What do Botox, dermal fillers, and tissue lifting all have in common? They’re noninvasive procedures that can be offered by med spas and plastic surgery practices. In recent years, noninvasive procedures have become more popular and accessible. They provide patients’ and clients’ desired cosmetic results in less time, without a lengthy recovery process, and with fewer side effects.
Practice Management | Patient Care
About 90% of American adults struggle with health literacy, resulting in confusion around diagnoses, preventative health, and treatment options. That means the vast majority of Americans aren’t getting the best health outcomes possible or truly understanding what they need, placing undue strain on the healthcare industry. This problem is a long-term challenge, but there is a solution: commitment to providing clear, thorough, accessible patient education can help greatly reduce patients’ frustration.
In a relatively short time, the med spa industry has grown into a juggernaut. Within the last three years alone, the number of med spas in the United States has doubled. While interest in med spa services has increased, so has the competition for that business. Fortunately, your med spa can stand out by compiling a medical spa services menu with the most in-demand med spa services — and the ones that are most profitable for your practice.
There’s never been a better time to start a med spa. In 2023, the industry was valued at $18.79 billion in annual revenue, and it's expected to continue growing. Opening a med spa can be a smart financial move. But it's only possible if you meet the licensure requirements to do so.
It may seem like nearly everywhere you go, a new med spa is opening. And the truth isn’t far from that perception. From 2021 to 2024, there’s been a 100% increase in the number of med spas in the U.S. But are med spas a profitable long-term endeavor or a passing fad?
The rise of telemedicine ranks among the more significant changes in healthcare following the COVID-19 pandemic. It is now an integral part of our healthcare system and can be an effective way to serve more patients and offer current patients flexibility. The administrative process for telehealth, however, can be complex and is a common area where practices can optimize their workflow, especially with telehealth coding. To help, this guide includes the most popular telemedicine codes and telemedicine coding mistakes to avoid.
Interest in aesthetic procedures, including Botox and dermal fillers, has increased 40% over the last four years. As a plastic surgery or dermatology practice or a med spa, you are well positioned to perform these procedures — so long as you understand and follow the legal requirements around who can administer Botox and dermal fillers.
Sustained success in the specialty healthcare industry requires a tireless dedication to improving your clinical and administrative processes. For example, you may have explored new methods for increasing patient volumes and found ways to cut back on costs without impairing your quality of care. In that pursuit of business excellence, don't overlook your billing documentation. Inaccuracies – especially during charge capture – can negatively affect your bottom line. But what is charge capture and how can you improve the charge capture process?
