NAICS Code 623110-14 - Life Care Communities
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NAICS Code 623110-14 Description (8-Digit)
Hierarchy Navigation for NAICS Code 623110-14
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Tools
Tools commonly used in the Life Care Communities industry for day-to-day tasks and operations.
- Electronic Health Records (EHR)
- Medication Management Systems
- Fall Prevention Technology
- Emergency Call Systems
- Resident Assessment Tools
- Memory Care Programs
- Physical Therapy Equipment
- Mobility Aids (e.g. walkers, wheelchairs)
- Nutritional Management Software
- Staff Scheduling Software
Industry Examples of Life Care Communities
Common products and services typical of NAICS Code 623110-14, illustrating the main business activities and contributions to the market.
- Continuing Care Retirement Communities
- Senior Living Communities
- Retirement Communities
- Assisted Living Communities
- Skilled Nursing Facilities
- Memory Care Communities
- Independent Living Communities
- Active Adult Communities
- 55+ Communities
- Residential Care Communities
Certifications, Compliance and Licenses for NAICS Code 623110-14 - Life Care Communities
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Assisted Living Administrator Certification: This certification is required for individuals who manage assisted living facilities. It is provided by the National Association of Long Term Care Administrator Boards (NAB) and requires passing an exam.
- Certified Dementia Practitioner: This certification is for individuals who work with individuals with dementia. It is provided by the National Council of Certified Dementia Practitioners (NCCDP) and requires completing a training program and passing an exam.
- Certified Aging In Place Specialist: This certification is for individuals who work with seniors to help them age in place. It is provided by the National Association of Home Builders (NAHB) and requires completing a training program and passing an exam.
- Certified Senior Advisor: This certification is for individuals who work with seniors and their families. It is provided by the Society of Certified Senior Advisors (SCSA) and requires completing a training program and passing an exam.
- Certified Rehabilitation Registered Nurse: This certification is for registered nurses who work in rehabilitation settings. It is provided by the Association of Rehabilitation Nurses (ARN) and requires completing a training program and passing an exam.
History
A concise historical narrative of NAICS Code 623110-14 covering global milestones and recent developments within the United States.
- Life Care Communities, a sub-industry of Nursing Care Facilities, has a long history dating back to the early 1900s. The first life care community was established in 1906 in California, and by the 1920s, the concept had spread to other parts of the United States. The industry continued to grow throughout the 20th century, with the first Continuing Care Retirement Communities (CCRCs) appearing in the 1960s. These communities offered a range of services, including independent living, assisted living, and skilled nursing care, all on one campus. In recent years, the industry has seen a shift towards more person-centered care, with a focus on providing residents with a high quality of life and a sense of community. This has led to the development of new models of care, such as the Green House Project, which emphasizes small, home-like environments and a more personalized approach to care.
Future Outlook for Life Care Communities
The anticipated future trajectory of the NAICS 623110-14 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 Life Care Communities industry in the USA is positive. The industry is expected to grow due to the aging population in the country. According to the US Census Bureau, the number of Americans aged 65 and older is projected to reach 95 million by 2060. This demographic shift is expected to increase demand for senior living facilities, including life care communities. Additionally, advancements in technology and healthcare are expected to improve the quality of care provided by these communities, making them more attractive to potential residents and their families.
Industry Innovations for NAICS Code 623110-14
Recent groundbreaking advancements and milestones in the Life Care Communities industry, reflecting notable innovations that have reshaped its landscape.
- Virtual Reality Technology: Life care communities are using virtual reality technology to provide residents with immersive experiences, such as virtual travel and entertainment.
- Smart Home Technology: Many life care communities are incorporating smart home technology into their facilities, allowing residents to control their environment with voice commands or mobile apps.
- Telemedicine: Some life care communities are using telemedicine to provide residents with remote medical care, reducing the need for in-person doctor visits.
- Intergenerational Programs: Life care communities are partnering with local schools and community organizations to provide residents with opportunities to interact with younger generations.
- Sustainable Design: Many life care communities are incorporating sustainable design features into their facilities, such as solar panels and energy-efficient appliances, to reduce their environmental impact.
NAICS Code 623110-14 - Life Care Communities
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