Prepared by: Carlos Arce, Esq.
Florida Healthcare Law Firm
Looking for a healthcare business opportunity but don’t want to deal with insurance? Look no further than MedSpas! MedSpas offer a variety of non-medically necessary healthcare services such as Botox, IV hydration therapy, facial procedures, hormone therapy, weight loss, and rejuvenation or anti-aging therapy. These services require a healthcare provider to render them, in accordance with the provider’s scope of practice. While these services may not be reimbursed by insurance, they can be paid for directly by the patient receiving them, making for an excellent cash-based business.
Starting a MedSpa is a similar legal process as any business, but there are important specific considerations to keep in mind before diving in. First and foremost, it’s crucial to determine what services the medspa plans on offering and how the business will charge for them. Additionally, it’s important to consider the age group of target patients, since their insurance will help determine what the right insurance policies are for the business. Lastly, keep in mind that local licensing requirements often vary depending on the types of services offered.
While MedSpa owners do not need to be licensed healthcare providers, it’s important to understand the regulations to operate a medspa business within the law. One reason the state of Florida allows this is because MedSpas do not reimburse claims from insurance, therefore, they are not required to have an Agency for Health Care Administration (AHCA) license. Under Florida law, licensed healthcare providers are required to diagnose patients prior to receiving services. This step is crucial in ensuring compliance with applicable laws and protecting patients when considering opening a medspa business.
Even though the state of Florida doesn’t require a special license for MedSpas, they are still considered medical practices and must comply with certain regulations. This includes patient privacy laws, proper record-keeping procedures, and maintaining licensure for all healthcare providers. It’s also important to note that Florida has specific laws regarding fraud and abuse, including illegal referral payments and fee splitting. Stay compliant and ensure the safety of your patients by following these regulations before diving in to medspa business ownership.
Attorney Carlos H. Arce works with the Florida Healthcare Law Firm in Delray Beach, FL. He has deep experience with health law, business law, and mergers & acquisitions. Carlos has handled multi-million-dollar healthcare transactions and has served as out-of-house counsel to various small to large healthcare entities. He can be reached via email at [email protected] or by calling 561-455-7700.
