NAICS Code 621999-31 - Medical Examinations-Insurance

Marketing Level - NAICS 8-Digit

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NAICS Code 621999-31 Description (8-Digit)

Medical Examinations-Insurance is a subdivision of the NAICS Code 621999 that involves the provision of medical examinations and tests for insurance purposes. This industry is responsible for conducting medical examinations and tests to determine the health status of individuals who are applying for insurance policies. The results of these examinations and tests are used by insurance companies to determine the level of risk associated with insuring an individual. Medical Examinations-Insurance is an important industry as it helps insurance companies to make informed decisions about the level of coverage they can offer to individuals.

Hierarchy Navigation for NAICS Code 621999-31

Tools

Tools commonly used in the Medical Examinations-Insurance industry for day-to-day tasks and operations.

  • Blood pressure monitor
  • Stethoscope
  • EKG machine
  • Urine test strips
  • Glucose meter
  • Scale
  • Tape measure
  • Ophthalmoscope
  • Otoscope
  • Spirometer

Industry Examples of Medical Examinations-Insurance

Common products and services typical of NAICS Code 621999-31, illustrating the main business activities and contributions to the market.

  • Life insurance medical exam
  • Disability insurance medical exam
  • Long-term care insurance medical exam
  • Travel insurance medical exam
  • Critical illness insurance medical exam
  • Key person insurance medical exam
  • High-risk insurance medical exam
  • Workers' compensation insurance medical exam
  • Aviation insurance medical exam
  • Marine insurance medical exam

Certifications, Compliance and Licenses for NAICS Code 621999-31 - Medical Examinations-Insurance

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

  • Certified Medical Examiner (CME): A certification required by the Federal Motor Carrier Safety Administration (FMCSA) for healthcare professionals who conduct physical examinations for commercial motor vehicle drivers. The CME certification ensures that the examiner is knowledgeable about FMCSA regulations and guidelines. The National Registry of Certified Medical Examiners provides this certification.
  • Medical Review Officer (MRO) Certification: A certification required by the Department of Transportation (DOT) for healthcare professionals who review drug test results for safety-sensitive employees. The MRO certification ensures that the reviewer is knowledgeable about DOT regulations and guidelines. The Medical Review Officer Certification Council provides this certification.
  • Certified Professional Coder (CPC): A certification required by the American Academy of Professional Coders (AAPC) for healthcare professionals who work with medical codes. The CPC certification ensures that the coder is knowledgeable about medical terminology, anatomy, and coding guidelines. The AAPC provides this certification.
  • Certified Medical Administrative Assistant (CMAA): A certification required by the National Healthcareer Association (NHA) for healthcare professionals who work in administrative roles. The CMAA certification ensures that the assistant is knowledgeable about medical terminology, office procedures, and patient confidentiality. The NHA provides this certification.
  • Certified Professional In Healthcare Risk Management (CPHRM): A certification required by the American Hospital Association (AHA) for healthcare professionals who work in risk management roles. The CPHRM certification ensures that the professional is knowledgeable about risk management principles, patient safety, and healthcare regulations. The AHA provides this certification.

History

A concise historical narrative of NAICS Code 621999-31 covering global milestones and recent developments within the United States.

  • The "Medical Examinations-Insurance" industry has a long history dating back to the early 20th century when medical exams became a requirement for life insurance policies. The industry has since evolved to include a wide range of medical examinations for various purposes, including pre-employment screenings, immigration exams, and disability evaluations. In recent years, the industry has seen notable advancements in technology, such as the use of electronic health records and telemedicine, which have improved the efficiency and accuracy of medical examinations. In the United States, the industry has also been impacted by changes in healthcare policy, such as the Affordable Care Act, which has increased demand for preventative care services and medical screenings.

Future Outlook for Medical Examinations-Insurance

The anticipated future trajectory of the NAICS 621999-31 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The future outlook for the Medical Examinations-Insurance industry in the USA is positive. The industry is expected to grow due to the increasing demand for medical examinations for insurance purposes. The aging population and the rise in chronic diseases are also expected to contribute to the growth of the industry. The industry is also expected to benefit from the increasing adoption of telemedicine, which allows patients to receive medical examinations remotely. However, the industry may face challenges due to the increasing competition and the changing regulatory environment.

Industry Innovations for NAICS Code 621999-31

Recent groundbreaking advancements and milestones in the Medical Examinations-Insurance industry, reflecting notable innovations that have reshaped its landscape.

  • Virtual Medical Exams: With the rise of telemedicine, many companies are now offering virtual medical exams for insurance purposes. These exams can be conducted remotely, which saves time and money for both the patient and the insurer.
  • Wearable Technology: Many insurers are now using wearable technology to collect health data from their policyholders. This data can be used to assess the risk of insuring a particular individual and to offer personalized insurance plans.
  • Artificial Intelligence: Some companies are now using artificial intelligence to analyze medical data and to identify potential health risks. This technology can help insurers to offer more accurate and personalized insurance plans.
  • Mobile Medical Exams: Some companies are now offering mobile medical exams, which can be conducted at the patient's home or workplace. This service is particularly useful for individuals who have difficulty traveling to a medical facility.
  • Genetic Testing: Some insurers are now offering genetic testing to their policyholders. This testing can help to identify potential health risks and to offer personalized insurance plans.

NAICS Code 621999-31 - Medical Examinations-Insurance

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