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NAICS 621111, industry

NAICS 621111: Offices of physicians (except mental health specialists)

NAICS 621111 is the industry code for offices of physicians (except mental health specialists). Use it on loan applications, tax forms and registrations. Explore financing for medical and dental and start your application when you are ready.

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What 621111 covers

Offices of physicians are practices of medical doctors and doctors of osteopathy providing general or specialty care outside hospitals, such as family medicine, internal medicine, pediatrics, cardiology, dermatology and surgery. Mental health physicians such as psychiatrists use 621112.

Included in this code

  • Family and internal medicine practices
  • Pediatric practices
  • Specialty practices such as cardiology, dermatology and orthopedics
  • Surgeons' offices
  • Urgent care run as physician offices
  • Direct primary care practices
  • Concierge medicine practices

Not this code

Businesses that use 621111

Family medicine practiceDermatology groupOrthopedic surgery practiceConcierge physician

Financing for this trade

Physician practices are strong borrowers: SBA 7(a) and specialty medical practice loans for acquisitions and partner buy ins, SBA 504 for medical office buildings, equipment financing for imaging, lasers and exam room gear, and lines of credit to cover insurance reimbursement lags. Lenders look at the physician's license and specialty, payer mix and collections.

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Is 621111 the right code for a physician practice?

Yes. 621111 fits practices of MDs and DOs providing outpatient general or specialty medical care, from family medicine and pediatrics to cardiology, dermatology and orthopedics. Psychiatrists use 621112. Ambulatory surgery centers use 621493. Practices of nurse practitioners or physician assistants without a physician owner often use 621399.

What is the SBA size standard for 621111?

SBA sets the size standard for 621111 at $16 million in average annual receipts, averaged over the last five completed fiscal years and counting affiliates. Physician practices at or under that figure qualify as small businesses for SBA 7(a) and 504 loans and for federal small business set asides. Most independent physician practices fall well inside the limit, so size is rarely what decides an SBA application.

What financing do physician practices use?

Common products are SBA 7(a) or medical practice loans for startups, acquisitions and partner buy ins, SBA 504 or conventional mortgages for medical office buildings, and equipment loans for ultrasound, lasers and diagnostic gear. A line of credit covers insurance payment delays. Lenders look at the physician's credentials, collections and payer mix.

What does NAICS 621111 cover?

Offices of physicians (except mental health specialists). Industry level code in NAICS 2022, under 62 Health care and social assistance, 621 Ambulatory health care services, 6211 Offices of physicians, 62111 Offices of physicians.

What financing do NAICS 621111 businesses use?

Equipment financing, working capital, SBA loans and invoice factoring are the products placed most for medical and dental businesses. Start an application and the AI matches the deal to lenders that fund this code.

Where do I put NAICS 621111?

On the SBA loan application, on federal Schedule C or Form 1120, on SAM.gov and state registrations, and on most lender applications. A business can report more than one code; use this one if it describes what produces most of your revenue.