NAICS Code 541618-23 - Hospital Consultants

Marketing Level - NAICS 8-Digit

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Looking for more companies? See NAICS 541618 - Other Management Consulting Services - 39,551 companies, 167,266 emails.

NAICS Code 541618-23 Description (8-Digit)

Hospital Consultants are professionals who provide expert advice and guidance to healthcare organizations, including hospitals, clinics, and medical centers. They work with healthcare providers to improve the quality of patient care, increase efficiency, and reduce costs. Hospital Consultants may specialize in a particular area of healthcare, such as finance, operations, or technology, and they use their expertise to help healthcare organizations achieve their goals.

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 541618 page

Tools

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

  • Electronic Health Record (EHR) software
  • Healthcare analytics software
  • Patient satisfaction survey tools
  • Lean Six Sigma methodology
  • Revenue cycle management software
  • Healthcare project management software
  • Clinical decision support systems
  • Healthcare data visualization tools
  • Quality improvement tools (e.g. Plan-Do-Study-Act cycle)
  • Healthcare compliance software

Industry Examples of Hospital Consultants

Common products and services typical of NAICS Code 541618-23, illustrating the main business activities and contributions to the market.

  • Healthcare operations management
  • Healthcare finance consulting
  • Healthcare technology consulting
  • Healthcare strategy consulting
  • Healthcare process improvement
  • Healthcare data analytics
  • Healthcare revenue cycle management
  • Healthcare risk management
  • Healthcare compliance consulting
  • Healthcare project management

History

A concise historical narrative of NAICS Code 541618-23 covering global milestones and recent developments within the United States.

  • The Hospital Consultants industry has a long history dating back to the early 20th century when hospitals began to emerge as a separate entity from the medical profession. In the 1920s, hospitals began to hire consultants to help them manage their finances and operations. The industry continued to grow throughout the 20th century, with consultants providing a wide range of services, including strategic planning, financial management, and healthcare technology. In recent years, the industry has seen significant growth due to the increasing demand for healthcare services and the need for hospitals to become more efficient and cost-effective. The rise of healthcare technology has also played a significant role in the growth of the industry, with consultants providing expertise in areas such as electronic health records, telemedicine, and data analytics. In the United States, the Hospital Consultants industry has experienced significant growth in recent years due to the implementation of the Affordable Care Act (ACA) in 2010. The ACA has led to an increase in demand for healthcare services, which has in turn led to an increase in demand for hospital consultants. The industry has also benefited from the growing trend towards value-based care, which has led to a greater focus on quality and efficiency in healthcare delivery. In addition, the rise of healthcare technology has created new opportunities for consultants to provide expertise in areas such as cybersecurity, data analytics, and telemedicine. Overall, the Hospital Consultants industry is expected to continue to grow in the coming years as healthcare providers seek to improve the quality and efficiency of their services.