NAICS 622110

This industry comprises establishments known and licensed as general medical and surgical hospitals primarily engaged in providing diagnostic and medical treatment (both surgical and nonsurgical) to inpatients with any of a wide variety of medical conditions.  These establishments maintain inpatient beds and provide patients with food services that meet their nutritional requirements.  These hospitals have an organized staff of physicians and other medical staff to provide patient care services.  These establishments usually provide other services, such as outpatient services, anatomical pathology services, diagnostic X-ray services, clinical laboratory services, operating room services for a variety of procedures, and pharmacy services.

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• The Service Businesses verticals featured at the Business Strata:G^® site reflect the definitions and designations of the North American Industrial Classification System (NAICS).
• The top of each industry vertical page includes the NAICS code and the NAICS definition for that industry segment.
• The source data is Risk Management Association's Annual Statement Studies. As you may know, RMA collects financial statements from banks, and aggregates the findings for all industries.
• RMA presents their data in 3 sections: the Top Quartile, the Middle Quartiles, the Bottom Quartile. RMA data also is available by five different ranges of annual sales volume. 
• We have identified five key ratios (from the dozens of ratios available) that are particularly important for Owners of Service Businesses to monitor, project, and manage:
  • OPERATING EXPENSES Percent
  • Pre-Tax PROFIT Percent
  • OFFICERS, OWNERS COMPENSATION Percent
  • CURRENT Ratio
  • DEBT-TO-WORTH Ratio
• Our exclusive Benchmark Trend Charts show the median value reported by RMA for each of these key ratios each year.