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NAICS 622310, industry

NAICS 622310: Specialty (except psychiatric and substance abuse) hospitals

NAICS 622310 is the industry code for specialty (except psychiatric and substance abuse) hospitals. 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 622310 covers

Specialty hospitals provide inpatient care for a particular type of condition, such as rehabilitation, long term acute care, children's, orthopedic, cardiac and cancer hospitals.

Included in this code

  • Inpatient rehabilitation hospitals
  • Long term acute care hospitals
  • Children's hospitals
  • Orthopedic and surgical specialty hospitals
  • Cancer hospitals

Not this code

Businesses that use 622310

Inpatient rehab hospitalLTACHOrthopedic surgical hospital

Financing for this trade

Specialty hospitals finance with bonds, HUD 242 loans, conventional mortgages and equipment financing, with receivables lines for working capital. Lenders look at referral sources, payer mix, case mix and regulatory standing.

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Is 622310 the right code for a specialty hospital?

Yes, if your inpatient hospital focuses on a specific type of care, such as rehabilitation, long term acute care, orthopedics, cardiac care or children's care. General hospitals use 622110. Skilled nursing facilities use 623110. Long term acute care hospitals also fit here.

What is the SBA size standard for 622310?

SBA sets the size standard for 622310 at $47 million in average annual receipts, averaged over the last five completed fiscal years and counting affiliates. Specialty hospitals 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 specialty hospitals fall well inside the limit, so size is rarely what decides an SBA application.

How are specialty hospitals financed?

Funding usually comes from tax exempt bonds or HUD insured loans for nonprofits, conventional real estate loans and sale leasebacks for for profit operators, plus equipment loans and receivables lines. Lenders look at referral relationships, occupancy, payer mix and margins.

What does NAICS 622310 cover?

Specialty (except psychiatric and substance abuse) hospitals. Industry level code in NAICS 2022, under 62 Health care and social assistance, 622 Hospitals, 6223 Specialty (except psychiatric and substance abuse) hospitals, 62231 Specialty (except psychiatric and substance abuse) hospitals.

What financing do NAICS 622310 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 622310?

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.