As Kicksaw’s Healthcare & Life Sciences practice has evolved, we’ve developed some amazing partnerships with providers of aesthetic medicine and medical spa treatments. In this post, we’ll share some of our key learnings and takeaways from solving some of the most critical business needs of providers in this dynamic, fast-growing segment of healthcare.
We won’t bury the lede here: business is booming. The global aesthetic medicine and medical spa markets combined for a massive $128.4B market valuation in 2022, and seven-year Compound Annual Growth Rate (CAGR) forecasts for each market hover around 14.8%. An influx of capital from private equity investors and market consolidation from merger and acquisition (M&A) activity has created a surge of growth and resources available to organizations in this space, as well as increased demand for enterprise technology and improved business processes necessary for a blitz-scale strategy.
Throughout our conversations with med spa and aesthetics providers, we’ve found a few common themes, and we have spotted several trends that have guided these providers to partner with Kicksaw:
The solutions we’ve delivered for our med spa and aesthetics provider clients have been primarily geared towards empowering rapid growth and scalability, and we’re often replacing legacy, siloed systems with more connected processes central to the Salesforce platform. We’ve distilled some of the value we’ve provided into three categories:
Optimizing lead response time and streamlining the appointment booking process have been some of the most pressing challenges for our med spa and aesthetics clients who are operating in an increasingly competitive environment. Harmonizing revenue recognition through integrations and establishing connected systems has helped create value through process efficiency, while also elevating our clients’ ability to measure and improve critical sales processes. We’ve helped maximize the top of the funnel in a number of ways:
As med spa and aesthetics providers offer more longitudinal treatments like hormone replacement therapies, weight loss treatments, and anti-aging protocols, we’ve seen a need to effectively track and manage the care provided to patients over the course of time.
We’ve found that using care plans in Salesforce Health Cloud is a highly-effective solution for helping med spas and aesthetics providers monitor and optimize patient outcomes in long-term treatments. The core structure of care plans, centered around addressing "problems" and achieving "goals," provided a great solution for a Kicksaw client offering personalized medical weight loss treatments, but it’s also an applicable framework for tracking and managing various longitudinal therapies offered in this space.
Although provider credentialing is necessary for any organization employing clinical staff that care for patients, we’ve found it to be a critical need for our fast-growing med spa and aesthetics clients that are often doubling their number of facilities annually. This rapid expansion has highlighted the shortcomings of legacy systems and spreadsheets, and we’ve helped teams that are responsible for recruiting and onboarding physicians accelerate their processes in a number of ways:
We’re grateful for the opportunity to have learned so much from our med spa and aesthetics provider clients throughout a variety of successful consulting engagements, and we’re also thrilled about the positive impact we’ve helped make on the growth of their respective businesses. If you’re interested in learning more about our work with leading providers of aesthetic medicine and medical spa treatments, drop us a line — we’d love to connect with you.