How to Open a Med Spa in Texas
It is often said that if you look good, you will feel good, and the medical spa industry has capitalized on this idea. The global medical spa market was worth around $16.51 billion in 2022 and is predicted to grow to approximately $49.1 billion by 2030, with a compound annual growth rate of roughly 14.61% between 2023 and 2030. With Texas being the second largest state in the United States and known for the saying “everything is bigger in Texas,” the growing popularity of medical spas presents significant business opportunities. Medical spas are opening up everywhere and will continue to experience robust growth. Consumers love them because they offer various medical-grade aesthetic services under physician supervision in a relaxing, spa-like environment. However, for a medical spa to succeed, it must be properly and compliantly set up from the beginning. So, how do you open a medical spa in Texas? Here’s a quick guide on the basics and where to begin.
1. Create a Business Plan
First, decide what you want your business to look like in 1, 5, and 10 years. Next, select a name, create a logo, and identify your target audience. Proper planning from the start will help you set goals and secure financing if needed.
2. Understand Ownership Laws
In Texas, only physicians can own a medical spa under the corporate practice of medicine doctrine, through a professional limited liability company (PLLC) or professional association (PA). However, exceptions include podiatrists, chiropractors, optometrists, and sometimes physician assistants. If you are a layperson, you can own a management services organization (MSO) through a limited liability company (LLC) and enter into a management services agreement with a physician to manage the non-medical aspects of the business. Therefore, it is crucial to consult a practice lawyer to help set this up properly.
3. Hire Medical Professionals
Next, select a medical director and hire medical staff. Ensure all legal documentation is in place, including medical director agreements, independent contractor agreements, and supervisory agreements for any midlevel practitioners. Additionally, provide proper training for all medical professionals to stay current with the latest procedures and make your business competitive.
4. Obtain Necessary Insurance
Afterward, get general liability insurance to protect against accidents and property damage. Also, secure malpractice insurance to cover lawsuits related to services and procedures. Additionally, obtain workers’ compensation insurance to cover lost wages or medical expenses for employees in case of work-related accidents.
5. Choose a Location
Decide whether to offer mobile services or have a physical location. Check with your local town hall for necessary permits to open your medical spa. Furthermore, ensure your space is approved for medical use and create an inviting atmosphere. If you plan to offer cosmetology services and hire an esthetician, the Texas Department of Licensing and Regulation requires a Salon license.
6. Select Services and Equipment
Choose which services to offer and purchase/lease the necessary equipment. Initially, start with a few popular services to avoid over-expanding too quickly. Additionally, ensure personnel handling equipment have the proper licenses, such as a permit for laser hair removal from the Texas Department of License and Regulation.
7. Register for Sales Tax
Sales tax registration is required if you plan to sell taxable goods or services like skincare products.
8. Create a Website
Develop a website for customers to view and book services easily. Ensure it has a clear call to action, including services offered, booking options, location, and hours.
9. Build Vendor Relationships
Establish relationships with vendors and suppliers for supplies. This could also lead to training opportunities from vendors.
10. Market Your Business
Join social media groups and create business pages on Facebook and Instagram. Furthermore, use buzz hashtags to make your business easily searchable.
11. Establish Protocols and Procedures
Document protocols and procedures, create an employee handbook, and prepare consent forms for all services.
Once all these steps are complete, you are ready to start seeing clients and enjoying the fruits of your labor. Owning a medical spa can be a fun and rewarding business venture.
If you’re in need of help, guidance or have questions concerning healthcare business legal matters or trademarks, we invite you to explore our website at Dike Law Group. To initiate a free intake discussion, please go to dorismeet.com, where you can schedule a meeting with the attorney. Our services assist healthcare professionals in Texas and throughout the country.
