In this discussion from an April 2023 webinar, AmSpa’s COO, Cathy Christensen, speaks with Beto Casellas of Synchrony; Paul Edwards of CEDR HR Solutions; Kaeli Lindholm of KLC Consulting; Lauren Olson, PA-C, of Radiance Medical Aesthetics & Wellness; Alex R. Thiersch, JD, of AmSpa; and Christin Trujillo of Maven Financial Partners. These industry experts discuss the present economic concerns and offer strategies to medical spa owners shoring up their businesses. In Part 1, they cover:

• How economists define a recession;
• What medical spa owners are seeing on the ground;
• Trends in aesthetic practice revenue and patient behavior;
• Tactics to financially strengthen your medical spa;
• The consumerism of health care and being transparent with patient costs;
• How well-engaged employees can help you succeed;
• Capitalizing on opportunity with expansions;
• And more!

Stay tuned for Part 2 to learn more about how they have weathered financial storms in the past and come away with strategies that can help you protect your business.