623312 - Assisted Living Facilities for the Elderly
Introduction
If you're exploring opportunities or researching the senior care industry, understanding NAICS code 623312 is essential. This specific code relates to Assisted Living Facilities for the Elderly, a vital segment within the health care industry dedicated to enhancing the quality of life for elderly individuals. Whether you're a business owner, government contractor, or investor, knowing this classification can help you navigate regulations, funding, and market potentials.
What is NAICS Code 623312?
NAICS code 623312 is defined as establishments primarily engaged in providing residential care combined with nursing or supervisory care for elderly individuals who do not require continuous nursing services. These facilities are designed for seniors who need assistance with daily living but do not need intensive medical care.
Key Services Covered Under NAICS 623312:
- Assistance with daily living activities (e.g., bathing, dressing)
- Meal preparation and dining services
- Medication management and supervision
- Housekeeping and maintenance
- Recreational and social activities tailored for elderly residents
Sector: Health Care and Social Assistance
NAICS 623312 falls under the broader Health Care and Social Assistance sector. This sector encompasses services aimed at improving health outcomes and offering supportive care to different populations, particularly vulnerable groups like the elderly.
Typical Business Types Using NAICS 623312:
- Senior assisted living communities
- Residential care homes for the elderly
- Elderly supportive housing facilities
- Adult care homes providing non-continuous nursing care
- Group living arrangements offering supervisory support to seniors
Size Standard for NAICS 623312
For businesses operating under NAICS code 623312, the Small Business Administration (SBA) size standard is $23.5 million dollars in average annual receipts. This size standard helps determine eligibility for federal contracts and small business programs.
Examples of Businesses in NAICS 623312
- Sunrise Senior Living: Specializes in providing assisted living services along with memory care and wellness programs.
- Brookdale Senior Living: Offers comprehensive assisted living residential care tailored to elderly needs.
- Local residential care providers: Smaller entities running licensed adult care homes or community-based elderly supportive housing.
Frequently Asked Questions (FAQ)
What types of care are provided at assisted living facilities under NAICS 623312?
Assisted living facilities offer help with daily activities like bathing, dressing, eating, medication management, and housekeeping but do not provide continuous nursing care.
How is NAICS code 623312 different from nursing homes?
NAICS 623312 facilities focus on supportive residential care with some nursing supervision, whereas nursing homes provide 24-hour continuous nursing care for residents needing medical attention.
Why is the size standard important?
The SBA size standard of $23.5 million helps businesses determine if they qualify as a small business, which can be critical for securing government contracts and funding support.
Can businesses providing services for elderly disabled individuals fall under NAICS 623312?
Yes, as long as the primary activity involves residential assisted living and supportive care for elderly individuals who don’t require continuous nursing care.
Conclusion
Understanding NAICS code 623312 - Assisted Living Facilities for the Elderly is crucial for businesses and stakeholders involved in elderly care services. This classification not only defines the scope of services provided but also helps in compliance, funding, and market analysis within the Health Care and Social Assistance sector. Whether you're operating a senior living community or a residential care home for the elderly, aligning with this NAICS classification ensures you meet both regulatory and business standards.
Keywords: NAICS code 623312, Assisted Living Facilities for the Elderly, senior assisted living, residential care homes, elderly supportive housing, health care and social assistance, small business size standard, elderly care services.
