When the economy slows, so does cosmetic surgery
In my April 4th post, I referred to the view of the healthcare industry as generally recession-proof, with a few exceptions.
One of these exceptions includes elective procedures, which, like other discretionary purchases are susceptible to economic downturns. Within the category of elective procedures falls cosmetic surgery, and this article by Slate.com speaks directly to the impact of a recession on the cosmetic surgery profession.
If your local real estate agent’s face is hanging low these days, it might be more than sadness. The recession’s latest victim is cosmetic surgery. “Plastic surgeons from the Southland to South Florida said some colleagues are struggling to stay in business,” Ricardo Alonso-Zaldivar reports in the Los Angeles Times. A breast implant company disclosed a decline in surgeries late last year; a laser eye-surgery firm has lowered its forecast based on a similar trend early this year. A professional breast augmenter frets that in January and February, business for some of his colleagues was off 30 percent to 40 percent.
Click here or call (888) 827-5613 for information on a free program dedicated to helping private practices throughout the U.S. strategically adjust to the slowing economy. Free program runs through March 31st, 2009 and is open to practice owners and administrators of any healthcare discipline.
Tannus Quatre PT, MBA is a practice consultant and principal with Vantage Clinical Solutions, Inc., a national healthcare consulting and management firm located on the west coast. Tannus can be reached through the Vantage Clinical Solutions website by clicking here.