We are publishing some updates from our own client projects and industry studies in response to a lot of interest in our previous blog on medical aesthetics. It should provide anyone considering entering the field with a new perspective on its opportunities, difficulties, and requirements for success in the post-pandemic era. For those who are unfamiliar with the subject, medical aesthetics is characterized as a field that focuses on combining technology and medical procedures to enhance appearance. It is still expanding quickly. According to IMARC Group, the worldwide medical aesthetics industry, which was estimated to be worth USD 9.4 billion in 2020, is expected to increase to USD 15.8 billion by 2026. But challenges persist
read postWith the high burnout and ever-decreasing reimbursement rates, more and more physicians are looking beyond their core clinical roles for their practice growth. Some of them become medical directors for Med Spas in the last few years for a monthly fee of $3,000 – $6,000 depending on the level of involvement. Amongst them, a small proportion even becomes the sole owner or co-owner of the Med Spa itself. Most of those who made the plunge were inspired by the following “claims” from sources like https://www.americanspa.com/. “The average medical spa brings in $1 million per year according to the AmSpa 2019 Medical Spa State of the Industry Report, and top practices can approach $4–$5 million.” “Data estimates that
read postMarket Overview Women make up just about half the world’s population. While 80% of household healthcare spending decision is made by women, throughout history, women’s health has taken a backseat to men’s health, especially women’s needs beyond reproduction. The trend is changing. In the last 5 years, the investment in technology solutions for women’s health has finally reached $100 million a year. In addition to technology VC investment, we have seen heightened interest from major payers in partnering with groups of specialists(not just OB/GYNs) in developing new models of holistic delivery of medicine that focuses on the diagnosis and treatment of diseases and conditions that affect a woman’s physical and emotional well-being. These health issues
read postThe white paper is a short and sweet introduction to Concierge medicine in the United States, with term definitions, different nuances, and various key stats. It also addressed the specific challenges and opportunities in this “unofficial” specialty. Read on if… You are a physician seeking an alternative delivery model as you are tired of dealing with insurance or government payer paperwork. You are an employer who provides employer-sponsored health plans and wishes to elevate the effectiveness of your healthcare investment by providing higher quality “Preventive Healthcare” rather than “Reactive Sick Care” (which is usually XX times more expensive per encounter). (As Concierge medicine has a “cousin” called “Direct Primary Care”, similar principal but more cost-effective.
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