Residential nursing care facilities

isic code 8710 covers establishments engaged in the provision of residential nursing care facilities. These facilities offer around-the-clock nursing and personal care services to individuals who require assistance with daily living activities or medical treatment. The residential nursing care industry plays a vital role in the healthcare sector, catering to the needs of the elderly, disabled, or chronically ill population. As the global population ages, the demand for these services is expected to grow, making this industry an important component of the broader economy.

Residential nursing care facilities typically provide a range of services, including skilled nursing care, assistance with activities of daily living (such as bathing, dressing, and medication management), and various therapies (physical, occupational, or speech therapy). The key production techniques involve the coordination of medical staff, nursing aides, and other support personnel to deliver personalized care to each resident. Facilities also focus on creating a comfortable, home-like environment to promote the well-being and independence of their residents.

The main inputs required for the residential nursing care industry include skilled nursing staff (registered nurses, licensed practical nurses, and nursing assistants), medical equipment and supplies (such as hospital beds, wheelchairs, and medical devices), and various support services (such as food preparation, housekeeping, and recreational activities). Facilities also require suitable physical infrastructure, including buildings, utilities, and amenities to accommodate the needs of their residents.

The primary output of the residential nursing care industry is the provision of comprehensive nursing and personal care services to individuals who require around-the-clock assistance. The residents of these facilities may include the elderly, individuals with disabilities, or those recovering from illnesses or injuries. The output of this industry is consumed by 8720 Residential care activities for mental retardation, mental health, and substance abuse, 8730 Residential care activities for the elderly and disabled, and 8790 Other residential care activities.