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With 12,000 Americans turning 50 every
day, many doctors are expanding their existing practices by adding
non-reimbursable medical aesthetic procedures. The International
Association for Physicians in Aesthetic Medicine has completed
this tip guide designed to help physicians who want to add aesthetic
medical procedures to their practice.
Physicians
need to find a way to utilize their skills to expand the scope of
their practice. The growing demand for personal attention and service
in medicine may provide opportunities for physicians who see the
benefit of addressing these needs. The International Association
for Physicians in Aesthetic Medicine has completed this tip guide
designed to help physicians who want to add aesthetic medical procedures
to their practice.
Don't try and re-invent the wheel, learn from our experience, here are 6 tips
that will help you successful add medical aesthetics to your practice.
1. Do It Because You Want To Do It
Adding medical aesthetic procedures is going to add another dimension to your
practice. Adding a cash-based revenue center to your practice should yield
great returns. However, if you are not doing what you truly enjoy, it will
show on your bottom-line. As you will probably be spending more time and money
than you originally planned, you need to make sure adding aesthetic medical
procedures is what you really want to do.
Why are more and more physicians looking at adding these cash-based aesthetic
medicine procedures? One reason is fees are much higher than those for reimbursable
procedures.
2. Start with a Road Map
You should have a clear strategy of what services, procedures and products
you will offer. Don't try to be everything to everyone. Adding medical aesthetics
typically combines medical and aesthetic procedures along with complementary
skin care products.
One thing I strongly advocate is having a plan. You should have a business
plan that outlines what you want to accomplish (goals), and a road map on how
you are going to get there. You should have a marketing plan to clearly outline
what you are going to do in order to get the best return on your investment
(time).
A very important part of your business plan is to clearly understand what the
top minimally invasive procedures are, and who is having them done.
3. Product, Equipment, Service
Before you purchase any equipment, you should know which procedures you are
going to perform in your practice. Hair removal, although popular, is very
commoditized. You may want to focus on vascular and pigmented lesions, skin
tightening, wrinkles and acne scars, and skin rejuvenation. It is also important
that your equipment can be easily upgraded as new technologies become available,
and not need to be replaced.
Don't forget about ensuring each room has sufficient space to highlight the
skin care line you will also carry. When choosing your skin care products,
choose the ones you really believe in. Otherwise, you are missing a huge profit
opportunity.
4. Building your Dream Team
Since you will not want to be tied down to the day to day operations of the
medical aesthetic portion of the practice, you may consider hiring a medical
aesthetics director. This person needs to have exceptional customer service
values, and be talented enough to choose and develop the right team to perform
your medical aesthetics procedures.
The nice thing about offering medical aesthetic procedures is that in most
States you do not have to do the actual procedures, you can hire an experienced
aesthetician, RN, PA, or NP to do them. This allows that part of your practice
to generate revenue whether you are there or not.
5. Marketing and Promotion
First of all you need to let all your current patients know about your new
aesthetic medicine procedures, but do not think this is enough! You will need
to have a comprehensive marketing plan prior to your grand opening. You may
want to offer free informational sessions on popular topics (i.e. wellness)
or a special promotional treatment package.
6. Don't forget about regulatory and insurance issues
Since you will be incorporating medical procedures in your practice you need
to ensure you have the proper liability coverage for the procedures you will
be performing. While you may already have malpractice insurance, it may not
cross-over to your medical aesthetic practice. Many insurers are now requiring
offices adding or expanding cosmetic-aesthetic procedures to their practice
to document clinical and/or accredited training on all non-ablative modalities
before a policy of coverage will be extended. Please consult your insurance
provider and your legal advisor to ensure you are accurately covered.
The underlying theme here is -- Be Prepared! The key to any business success,
including expanding your practice, is having clinical expertise and to be constantly
cross-marketing your available medical aesthetic treatments to your regular
patient base.
As you develop and grow your aesthetic practice, you are going to experience
the same growing pains common to any new business, the key is identifying them
and responding to them.
This information has been taken from part of the course curriculum that will
be taught at the International Association for Physicians in Aesthetic Medicine's
2-day Aesthetic Medicine Symposium. Physicians can download the full version
of the "6 Tips to Adding Aesthetic Medical Procedures to your Practice" ebook
at no charge from http://www.theiapam.com/ebook
About the International Association for Physicians in Aesthetic Medicine
(IAPAM)
The International Association for Physicians in Aesthetic Medicine is a voluntary
association of physicians and supporters which sets standards for the aesthetic
medical profession. The goal of the association is to offer education, ethical
standards, credentialing, and member benefits. IAPAM membership is open to
licensed medical doctors (MDs), doctors of osteopathic medicine (DOs), and the medical students studying for those degrees.
The IAPAM puts on a 2 day Symposium which provides the most current, comprehensive
aesthetic medical training program for today's leading physicians. The Symposium
will combine clinical hands-on training of the most profitable advanced skin
care procedures with proven strategies to successfully integrate Aesthetic
Medical procedures into your practice. More information on the Symposium: http://www.aestheticmedicinesymposium.com
CONTACT INFORMATION:
Jeff Russell
1-800-219-5108 x705
International Association for Physicians in Aesthetic Medicine
http://www.theiapam.com
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