Opening Your Own Aesthetic Medical Practice
Have Questions About the Process of Opening A New Aesthetic Practice?
Check out a few frequently asked questions below!
There is a lot of strategy that goes behind deciding on the perfect location for your practice. With our help, we will put together a geographic and demographic analysis that provides the data to help us determine where the right location actually is for you. The report includes an analysis of factors such as age, gender, income, housing, and competition.
No two aesthetic practices are alike but many perform the same services. It really depends on what procedures you will be performing and the demographic location your practice is in. You want to be careful to have the patient base to drive revenue so you do not end up with a laser or equipment graveyard. Every practice has the infamous “equipment graveyard,” basically meaning that everyone has pieces of equipment that they bought and do not use. Lastly, do not get caught up with aggressive salespeople. Make sure you know the equipment you want.
There are five steps when hiring new staff:
- Recruiting (you can go about this through HR employment channels, referrals, vendors, etc.)
A third-party practice management consulting firm like our team of experts or a qualified team of professionals you’d like to work with, can assist you in this process!
You need to have it reviewed by an attorney and/or a third-party practice management consultant to determine the liability of your exit strategy. You have to be careful of non-competes and any previous negative negotiations.
The process can take 6 months to a year.
You should start planning to open your aesthetic practice the moment you decide you want to open it. It is never too early! As practice management consultants we can assist you in your complete process. We’ll assist you in finding your perfect location and will conduct a feasibility study on demographic and geographic factors, as well as assess your competition. We’ll also assist you in planning your vendor management, staffing, capital equipment for the production of revenue, and figuring out what makes your practice different and special. You also have to make sure that you have an electronic medical system, website, and computers set up before you open. We’ll work on setting these up with you as well.
If you still have any questions about the process, just ask! We’re here to help you and be a knowledgeable resource for you. Fill out our form below and send us a message!
Questions? Contact Us!