Florida / New York / No Carolina
Ph: 561.316.3330

6 Tips For Mitigating Risks Associated With Running A Med Spa

About Medical Device News Magazine

About Medical Device News Magazine. We are a digital publication founded in 2008 located in the United States.

Advertise with Medical Device News Magazine! Join Our #1 Family of Advertisers!

We pride ourselves on being the best-kept secret when it comes to distributing your news! Our unique digital approach enables us to circulate your...

Summation

  • Keeping all the legalities in mind, you’ll need to develop and write up policies about organizational hierarchy, informed consent, range and scope of services you will offer, anesthesia, emergency preparedness, when to transfer a patient to another facility, anticipated outcome disclosure and patient complaint management.

Running a med spa is a lucrative way to make people look and feel better, but like everything else, it has significant risks. You can limit those risks while maximizing income and patient satisfaction when you’re careful. Here are 6 useful pieces of advice for making sure your med spa isn’t risky business:

Make it legal. State laws regulate ownership structure, licensing and scope of practice for med spas, and you can’t get started without knowing the requirements in your state. You will need to comply with regulations regarding supervision, delegation and more. An experienced lawyer can help you avoid noncompliant ownership structure, a common mistake. You will also need to determine whether formal client-patient relationships must be established, whether a patient history must be taken and how much liability insurance you will need by law.

Put good policies in place. Keeping all the legalities in mind, you’ll need to develop and write up policies about organizational hierarchy, informed consent, range and scope of services you will offer, anesthesia, emergency preparedness, when to transfer a patient to another facility, anticipated outcome disclosure and patient complaint management. Carefully outlining all employee roles and company procedures, even when not required by law, can lead to years of smooth operation and better employee retention. Misunderstandings breed internal distrust and dissatisfaction.

Get smart about education. Patient service providers at your medical spa need to be well-trained to create satisfaction and reduce liability for you and your company. Avoid negligence claims that your malpractice insurance won’t cover by making sure providers participate in education that leads to maximum technical skills competency. For example, a longstanding Botox training program from an experienced trainer can provide greater competence in potentially harmful Botox and fillers than even medical or nursing schools provides. Don’t delegate patient services to poorly trained estheticians.

Take only the right patients. You can ensure patient satisfaction while reducing complaints by taking only the right clients. Don’t agree to provide services to patients who need cosmetic procedures beyond your scope or ability. In many cases, med spa operators find that the best patients are those who need the least services to create and maintain their desired appearance. These patients are more likely to be satisfied, return and bring their friends. Refer others to cosmetic surgeons or other medical specialists.

Keep a close eye on money. Poor money management or oversight can sink a business rapidly, even if it otherwise operates efficiently. Since most medical professionals and spa owners aren’t financial experts, it may make sense to outsource bookkeeping to an experienced professional in that field. This simple step takes a huge worry off your mind while often increasing the success of bad debt collection and sharply decreasing the risk of a tax audit. A bookkeeper can also make recommendations for improving efficiency throughout your business.

Advertise thoughtfully and carefully. The world of advertising has changed, so avoid wasting your money on radio and newspaper ads when you can often bring in better leads for a lot less money through social media advertising. Wherever you turn, carefully evaluate every marketing and advertising message you share to make sure you’re not violating advertising laws or industry rules. Just as importantly, don’t aim ads to the wrong people by making guarantees or setting expectations you can’t meet. That can lead to dissatisfaction and even lawsuits.

When you follow the rules, establish best practices, use educated providers, take only the right patients and outsource money management you can create and operate a solid and stable medical spa business with as few risks as possible. Then, advertising smartly can make it a success for you, your stakeholders, your staff and your clients – and those are the goals, right?

 

 

Medical Device News Magazinehttps://infomeddnews.com
Medical Device News Magazine provides breaking medical device / biotechnology news. Our subscribers include medical specialists, device industry executives, investors, and other allied health professionals, as well as patients who are interested in researching various medical devices. We hope you find value in our easy-to-read publication and its overall objectives! Medical Device News Magazine is a division of PTM Healthcare Marketing, Inc. Pauline T. Mayer is the managing editor.

Other News

VitaFlow Liberty ™ Granted EU CE-MDR Mark

Jeff Lindstrom, President of CardioFlow, stated, "The certification of VitaFlow Liberty by the CE regulatory body under MDR, is a testament to CardioFlow's world-class R&D, quality, and clinical capabilities. This recognition will expedite the global clinical adoption of the VitaFlowTM series along with other innovative products, advancing CardioFlow's globalization strategy. This achievement also positions us to make a more substantial contributions to developments in the field of heart valve interventions, ultimately benefiting patients across the globe."

Inspira Receives 1st Ever Purchase Order for INSPIRA™ ART100 Systems in the U.S.

Inspira reports the first units are expected to be shipped in Q4 2024. The Purchase Order follows the recent FDA Clearance of the INSPIRA™ ART100.

Sharps Technology Receives $30 Million Purchase Order for Prefillable Copolymer Syringes to be Manufactured at SC Facility

The purchase order includes deliveries for both the 10mL and 50mL specialty copolymer prefillable syringes that will be manufactured at the West Columbia site being acquired from Nephron. This assurance of supply is expected to support the planned expansion of the 503b operations at the Nephron site. The new copolymer syringe technology reflects the pharmaceutical and healthcare industry’s trend toward transitioning injectable drug therapies into innovative polymer prefillable syringes and away from the older glass and standard plastic syringes reports Sharps Technology.

By using this website you agree to accept Medical Device News Magazine Privacy Policy