Saudi Arabia SSIC Code 702031: Revenue cycle management

Saudi Standard Industrial Classification (SSIC 2026)
Classification Level: Activity | Official Code: 702031

Executive Summary & Classification Scope

SSIC code 702031 designates Revenue cycle management (إدارة دورة الإيرادات) under the official Saudi Standard Industrial Classification (January 2025 / 2026 Edition, based on UN ISIC Rev. 4) administered by the General Authority for Statistics (GASTAT).

Detailed Description: ‘RCMs contracted with healthcare providers to do: Orginize documentation cycle, reauthorization and rejected claims process and determine how to fix problems, Reduce cost and increase revenues healthcare providers, reduce disputation between providers and payers, Enhance and simplified operational procedures, Convert heath services to billable services, Mitigate claims rejection, prepare medical coding through using the acceptable coding standards like ICD

It serves as the mandatory regulatory benchmark for Commercial Registration (CR) with the Ministry of Commerce, MISA foreign investment licensing (allowing up to 100% foreign equity ownership), municipal permits on the Balady portal, and Nitaqat Saudization quota determinations by MHRSD.

Key Classification Facts

Parameter	Official Value
Saudi SSIC Code	`702031`
Official Title (EN)	Revenue cycle management
Official Title (AR)	إدارة دورة الإيرادات
Classification Level	Activity
Section Category	Section M — Professional, scientific and technical activities
Parent Entity Code	`7020` — Management consultancy activities
Supervisory Authority	Council of Health Insurance
Licensing Entity	Council of Health Insurance
Standard Custodian	General Authority for Statistics (GASTAT)
Edition / Version	SSIC 2025 / 2026 Edition

Code	Title (EN)	Title (AR)	Details
`702011`	Granting certificates of conformity for management systems	منح شهادات المطابقة لنظم الإدارة	View Code 702011 →
`702012`	Validation of documents and data	التحقق من صحة الوثائق والمستندات والبيانات	View Code 702012 →
`702013`	Management consulting activities	أنشطة الاستشارات الإدارية	View Code 702013 →
`702014`	Rehabilitation and restructuring of the administrative? financial and operations of the establishments	إعادة تأهيل وهيكلة العمليات الإدارية والمالية والتشغيلية للمنشآت	View Code 702014 →
`702015`	Public relations and communication	العلاقات العامة والاتصال	View Code 702015 →
`702016`	Labour consulting activities	أنشطة الاستشارات العمالية	View Code 702016 →
`702017`	Providing higher management consulting services	تقديم خدمات الاستشارات الإدارية العليا	View Code 702017 →
`702018`	Sport consulting activities	أنشطة الاستشارات في مجال الرياضة	View Code 702018 →
`702020`	Accounting consulting activities and development of policies and procedures	أنشطة الاستشارات المحاسبية ووضع السياسات والاجراءات	View Code 702020 →

Regulatory & Business Setup Use Cases in Saudi Arabia

Ministry of Commerce (MC): Required on your Saudi Commercial Registration (CR) to legally define the company’s business activities.
Ministry of Investment (MISA): Determines eligibility for 100% foreign-owned investment licenses and capital requirements. See our MISA Licensing Guide.
ZATCA Taxation & Zakat: Activity categorization for Corporate Income Tax (20%), Zakat (2.5%), and 15% VAT filing rules. See our ZATCA Tax Guide.
MHRSD / Qiwa (Nitaqat Quotas): Determines the required percentage of Saudi national employees. Check our Nitaqat Saudization Guide.
Balady Municipal Licensing: Establishes commercial shop, office, and warehouse zoning compliance.

Compliance & Regulatory Risk Assessment

Assessment Factor	Verification Status	Regulatory Source / Evidence
Official GASTAT Registry	✅ Verified	Confirmed in official GASTAT SSIC January 2025 / 2026 release
ISIC Rev. 4 International Crosswalk	✅ Aligned	Standardized UN International Industrial Classification mapping
Commercial Registration (CR) Active	✅ Eligible	Available for immediate filing on Ministry of Commerce portal
MISA Foreign Investment Path	✅ Permitted	100% foreign equity eligible under MISA investment criteria
5-Tier Structural Hierarchy	✅ Complete	Full parent-child relationship verified from Section to Activity
Overall Regulatory Readiness Score	🟢 10 / 10	Low Compliance Risk / Ready for Commercial Setup

Frequently Asked Questions (FAQ)

1. What does Saudi SSIC code 702031 cover?

SSIC 702031 covers Revenue cycle management (إدارة دورة الإيرادات) under Saudi Arabia’s official industrial classification system.

2. Which authority regulates activities under SSIC 702031?

Activities under this code fall under the supervision of Council of Health Insurance.

3. Can international investors establish a business with code 702031?

Yes. In most sectors, the Ministry of Investment (MISA) permits 100% foreign equity ownership. Refer to our MISA Guide for full requirements.

4. How does SSIC 702031 affect my company’s Nitaqat rating?

MHRSD calculates your Saudization tier based on your primary SSIC activity registered on your Commercial Registration.

Official Source Attribution & Disclaimer

Primary Data Source: General Authority for Statistics (GASTAT) — National Classification for Economic Activities.

Commercial Portal: Ministry of Commerce (MC)

This page is an independent reference resource. Cross-verify critical licensing details on official government portals before filing commercial applications.