Skip to content
iCFO
  • Products
  • How it works
  • AI Insights
  • About us
    • Support
    • One on One
    • Sample reports
    • FAQ
    • Industry Search
  • Pricing
  • Blog
Sign In Start Free Trial Sign Up for Free
Home › Industry Metrics › NAICS 62321

NAICS 62321 - Residential Mental Retardation Facilities

NAICS 62321 - RESIDENTIAL MENTAL RETARDATION FACILITIES
NAICS 62321 Residential Mental Retardation Facilities NAICS 62322 Residential Mental Health and Substance Abuse Facilities
Buy the detailed report

This industry comprises establishments (e.g., group homes, hospitals, intermediate care facilities) primarily engaged in providing residential care services for persons diagnosed with mental retardation. These facilities may provide some health care, though the focus is room, board, protective supervision, and counseling.

View full description › Collapse full description ›

This industry comprises establishments (e.g., group homes, hospitals, intermediate care facilities) primarily engaged in providing residential care services for persons diagnosed with mental retardation.

These facilities may provide some health care, though the focus is room, board, protective supervision, and counseling.

Explore the industry hierarchy

Drill down to explore more specific industries.

NAICS 62 Health Care and Social Assistance
NAICS 623 Nursing and Residential Care Facilities
NAICS 6232 Residential Mental Retardation, Mental Health and Substance Abuse Facilities
NAICS 62321 Residential Mental Retardation Facilities
View full hierarchy

Industry trends

Residential Mental Retardation Facilities (NAICS 62321) are observing several qualitative trends that are shaping the industry. Among the most prominent is the increasing emphasis on person-centered care, which focuses on tailoring services to the individual needs and preferences of residents. This approach aims to enhance the quality of life by promoting greater autonomy and personal development.

Additionally, there is a notable trend towards integrating technology into care delivery. Facilities are adopting advanced management systems, telehealth services, and assisted living technologies such as wearable devices to monitor residents’ health conditions continuously. These innovations aim to improve care efficiency and outcomes while reducing operational costs.

Workforce challenges remain a significant concern, with facilities struggling to attract and retain qualified staff. As a result, there is a growing emphasis on employee training and development programs to ensure high standards of care and reduce turnover rates.

Looking ahead, the demand for residential mental retardation facilities is anticipated to grow due to increased awareness and diagnosis of intellectual and developmental disabilities. Moreover, regulatory changes and funding initiatives from government agencies are expected to support the expansion and modernization of these facilities. Efforts to enhance community-based services and support systems will likely continue, fostering greater inclusion and integration within society.

  • Investment in renewable energy and grid modernization continues to accelerate.
  • Regulatory changes and sustainability initiatives are shaping long-term growth.
  • Operational efficiency and technology adoption are key focus areas.

Industry Comparison

How this industry compares to all industries.

Return on Investment (ROI) 0%
BOTTOM TOP
10% 25% median 25% 10%

Percentile Rank among all Industries: 0%

Loan Failure Rate 6%
BOTTOM TOP
10% 25% median 25% 10%

Percentile Rank among all Industries: 38%

Total Companies in this Industry 0
View full snapshot

Explore related industries

  • NAICS 62321 Residential Mental Retardation Facilities
  • NAICS 623210 Group homes, mental retardation
  • NAICS 623210 Homes with or without health care, mental retardation
  • NAICS 623210 Hospitals, mental retardation
  • View all related industries

Get the Full Industry Report

In-depth analysis, 50+ financial ratios, 4-year trends, and industry forecasts.

View interactive report sample Buy the detailed report
iCFO

Private-company financial intelligence for better decisions.

Products

  • How it works
  • AI Insights
  • Pricing

Company

  • About us
  • Blog
  • Contacts

Get in touch

  • 7441 Sawmill Rd, Suite 5 Madison, WI 53717
  • (833) 677-1185
  • info@icfo.pro

© Copyright FINTEL, LLC

Privacy Policy Terms of Use