SIC Code 8741-01 - Medical Business Administration
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SIC Code 8741-01 Description (6-Digit)
Medical Business Administration is a specialized field within the broader category of management services. It involves the management and administration of medical practices, healthcare facilities, and healthcare systems. Professionals in this industry are responsible for ensuring the smooth operation of medical facilities, managing finances, overseeing staff, and ensuring compliance with regulations and laws. Medical Business Administration is a critical component of the healthcare industry, as it ensures that medical facilities are able to provide high-quality care to patients while remaining financially stable.
Hierarchy Navigation for SIC 6-Digit Code 8741-01
Parent Code (less specific)
Tools
- Electronic Health Records (EHR) software
- Medical billing software
- Practice management software
- Patient scheduling software
- Revenue cycle management software
- Electronic prescribing software
- Medical coding software
- Medical inventory management software
- Telemedicine software
- Compliance management software
- Healthcare analytics software
- Human resources management software
- Accounting software
- Project management software
- Customer relationship management (CRM) software
- Electronic signature software
- Secure messaging software
- Cloud storage solutions
- Virtual private network (VPN) software
- Cybersecurity software
Industry Examples of Medical Business Administration
- Hospital administration
- Medical practice management
- Healthcare system management
- Ambulatory care center management
- Longterm care facility management
- Health insurance company management
- Medical billing and coding services
- Healthcare consulting
- Medical equipment and supplies distribution
- Healthcare software development
SIC Code 8741-01 - Medical Business Administration
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