Medical Spa Industry Compliance with Alex Thiersch

Medical compliance issues extend to the medical aesthetic and medical spa industry. In fact, as one of the fastest-growing industries with a shortage of qualified injectors, medical spas risk falling out of compliance. Nicole Gregory is joined by Alex Thiersch, the CEO of the American Med Spa Association, to talk about med spa compliance, the importance of education, tracking growth income, how to approach trends, and making your med spa more inclusive. The medical spa industry is seeing consistent growth, but it is still dealing with the exact compliance issues it was fifteen years ago. Alex explains where the compliance issues stem from and why this is happening. As an attorney, Alex is pushing for a compliance benchmark where consumers will feel comfortable going to any med spa. 99% of medical spas follow the current regulations. It’s only a small handful of spas that aren’t compliant, and it tends to fall to the fact that they don’t know any better. Unless they’ve initially trained in plastic surgery or dermatology, most MDs, RNs, and Nurse Practitioners aren't aware that medical aesthetics is an industry they can not only succeed but thrive. The only solution here is to push education; training courses are available from AmSpa, your local med spa, and at Urban You. We encourage you to explore the medical aesthetics industry, get some hands-on experience, and go further with it if you love it. Be part of the solution to the compliance issues due to lack of training in various aspects of the industry. In this episode, you will also learn about why medical aesthetic practitioners are at risk of losing their medical licenses, investment opportunities through private equity funds, and why it’s harder to consolidate medical spas (there are currently between 7500-8000 different brands of med spa across the world!), and the importance of marketing to BIPOC and transgender individuals. Discussed in this episode: ●  The growth of medical aesthetics and med spas ●  Compliance issues impacting the industry ●  Solving compliance issues with education and training ●  How private equity is driving industry growth ●  Consolidating medical spas - dos and don’ts ●  How to become a qualified medical spa practitioner ●  How to know if a new trend is something you should pursue ●  The You Belong Here campaign for the inclusion of BIPOC and transgender people Connect with American Med Spa ●  Website: https://www.americanmedspa.org/ ●  Instagram: https://www.instagram.com/amspa_americanmedspa/ ●  Facebook: https://www.facebook.com/AmericanMedSpaAssociation/ ●  Twitter: https://twitter.com/amspa1 ●  YouTube: https://www.youtube.com/channel/UC67oWsoscR1MDgFozbYEYHg LinkedIn: https://www.linkedin.com/company/american-med-spa-association/