How Do I Pay My Med Spa Providers and Staff Legally
In today’s blog post, we would like to discuss the importance of proper med spa payment. Business owners should always pay for performance that way they can maximize their earning potential. In retail, salespeople are normally motivated with commission. However doing this in a medical practice is called fee-splitting and is illegal.
If you are an American Spa member, then you can check the state legal summary to see if their state observes the corporate practice of medicine. If physicians are found engaged in fee-splitting, they could face suspension of their license, revocation of their license, or even a fine. The staff member who participates in fee-splitting, will also receive a fine.
Keep in mind, there are other ways to offer employees extra money such as bonuses. This is typically known as the medical spa compensation plan in the American Spa store. An exception for fee splitting is going to include Groupon or Living Social. This is because it represents a spike in business that represents a form of fee-splitting. This is because medical spa vouchers are sold through these services.
About Shorr Solutions: Shorr Solutions is a practice management consulting company with offices in South and Central Florida. We’re helping physicians and medical practices strengthen the operational, financial, and administrative health of their practice. Partners, Jay A. Shorr and Mara L. Shorr help dental and medical practices in the cosmetic and aesthetic fields save time and money.