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NAICS Code 532283-03 Description (8-Digit)

The Hospital Beds-Renting industry, a subdivision of Home Health Equipment Rental, involves the rental of hospital beds to patients who require extended care at home or in a healthcare facility. This industry provides a cost-effective alternative to purchasing a hospital bed, which can be expensive and impractical for short-term use. Hospital beds rented out by companies in this industry are typically adjustable and can be modified to meet the specific needs of the patient.

Hierarchy Navigation for NAICS Code 532283-03

Parent Code (less specific)

Tools

Tools commonly used in the Hospital Beds-Renting industry for day-to-day tasks and operations.

  • Electric hospital beds
  • Manual hospital beds
  • Bedside tables
  • Overbed tables
  • Bedside commodes
  • Mattresses
  • Bed rails
  • Trapeze bars
  • Patient lifts
  • Hoyer lifts
  • Wheelchairs
  • Walkers
  • Crutches
  • Canes
  • Oxygen concentrators
  • Nebulizers
  • Suction machines
  • Enteral feeding pumps
  • Infusion pumps

Industry Examples of Hospital Beds-Renting

Common products and services typical of NAICS Code 532283-03, illustrating the main business activities and contributions to the market.

  • Adjustable hospital beds
  • Electric hospital beds
  • Manual hospital beds
  • Bariatric hospital beds
  • Pediatric hospital beds
  • Low hospital beds
  • Full electric hospital beds
  • Semi-electric hospital beds
  • Homecare hospital beds
  • Long-term care hospital beds

Certifications, Compliance and Licenses for NAICS Code 532283-03 - Hospital Beds-Renting

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

  • Durable Medical Equipment, Prosthetics, Orthotics, and Supplies (DMEPOS) Accreditation: This accreditation is required for suppliers of durable medical equipment, prosthetics, orthotics, and supplies that are enrolled in Medicare. The accreditation is provided by the Centers for Medicare & Medicaid Services (CMS).
  • National Association Of Medical Equipment Suppliers (NAMES) Accreditation: This accreditation is provided by the National Association of Medical Equipment Suppliers (NAMES) and is required for suppliers of medical equipment.
  • Joint Commission Accreditation: This accreditation is provided by the Joint Commission and is required for healthcare organizations, including those that provide home health services.
  • HIPAA Compliance: The Health Insurance Portability and Accountability Act (HIPAA) requires healthcare providers to protect the privacy and security of patients' health information.
  • Occupational Safety and Health Administration (OSHA) Compliance: OSHA sets and enforces safety standards for workplaces, including healthcare facilities. Compliance with OSHA regulations is required for all healthcare providers.

History

A concise historical narrative of NAICS Code 532283-03 covering global milestones and recent developments within the United States.

  • The Hospital Beds-Renting industry has a long history dating back to the early 20th century when hospitals started renting out beds to patients who could not afford to buy them. Over time, the industry has evolved to include a wide range of medical equipment such as wheelchairs, oxygen tanks, and other home health equipment. In recent years, the industry has seen significant growth due to an aging population and an increase in chronic diseases. In the United States, the industry has also been impacted by changes in healthcare policies and regulations, which have led to increased demand for home healthcare services. For example, the Affordable Care Act has expanded access to healthcare services, including home healthcare, which has led to increased demand for rental equipment.

Future Outlook for Hospital Beds-Renting

The anticipated future trajectory of the NAICS 532283-03 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The hospital beds-renting industry in the USA is expected to grow in the coming years due to the increasing demand for home healthcare services. The aging population and the rise in chronic diseases are the major factors driving the growth of this industry. The COVID-19 pandemic has also increased the demand for hospital beds-renting services as hospitals are overwhelmed with patients. The industry is expected to continue to grow as the healthcare industry shifts towards home-based care. However, the industry may face challenges such as reimbursement issues and competition from other home healthcare services. Overall, the hospital beds-renting industry has a positive outlook in the USA.

Industry Innovations for NAICS Code 532283-03

Recent groundbreaking advancements and milestones in the Hospital Beds-Renting industry, reflecting notable innovations that have reshaped its landscape.

  • Smart Hospital Beds: These beds are equipped with sensors that monitor the patient's vital signs and movements, providing real-time data to healthcare providers.
  • Adjustable Beds: These beds can be adjusted to different positions, providing comfort to patients with different medical conditions.
  • Bariatric Beds: These beds are designed for obese patients, providing them with the necessary support and comfort.
  • Pressure Relief Mattresses: These mattresses are designed to prevent pressure ulcers in bedridden patients.
  • Telehealth Services: These services allow healthcare providers to remotely monitor patients using video conferencing and other technologies.

NAICS Code 532283-03 - Hospital Beds-Renting

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