NAICS Code 524114-04 - Hospitalization Plans-Medical & Surgical

Marketing Level - NAICS 8-Digit

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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 524114-04 Description (8-Digit)

The Hospitalization Plans-Medical & Surgical industry involves companies that provide direct medical and surgical insurance coverage for hospitalization expenses. This includes coverage for inpatient hospital stays, surgeries, and other medical procedures that require hospitalization. These plans may be offered as standalone policies or as part of a larger health insurance package.

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 Hospitalization Plans-Medical & Surgical industry for day-to-day tasks and operations.

  • Claims processing software
  • Underwriting software
  • Actuarial software
  • Risk management software
  • Customer relationship management (CRM) software
  • Electronic health records (EHR) software
  • Medical coding and billing software
  • Fraud detection software
  • Data analytics software
  • Compliance management software

Industry Examples of Hospitalization Plans-Medical & Surgical

Common products and services typical of NAICS Code 524114-04, illustrating the main business activities and contributions to the market.

  • Inpatient hospitalization insurance
  • Surgical insurance
  • Medical procedure insurance
  • Hospital stay insurance
  • Emergency room insurance
  • Intensive care unit (ICU) insurance
  • Anesthesia insurance
  • Diagnostic testing insurance
  • Outpatient surgery insurance
  • Ambulatory surgery insurance

History

A concise historical narrative of NAICS Code 524114-04 covering global milestones and recent developments within the United States.

  • The Hospitalization Plans-Medical & Surgical industry has a long history dating back to the early 20th century when the first hospital insurance plans were introduced in the United States. These plans were designed to cover the cost of hospitalization for policyholders, and they quickly gained popularity. In the 1940s, the Blue Cross and Blue Shield plans were established, which provided coverage for hospitalization and medical expenses. In the 1960s, the Medicare and Medicaid programs were introduced, which provided health insurance coverage for the elderly and low-income individuals. In recent years, the Hospitalization Plans-Medical & Surgical industry has seen significant growth due to the increasing demand for healthcare services and the rising cost of medical care. In the United States, the Hospitalization Plans-Medical & Surgical industry has undergone significant changes in recent years. The passage of the Affordable Care Act in 2010 led to the expansion of health insurance coverage to millions of Americans. The industry has also seen increased consolidation, with many smaller insurers merging with larger companies to gain a competitive edge. The rise of telemedicine and other technological advancements has also had a significant impact on the industry, allowing for more efficient and cost-effective delivery of healthcare services. Despite these changes, the Hospitalization Plans-Medical & Surgical industry continues to face challenges such as rising healthcare costs and regulatory uncertainty.