NAICS Code 524114-05 - Insurance-Cancer
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NAICS Code 524114-05 Description (8-Digit)
Hierarchy Navigation for NAICS Code 524114-05
Parent Code (less specific)
Tools
Tools commonly used in the Insurance-Cancer industry for day-to-day tasks and operations.
- Cancer insurance policies
- Underwriting software
- Actuarial software
- Claims processing software
- Risk assessment tools
- Customer relationship management (CRM) software
- Electronic medical records (EMR) software
- Data analytics tools
- Fraud detection software
- Compliance management software
Industry Examples of Insurance-Cancer
Common products and services typical of NAICS Code 524114-05, illustrating the main business activities and contributions to the market.
- Cancer treatment insurance
- Cancer care insurance
- Cancer expense insurance
- Cancer protection insurance
- Cancer support insurance
- Cancer survivor insurance
- Cancer diagnosis insurance
- Cancer screening insurance
- Cancer prevention insurance
- Cancer research insurance
Certifications, Compliance and Licenses for NAICS Code 524114-05 - Insurance-Cancer
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Cancer and Genetics Risk Assessment Certification: This certification is provided by the National Society of Genetic Counselors and is required for professionals who provide genetic counseling services to cancer patients. The certification ensures that the counselor has the necessary knowledge and skills to assess cancer risk and provide appropriate counseling.
- Certified Tumor Registrar (CTR): This certification is provided by the National Cancer Registrars Association and is required for professionals who maintain cancer patient records. The certification ensures that the registrar has the necessary knowledge and skills to accurately record and report cancer data.
- HIPAA Compliance Certification: This certification is provided by various organizations and is required for professionals who handle patient health information. The certification ensures that the professional has the necessary knowledge and skills to comply with the Health Insurance Portability and Accountability Act (HIPAA) regulations.
- Insurance License: This license is required for professionals who sell insurance policies. The license ensures that the professional has the necessary knowledge and skills to sell insurance policies in compliance with state regulations.
- Medical License: This license is required for medical professionals who diagnose and treat cancer patients. The license ensures that the professional has the necessary knowledge and skills to provide medical care in compliance with state regulations.
History
A concise historical narrative of NAICS Code 524114-05 covering global milestones and recent developments within the United States.
- The "Insurance-Cancer" industry has a long history dating back to the early 1900s when the first cancer insurance policies were introduced in the United States. These policies were designed to provide financial support to cancer patients and their families. In the 1950s, the industry saw significant growth due to the development of new cancer treatments such as chemotherapy and radiation therapy. In recent years, the industry has continued to evolve with the introduction of new technologies such as genetic testing and precision medicine. In the United States, the Affordable Care Act of 2010 has also had a significant impact on the industry, with more people gaining access to health insurance coverage and cancer screenings.
Future Outlook for Insurance-Cancer
The anticipated future trajectory of the NAICS 524114-05 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Growing
The future outlook for the "Insurance-Cancer" industry in the USA is positive due to the increasing prevalence of cancer and the rising demand for cancer insurance. According to the American Cancer Society, the number of cancer survivors in the US is expected to increase to 22.1 million by 2030, which will drive the demand for cancer insurance. Additionally, advancements in cancer treatments and early detection methods are expected to increase the survival rates of cancer patients, which will further boost the demand for cancer insurance. However, the industry may face challenges due to the high cost of cancer treatments and the increasing competition from other insurance products. Overall, the "Insurance-Cancer" industry is expected to grow steadily in the coming years.
Industry Innovations for NAICS Code 524114-05
Recent groundbreaking advancements and milestones in the Insurance-Cancer industry, reflecting notable innovations that have reshaped its landscape.
- Cancer Guardian: A program that provides personalized cancer prevention and early detection services to individuals and families. The program includes genetic testing, risk assessment, and access to a network of cancer specialists.
- Cancer Insurance Checklist: A tool developed by the American Cancer Society that helps cancer patients and their families evaluate and compare insurance plans. The tool provides information on coverage for cancer treatments, prescription drugs, and other services.
- Cancerlinq: A platform developed by the American Society of Clinical Oncology that collects and analyzes data on cancer treatments and outcomes. The platform helps oncologists make more informed treatment decisions and improve patient outcomes.
- Cancer Survivors Network: An online community developed by the American Cancer Society that provides support and resources to cancer survivors and their families. The community includes discussion forums, blogs, and educational resources.
- Cancer Treatment Centers Of America: A network of hospitals that specialize in cancer treatment. The centers offer a range of services, including advanced treatments, clinical trials, and integrative therapies.
NAICS Code 524114-05 - Insurance-Cancer
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