FEBRUARY 2008 PRESS RELEASE
Feed-back.com's Latest Survey Findings Provide Real-World Assessments Of Medical Spa, Medical Retail, and Retail Clinic Markets
February 5, 2008 (Jacksonville OR)
Figuratively speaking, promotion of skin care products is in our faces everywhere we turn. It is no surprise, then, that physicians are incorporating retail sales of high-end product lines into their practices. Entrepreneurial health care competitors use a flexible business model to evaluate operations and grow their businesses with new locations, products, and services.
Feed-back.com's newest report, "Competitive Health Care Markets", examines whether such changes are working for participants in the Medical Spa, Medical Retail, and Retail Clinic markets. In 2007, the number of retail clinics nearly tripled, representing an industry-wide investment of as much as $100 million or more. So far, however, established clinic companies and new entrants continue to focus on the top metropolitan markets, rather than taking the financial risk to identify under-served areas.
Clinic competitors might benefit from watching operational trends in other segments of the retail medicine market. During the second half of 2007, Feed-back.com's researchers conducted surveys with 400+ dermatology, medical spa, and plastic surgery practices. Approximately 18% of all surveyed facilities operate multiple locations, and 91% employ at least one health care professional (nurse, nurse practitioner, physician assistant, etc.). More notably, 85% of medical spa respondents reported significant changes in operations from 2006 to 2007 (e.g., equipment, facility, location, services, staff, ownership, etc.).
Feed-back’s “Competitive Health Care Markets” report delivers survey-based "real-world" insights and strategies for the medical spa, medical retail, and retail clinic markets. Bottom line assessments summarize the important points. The 82-page report includes 30 figures and tables.
For questions, contact Millie Narum at: 541-899-8088.
