Building a loyal patient base is essential for the long-term success of any cosmetic practice. While attracting new patients is important, retaining your existing patients can be even more valuable. Research shows that the cost of acquiring a new patient is significantly higher than retaining an existing one, and loyal patients are also more likely […]
Acquiring the latest medical equipment is a key component of any successful plastic surgery practice growth strategy. However, medical equipment costs can quickly eat into your practice’s operating capital. For this reason, many practice owners weigh the benefits and drawbacks of leasing vs. buying medical equipment. Here, we break down some of the pros and […]
Running a successful plastic/cosmetic surgery practice requires more than excellent patient care – it also involves a strategic approach to business operations to optimize profitability. Here are five key steps that can help to enhance your practice’s bottom line, boost efficiency and strengthen patient loyalty. 1. Adopt Efficient Workflows Take a close look at your […]
Partnering with a private equity (PE) firm can be an exciting opportunity to grow your plastic surgery practice. It can provide you with the capital, resources and expertise needed for expansion. But to make the most of this opportunity, you have to find the right fit first. Here are a few of the boxes to […]
Suppose you’ve been considering partnering with a private equity group to accelerate your plastic surgery practice's growth and future success. In that case, you might question whether this could be the right move for your business. While private equity offers a variety of benefits, such as access to capital, operational support, and group purchasing power, […]
