytics tools

Industry Examples of Hospital & Medical Service Plans

Common products and services typical of NAICS Code 524114-03, illustrating the main business activities and contributions to the market.

  • Health insurance plans
  • Medical coverage plans
  • Hospitalization insurance
  • Prescription drug plans
  • Dental insurance
  • Vision insurance
  • Mental health coverage
  • Maternity coverage
  • Long-term care insurance
  • Disability insurance

History

A concise historical narrative of NAICS Code 524114-03 covering global milestones and recent developments within the United States.

  • The Hospital & Medical Service Plans industry has a long history dating back to the early 20th century when the first Blue Cross plan was established in the United States. This plan was created to provide prepaid hospital care to individuals and was the first of its kind. In the 1930s, Blue Shield plans were established to provide prepaid physician services. The two plans merged in the 1980s to form Blue Cross Blue Shield. In recent years, the industry has seen significant growth due to the implementation of the Affordable Care Act, which has increased the number of individuals with health insurance coverage. Additionally, advancements in medical technology and treatments have led to increased demand for health insurance coverage.