License Requirements to Open a Med Spa
So, you want to open a medical spa. Congratulations! Now is an excellent time to enter the industry. The medical spa industry is growing rapidly and is projected to reach $25.9 billion by 2026. But before you get too ahead of yourself, there are a few things you need to take care of first—namely, acquiring the proper licenses. This article will outline the steps to open a successful medical spa.
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Always Seek Legal Counsel As Your First Step
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Before getting into the nitty-gritty of licenses, you should always seek legal counsel before taking any steps to open your business. Every state has different laws governing medical spas, and you must ensure that you comply with all regulations. An attorney specializing in healthcare law can advise you on the best course of action. Failure to comply with state regulations can result in hefty fines; in some cases, your business can be shut down for permit violation.
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Partner with a Physician to Maximize Your Business Potential
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If you are not a physician or a nurse practitioner, you will be limited to operating a day spa. A medical spa, on the other hand, can only be operated by a physician or nurse practitioner. The main difference between the two is that a medical spa can offer specific medical procedures that a day spa cannot, such as Botox injections and laser hair removal. However, there is a way to get around this problem. The solution is to establish an MSO.
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What Is an MSO?
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MSO stands for Management Services Organization. An MSO is a company that provides a business space for a physician or physician-owned corporation to open a business that offers many services, including medical spa treatments, advertising, marketing, hiring employees, renting equipment, and other business-related activities.
By setting up an MSO and partnering up with a medical professional, you can open a medical spa without having to obtain a medical license yourself, and your business will be established as a credible source of aesthetic services. Additionally, having a physician on board will help put your clients at ease, as they will know that there is always a qualified medical professional on hand in case of any complications.
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Sign a Management Services Agreement (MSA) With Your Partnered Physician
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Setting up an MSO business is not enough to open a medical spa. You must also sign an MSA with the physician or nurse practitioner who agrees to be the Medical Director of your med spa business. The MSA is a contract between you and the physician that outlines the terms of your partnership.
This contract is crucial for both parties because it ensures that you and your partner are clear on your roles and responsibilities. It also protects you from legal liability if something goes wrong with a medical procedure at your spa.
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Get the Proper Insurance Coverage for Your Medical Spa
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Another critical step in opening a medical spa is getting proper insurance coverage because it will protect you and your business in case of any accidents or injuries that occur on the premises.
It is important to note that not all insurance policies are created equal. You want to ensure that your policy covers all medical procedures you plan on offering at your spa. You should also make sure that your policy has enough coverage to protect your business in case of a lawsuit.
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Hire Qualified Staff
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The reputation of your med spa depends heavily on the quality of your services. To provide the best possible service, you need to hire qualified staff. All of your employees should be licensed and certified in their respective fields.
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Provide Proper Training for Staff
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Even if your staff are highly-trained professionals, they may not have any experience with your equipment. To ensure that they can fully operate your equipment with ease and maximize the treatment results, you should set up training sessions with your equipment manufacturers. These sessions will teach your staff how to use the equipment properly and how to troubleshoot any problems that may arise.
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Keep Your Med Spa Compliant With AestheticsPro
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Keeping track of all your paperwork and renewing your permits and licenses on time can be a full-time job. AestheticsPro can help take the burden off your shoulders by keeping track of all your compliance documents.
Our cloud-based management system will remind you when it is time to renew your licenses and permits, so you can focus on running your business. In addition, your physician partner can easily access all client documents from our system so that they can revise and authorize treatment plans from anywhere.
Contact us today to learn more about our services!