Powered by LevrNAICS 621112: Offices of physicians, mental health specialists
NAICS 621112 is the industry code for offices of physicians, 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.
What 621112 covers
These are practices of psychiatrists and psychoanalysts who are medical doctors, diagnosing and treating mental health conditions, including medication management and ketamine or TMS therapy.
Included in this code
- Psychiatry practices
- Child and adolescent psychiatry
- Medication management clinics run by psychiatrists
- TMS and ketamine clinics led by psychiatrists
- Psychoanalyst physician practices
Not this code
- Psychologists and therapists: see 621330 Offices of mental health practitioners (except physicians)
- Outpatient mental health centers: see 621420 Outpatient mental health and substance abuse centers
- Psychiatric hospitals: see 622210 Psychiatric and substance abuse hospitals
Businesses that use 621112
Financing for this trade
Psychiatry practices use SBA 7(a) and medical practice loans for startups and acquisitions, equipment loans for TMS devices, and lines of credit for insurance reimbursement lags. Lenders look at the psychiatrist's credentials, payer mix and private pay share.
Apply for funding with AIIs 621112 the right code for a psychiatry practice?
Yes, if the practice is owned by psychiatrists or physician psychoanalysts treating mental health conditions. TMS and ketamine clinics led by psychiatrists also fit. Psychologists, counselors and therapists who are not physicians use 621330. Larger outpatient mental health and substance use centers use 621420.
What is the SBA size standard for 621112?
SBA sets the size standard for 621112 at $13.5 million in average annual receipts, averaged over the last five completed fiscal years and counting affiliates. Psychiatric 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 psychiatric physician practices fall well inside the limit, so size is rarely what decides an SBA application.
How do psychiatry practices finance TMS equipment?
TMS machines are usually financed with equipment loans or leases secured by the device, while practice startups and acquisitions use SBA 7(a) loans. A line of credit covers slow insurance payments. Lenders look at credentials, patient volume, private pay share and payer contracts.
What does NAICS 621112 cover?
Offices of physicians, 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 621112 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 621112?
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.