Lease versus Buy Your Medical Equipment
October 17, 2007
When it comes to financing medical spa equipment, which route should you take?
If you’re considering expanding your practice with a medical spa, you have a lot to think about. You need to hire the right staff, market the facility and choose the right equipment.
When it comes to equipment, patients want the latest and greatest technology to turn back the hands of time. This will require a heavy financial investment on your end.
Should you buy or lease? This question isn’t easily answered, unless you take a hard look at both options. This article discusses the factors you need to consider before deciding whether to lease or buy. These are the economic value of the equipment, the availability of capital, the flexibility of payment terms and the potential tax benefits. Read more
Physicians Find Aesthetic Medicine a Cure to Cash Crunch
October 15, 2007
Family doctors are adding aesthetic medical procedures to their practices in an effort to make their practices more financially viable, says the International Association for Physicians in Aesthetic Medicine (IAPAM). After reviewing participant feedback from their fifth consecutive, sold out Aesthetic Medicine Symposium, IAPAM Executive Director, Jeff Russell, says that participating doctors want most to learn the business of aesthetic medicine, not just how to do the procedures themselves.
“The combination of reducing reimbursements, increasing costs, and longer working hours is leaving many family physicians no choice but to leave their traditional practice behind and open an aesthetic medicine practice or add aesthetic medicine procedures to their existing practices,” says Russell. Read more
Fraxel Laser Skin Rejuvenation - Dr. Roger Bassin
October 9, 2007
Dr. Bassin offers cutting edge Fraxel laser treatments to his patients that prefer a noninvasive way to achieve healthier, younger looking skin. In this two part report, Local 6’s Health Beat investigates how the Fraxel laser works and what it feels like.
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Top 3 MedSpa Money Myths
October 1, 2007
The baby boomer generation—some 76 million strong—represents the largest single sustained growth of the population in U.S. history, according to AARP. Every 7.5 seconds, the organization reports, someone turns 50. And every day, more than 11,500 Americans hit the big Five O.
As physicians in age management medicine, you have a unique opportunity to help this generation age the way it wants to–with health and wellness. To do so, many of you may consider expanding your existing practice into a medical spa. But it’s not an easy venture. Pitfalls exist—one of which is financing–and you must be properly prepared.
The following top 3 myths are common misconceptions physicians have about financing med spas. Read more
IAPAM Aesthetic Medicine Resources
