Tools commonly used in the Long Term Care Facility industry for day-to-day tasks and operations.

• Electronic Health Records (EHR)
• Medication Dispensing Systems
• Fall Prevention Alarms
• Wheelchairs and Mobility Aids
• Lifts and Transfer Equipment
• Vital Sign Monitors
• Wound Care Supplies
• Adaptive Eating Utensils
• Bathing and Showering Aids
• Memory Care Tools

Common products and services typical of NAICS Code 623110-15, illustrating the main business activities and contributions to the market.

• Assisted Living Facilities
• Memory Care Facilities
• Skilled Nursing Facilities
• Rehabilitation Centers
• Hospice Care Facilities
• Continuing Care Retirement Communities
• Alzheimer's Care Facilities
• Residential Care Homes
• Adult Day Care Centers
• Home Health Care Agencies

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

• Certified Nursing Assistant (CNA): A certification that allows individuals to work as nursing assistants in long-term care facilities. The certification is provided by the National Council of State Boards of Nursing.
• Licensed Practical Nurse (LPN): A certification that allows individuals to work as licensed practical nurses in long-term care facilities. The certification is provided by the National Council of State Boards of Nursing.
• Registered Nurse (RN): A certification that allows individuals to work as registered nurses in long-term care facilities. The certification is provided by the National Council of State Boards of Nursing.
• Certified Aging In Place Specialist (CAPS): A certification that allows individuals to specialize in designing and building homes for aging adults. The certification is provided by the National Association of Home Builders.
• Certified Dementia Practitioner (CDP): A certification that allows individuals to specialize in caring for individuals with dementia. The certification is provided by the National Council of Certified Dementia Practitioners.

A concise historical narrative of NAICS Code 623110-15 covering global milestones and recent developments within the United States.

• The Long Term Care Facility industry has a long history dating back to the early 20th century. The first nursing homes were established in the United States in the 1920s, and by the 1950s, the industry had grown significantly. In the 1960s, the government began to regulate nursing homes, and the industry saw a shift towards more specialized care. In the 1980s, the industry experienced a boom due to the aging baby boomer population, and the number of nursing homes in the United States increased dramatically. In recent years, the industry has faced challenges such as staffing shortages, rising costs, and increased competition from home health care services. In the United States, the Long Term Care Facility industry has undergone significant changes in recent years. The Affordable Care Act of 2010 introduced new regulations and standards for nursing homes, and the industry has seen a shift towards more person-centered care. In addition, advances in technology have allowed for more efficient and effective care, and the industry has seen an increase in the use of electronic health records and telemedicine. However, the industry continues to face challenges such as rising costs, staffing shortages, and an aging population. Despite these challenges, the Long Term Care Facility industry remains an essential part of the healthcare system in the United States.

The anticipated future trajectory of the NAICS 623110-15 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Stable

  The long-term care facility industry in the USA is expected to grow in the coming years due to the aging population and the increasing demand for long-term care services. According to a report by Grand View Research, the global long-term care market size is expected to reach USD 1.7 trillion by 2025, growing at a CAGR of 7.9% from 2019 to 2025. The report also states that the increasing prevalence of chronic diseases, such as dementia and Alzheimer's, is driving the demand for long-term care services. Additionally, the COVID-19 pandemic has highlighted the importance of long-term care facilities and the need for better infection control measures. The industry is expected to continue to grow as the population ages and the demand for long-term care services increases.

Recent groundbreaking advancements and milestones in the Long Term Care Facility industry, reflecting notable innovations that have reshaped its landscape.

• Telemedicine: Long-term care facilities are increasingly using telemedicine to provide remote care to patients. This technology allows healthcare providers to monitor patients remotely and provide care without the need for in-person visits.
• Electronic Health Records (Ehrs): EHRs are becoming more common in long-term care facilities, allowing healthcare providers to access patient information quickly and easily. This technology can improve patient outcomes and reduce medical errors.
• Fall Prevention Programs: Many long-term care facilities are implementing fall prevention programs to reduce the risk of falls among patients. These programs can include exercise programs, medication reviews, and environmental modifications.
• Person-Centered Care: Person-centered care is an approach to care that focuses on the individual needs and preferences of each patient. This approach can improve patient outcomes and satisfaction.
• Dementia Care: Long-term care facilities are increasingly focusing on providing specialized care for patients with dementia. This can include specialized training for staff, environmental modifications, and specialized programming.