Tools commonly used in the Skilled Nursing Care Facilities industry for day-to-day tasks and operations.

• Electronic Health Records (EHR)
• Medication Dispensing Systems
• Patient Lifts
• Wheelchairs
• Blood Pressure Monitors
• Glucose Meters
• Oxygen Tanks
• Nebulizers
• Suction Machines
• Electronic Bedside Monitors

Common products and services typical of NAICS Code 623311-03, illustrating the main business activities and contributions to the market.

• Rehabilitation Centers
• Hospice Care Facilities
• Long-Term Care Facilities
• Memory Care Facilities
• Assisted Living Facilities
• Home Health Care Agencies
• Acute Care Hospitals
• Outpatient Clinics
• Skilled Nursing Homes
• Palliative Care Centers

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

• Nursing Home Administrator License: A license required by the National Association of Long Term Care Administrator Boards (NAB) for individuals who manage nursing homes. The license ensures that the administrator has the necessary skills and knowledge to manage a nursing home.
• Certified Nursing Assistant (CNA): A certification required by the National Council of State Boards of Nursing (NCSBN) for individuals who provide direct patient care in nursing homes. The certification ensures that the individual has the necessary skills and knowledge to provide quality care to patients.
• Medicare and Medicaid Certification: A certification required by the Centers for Medicare and Medicaid Services (CMS) for nursing homes that want to participate in the Medicare and Medicaid programs. The certification ensures that the nursing home meets certain quality standards and is eligible to receive reimbursement from Medicare and Medicaid.
• Infection Preventionist Training: A training program required by the Centers for Disease Control and Prevention (CDC) for nursing homes that want to participate in the National Healthcare Safety Network (NHSN). The training ensures that the nursing home has the necessary skills and knowledge to prevent and control infections.
• HIPAA Compliance: Compliance with the Health Insurance Portability and Accountability Act (HIPAA) is required for nursing homes that handle patient health information. The compliance ensures that patient health information is kept confidential and secure.

A concise historical narrative of NAICS Code 623311-03 covering global milestones and recent developments within the United States.

• The Skilled Nursing Care Facilities 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 faced a crisis due to a lack of funding, which led to a decline in the quality of care. However, in the 1990s, the industry began to recover, and new regulations were put in place to improve the quality of care. In recent years, the industry has continued to evolve, with a focus on providing more personalized care and incorporating new technologies to improve patient outcomes. In the United States, the Skilled Nursing Care Facilities industry has seen significant growth in recent years due to an aging population and an increase in chronic diseases. The industry has also faced challenges, including staffing shortages and increased competition from home health care providers. In response, many skilled nursing facilities have begun to offer more specialized services, such as memory care and rehabilitation services, to differentiate themselves from competitors. Additionally, the industry has seen an increase in the use of technology, such as electronic health records and telemedicine, to improve patient care and outcomes. Overall, the Skilled Nursing Care Facilities industry in the United States has a rich history and continues to evolve to meet the changing needs of patients and the healthcare industry.

The anticipated future trajectory of the NAICS 623311-03 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Stable

  The skilled nursing care facilities 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 market size for skilled nursing care facilities is expected to reach USD 232.5 billion by 2028, growing at a CAGR of 6.6% from 2021 to 2028. The industry is also expected to benefit from the increasing adoption of technology in healthcare, which can improve patient outcomes and reduce costs. However, the industry may face challenges such as staffing shortages and regulatory changes, which can impact the quality of care provided. Overall, the skilled nursing care facilities industry is poised for growth in the coming years, but will need to adapt to changing market conditions to remain competitive.

Recent groundbreaking advancements and milestones in the Skilled Nursing Care Facilities industry, reflecting notable innovations that have reshaped its landscape.

• Telemedicine: Skilled nursing care facilities are increasingly adopting telemedicine technology to provide remote care to patients. This technology allows healthcare providers to monitor patients' health remotely, reducing the need for in-person visits and improving patient outcomes.
• Electronic Health Records (Ehrs): EHRs are becoming more widely used in skilled nursing care facilities, allowing healthcare providers to access patient information quickly and easily. This technology can improve patient safety and reduce medical errors.
• Fall Prevention Programs: Skilled nursing care facilities are implementing fall prevention programs to reduce the risk of falls among patients. These programs can include exercise programs, environmental modifications, and staff training.
• Wound Care Management: Skilled nursing care facilities are adopting new wound care management technologies to improve patient outcomes. These technologies can include advanced dressings, negative pressure wound therapy, and hyperbaric oxygen therapy.
• Medication Management: Skilled nursing care facilities are using technology to improve medication management, reducing the risk of medication errors and improving patient safety. This can include medication dispensing systems, electronic medication administration records, and medication reconciliation programs.