IN – Inpatient (Acute)
OUT – Outpatient (non-acute, ambulatory)
PH – Pharmacy (Inpatient and Outpatient)
Class of Trade Definitions
Class of Trade is a classification primarily used by the pharmaceutical industry to meet federal and state pricing and reporting requirements.
For example, pharmacies use Class of Trade codes to classify their organizations, which helps manufacturers determine how products are priced and reimbursed.
Class of Trade 1 is optional when you select any Industry other than Healthcare. Non‑pharmaceutical options are available for these selections.
When Healthcare is selected as the Industry, all Class of Trade fields are required.
Class of Trade 3 values are dependent on the Class of Trade 2 value you select.
View the Class of Trade Definitions below
CC – City/County
FDV – Federal: DOD/VA
FO – Federal: All Other
FP – For Profit
FPHS – Federal: PHS
NFP – Not For Profit
ST – State
| Selection | Definition |
|---|---|
| For profit | An organization established, maintained, or conducted for the purpose of making a profit. |
| Holding Company | A company created to buy and possess the shares of other companies, which it then controls. |
| Individually-Owned Enterprise | Individual ownership of business means that a business is owned and operated by a single person. |
| Joint Venture | A commercial enterprise undertaken jointly by two or more parties which otherwise retain their distinct identities. |
| Limited Liability Company | A limited liability company is a form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation. |
| Not for profit | An organization organized and operated for a collective, public or social benefit, in contrast with an entity that operates as a business aiming to generate a profit for its owners. |
| Private Enterprise | A business that is managed by independent companies or private individuals rather than by the state. |
| Representative Office (RO) | A representative office is an office established by a company or a legal entity to conduct marketing and other non-transactional operations, generally in a foreign country where a branch office or subsidiary is not warranted. |
| State-Owned Enterprise | A state-owned enterprise or government-owned enterprise is a business enterprise where the government or state has significant control through full, majority, or significant minority ownership. Defining characteristics of SOEs are their distinct legal form and operation in commercial affairs and activities. |
| Wholly Foreign-Owned Enterprise (WFOE) | A wholly foreign-owned enterprise (WFOE, sometimes incorrectly WOFE) is a common investment vehicle for mainland China-based business wherein foreign parties (individuals or corporate entities) can incorporate a foreign-owned limited liability company. |
| Class of Trade 3 | Code | Description | Code | Description | Code | Description |
|---|---|---|---|---|---|---|
InPatient (Acute) IN | AA | Acute Care | AF | Materials management distribution, acute care | AL | Rehab, inpatient extended stay |
| AB | Corporate office, IDN/acute care | AG | Mental health, acute based | AM | Warehouse, IDN centralized non-pharmacy | |
| AC | Correctional inpatient facility, acute non pharmacy | AH | Nutrition services, acute care | AS | Surgery Center Hospital Based | |
| AD | Dialysis center, hospital based | AJ | Oncology infusion clinic or practice, hospital based | |||
| AE | Laboratory services, acute care | AK | Radiology services, acute care | |||
OutPatient (non-acute, ambulatory) OUT | NB | Physician, owned/managed independent multispeciality group practice | NK | Assisted living and adult day care | NS | Surgery center, freestanding ambulatory |
| NC | Corporate Office, nonacute | NL | Laboratory services, ambulatory | NT | Physician, independent multi-specialty group practice | |
| ND | Dialysis center, outpatient free standing | NM | Mental health, ambulatory based | NU | Urgent Care Center, ambulatory | |
| NE | Ambulance and Emergency medicine | NN | Nutrition services, nonacute | NV | Animal Vet Medicine | |
| NF | College or university student health services | NO | Oncology infusion clinic or practice, freestanding ambulatory | NW | Physician, independent solo practice | |
| NG | Long Term Care | NP | Physician, owned/managed solo practice | NX | Radiology Services, Ambulatory based | |
| NH | Home Health provider, nonpharmacy | NQ | Other, non-healthcare related | NY | Hospice, non pharmacy | |
| NJ | Correctional facility, nonacute nonpharmacy | NR | Rehab Services, outpatient | NZ | Nonacute, not further specified | |
Pharmacy (Inpatient and outpatient) PH | PA | Acute care on-site pharmacy | PH | Home Infusion Pharmacy | PR | Retail- pharmacy chain |
| PB | Acute care contracted off-site pharmacy | PL | Long term care, closed shop offsite pharmacy | PS | Managed Care, staff model closed shop pharmacy | |
| PC | Correctional facility closed shop pharmacy | PM | Mail order pharmacy | PW | Retail – Warehouse for retail pharmacy chain | |
| PD | Inpatient DSH (Disproportionate Share Hospital) Pricing | PN | Managed care, health plan | PX | Warehouse for IDN pharmacy centralized distribution | |
| PF | Retail – pharmacy, single outlet | PO | Long term care, closed shop onsite pharmacy | |||
| PG | Hospice, closed shop pharmacy | PP | Managed Care, Pharmacy benefit mgmt. company | P3 | 340B Covered entities |