If you’re interested in owning a Med Spa, but you’re not a licensed doctor, you may be wondering if you’re still able to proceed in pursuing this business. Your hesitancy is certainly well-founded. According to the American Med Spa Association, some states only “allow a physician or physician-owned corporation [to] receive payment for medical services.”
If you’re an AmSpa member, you can check and see if this applies to your state by checking your state legal summary. Thankfully, not all states observe the corporate practice of medicine, which means there’s a way to own a Med Spa even if you’re not a doctor, depending on where you live. Here’s how you can own a Med Spa and get your business started.
Have a doctor on sight
To be clear, although you can open a Med Spa without being a doctor, you still need a licensed physician involved to make it all happen. In order to start a Med Spa business, you will need to become a management service organization or MSO. This will allow you to handle all of the business aspects of your Med Spa, like marketing, branding, human resources, payroll, and real estate to name a few.
From there, you need to find a physician’s company to provide the medical services for your business and enter into a management service agreement or MSA. You will supervise everything, except for the medical side of the business. Financially, depending on how many clients the doctor is seeing and how much money they’re making, you will both be paid accordingly. This acts as an incentive for your doctor to do great work and ultimately benefits you as well.
Equip your doctor correctly
Once you find someone or a group of doctors to partner with, you need to make sure they have access to all of the tools they could need to make your Med Spa successful. Sometimes picking equipment is left up to the doctors, but because you’re running the business side, you’ll most likely be paying for the equipment. You can save yourself a considerable amount of money by shopping at The Laser Warehouse for used cosmetic lasers.
The Laser Warehouse has equipment available from top brands because they acquire their equipment directly from doctors, Med Spas, bank repossessions, and expired leases. As the industry’s leading reseller, The Laser Warehouse cares greatly about providing your business with high-quality equipment.
If you’re not entirely familiar with the kind of equipment they sell, and you want to make sure you’re getting the best machine for what you’d like to offer at your spa, check out their blog. Their blog provides helpful comparison, like the differences between the Palomar StarLux 300 and the Palomar StarLux 500. This will ensure you’re getting the ultimate bang for your buck.
Focus on your true interests
While searching for doctors to enter into the Med Spa business with, consider what you’d like your Med Spa to focus on. Having a niche can be helpful not only in hiring but also in marketing to clients. Who is your target audience? What drew you to the Med Spa business and how can you reflect that in the services you offer and the employees you hire?
The aesthetic design of your whole building can be based around concepts like this. Once you pick a doctor to work for your business, loop them into conversations like this. They might have creative ideas to contribute that will considerably boost your marketability. This will also further create a working partnership between you and your doctors that will build trust and a positive rapport.