What Is A Medical Spa?
Medical spas are a 16 Billion dollar industry expected to consistently grow 15% every year for the next decade. This makes med spas one of the fastest-growing category of medical practice in the U.S.
Med spas offer a variety of nonsurgical, medical-grade aesthetic procedures in a relaxing, luxurious spa-like environment. Popular treatments include the injection of wrinkle relaxers like Botox® or Hyaluronic Acid dermal fillers for restoring volume loss in the face.
Other procedures include laser-based treatment for sun damage, body contouring services, microneedling, medical weight loss treatments, and
IV hydration.. These practices are also permitted to prescribe and dispense medical-grade skin care products that further enhance the benefits of the procedures.
In the past 5 years, the popularity of wrinkle reducing neurotoxins,
such as Botox®,has skyrocketed in the U.S., with a 40.6% increase in procedures according to the latest figures from the American Society for Aesthetic Plastic Surgery. In 2021, over 3.6 million neurotoxin injections were performed in the United States. The industry has grown tremendously, and is forecast to become a 50 billion dollar industry
by 2030. .
Med Spa Tips
From Sara Shikhman, Esq.
If you’re looking to open your own medical spa practice, here are the basics to help you get started:
How To Start A Medical Spa
Because of stressful schedules and endless paperwork, many medical professionals dream of a way to connect with patients in a relaxed, beautiful, and positive way. Business professionals dream of a safe bet in a growing field. The aesthetics industry offers a path to success for anybody who has a drive and passion for helping others look and feel amazing. .
When opening a med spa, the primary factors to consider are the people who will be in key positions and the startup costs. In order to be successful, a med spa requires an outstanding medical practitioner as well as an experienced business person. Because these qualities take years to develop and perfect, they are rarely found in one person: thus, many medical spas are built on the foundation of strong partnerships—and well-written agreements.
Because medicine is one of the most highly regulated industries in America, these partnerships must be structured flawlessly in order to be legally compliant with state and federal laws. And that’s just the start. There are thousands of pages of laws, protocols, and codes to follow in order to run a successful business in this space. However, when strategically executed, a medical spa can grow and thrive with many satisfied patients and a huge financial return. Lengea Law is here to assist you in starting off on the right foot and making sure you stay on the path of success with your new endeavor.
Risks Of Opening A Medical Spa
Most of the procedures performed in a med spa are considered medical procedures, which require the same supervision and licensing requirements as treatments at any other medical facility. Navigating the nuances of these laws to make strategic decisions requires expert advice. 15 minutes of professional advice can save you $100K in labor costs. For example, an experienced attorney specializing in the aesthetics industry can let you know that in your state, you don’t need to hire a registered nurse to perform micro- needling because that procedure might legally be performed by a licensed tattoo artist.
Ensuring the proper structure is fundamental to medical spa compliance. In some states, anyone can own a medical spa, while in others it may be limited to a physician or combination of healthcare providers. Failing to properly structure your entity may result in governmental penalty, denial of insurance, or preclusion of a sale.
Take the time to work with experienced healthcare attorneys familiar with the medical spa space in the beginning. Otherwise, it may result in a costly restructure, getting shut down, losing your business or going to jail.