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Plastic Surgeons and Cosmetic Surgery Practices

SIC 8011  /  NAICS 621111 

The following guide to industry information, research, and analysis provides sources for industry trends and statistics, financial ratios, salary surveys, and more.

Select from the following page sections or scroll down the page below for a complete listing of all available resources:

Industry Overview, Issues, Trends, and Outlook

Financial Information and Financial Ratios

Compensation and Salary Surveys

Business Valuation Resources



See Doctors, Physicians, and Medical Practices for additional industry resources applicable to physicians in general. For resource guides specific to other industries, see Industry Information Resources which covers over 400 individual industries.



Industry Overview, Issues, Trends, and Outlook


Plastic Surgeons
http://www.ibisworld.com
Reports provide in-depth industry analysis and a five-year industry growth forecast, with special focus on the underlying structure and external forces and relationships that affect an industry and its performance. Report sections include:

Sample industry report is available free online.

American Society Of Plastic Surgeons
Information resources available from this organization include:

Cosmetic and Reconstructive Procedures
http://www.plasticsurgery.org/Cosmetic-Procedures.html
http://www.plasticsurgery.org/Reconstructive-Procedures.html
Overview of cosmetic and reconstructive surgery procedures. Available free online.

Plastic Surgery Procedural Statistics
http://www.plasticsurgery.org/News-and-Resources.html  See "Statistics" section
Comprehensive collection of cosmetic surgery statistics includes overall trends, number of procedures, gender distribution, age distribution, national average fees, and other information. Current and prior year reports can be viewed free online.


American Society For Aesthetic Plastic Surgery
Information resources available from this organization include:

Procedure Fact Sheets
http://www.surgery.org/press/procedurefacts.php
Overview of various cosmetic plastic surgical procedures. Available free online.

Cosmetic Surgery Statistics
http://www.surgery.org/press/statistics.php
Comprehensive collection of cosmetic and reconstructive surgery statistics includes overall trends, number of procedures, gender distribution, age distribution, national average fees, and other information. Available free online.


Bureau of Labor Statistics, U.S. Department of Labor
Occupational Outlook Handbook - Physicians and Surgeons
http://www.bls.gov/physicians-and-surgeons.htm
Information provided includes a description of the nature of the work, number and types of jobs, education and training, wages and earnings, employment outlook, and sources for additional information. All information is available free online.

Industry Market Research Reports
Plastic Surgery / Cosmetic Surgery
http://www.marketresearch.com  Search for specific terms or keywords
In-depth business market research reports include information on market size and market segmentation; marketing strategy; product and market forecasts; business trends, risks, and opportunities; key participant profiles; market share data; and more. Summary abstract and detailed table of contents for each market research report is accessible free online.

Industry Market Analysis Reports
Plastic Surgeons
http://www.bizminer.com  Search for "621111"
Industry statistics for cosmetic surgery practices include industry sales and sales trends, market size and market share by sales class, average company sales and sales per employee, staffing and employment trends, business start up activity and failure rates, and other business statistics on a national, state, and metropolitan area level. Sample market analysis reports can be viewed free online.

More Industry Research and Analysis
For more business research and analysis available from Standard & Poor's, Freedonia Group, Euromonitor, and other sources—including key business statistics, market research and analysis, and business trends and forecasts for a wide range of industries, see Industry Overview, Issues, Trends, and Outlook.




Financial Information and Financial Ratios


Industry Financial Ratios
Plastic Surgeons
http://www.bizminer.com  Search for "621111"
Five-year comparative financial statement analysis includes income statements with expense detail, balance sheets, cash flow statements, and key business and financial ratios for cosmetic surgery practices. Reports are available by sales size range, and also in small business, sole proprietor, and business start up versions. Sample financial reports with detailed financial ratio analysis can be viewed free online.

American Medical Group Association
Medical Group Compensation & Financial Survey
https://commerce.amga.org/store/category.cfm?category_id=2
Survey data includes starting salaries by specialty; compensation/productivity ratios; and comparative data from previous surveys, as well as providing analysis by group size and geographic region. In the financial section, profiles are provided per physician FTE, square footage, and work RVU. In addition to staffing profiles, the financial data includes medians, capitation impact, accounts receivable analysis, and department level analysis. A special section examines data specific to the academic/faculty practice environment.

Medical Group Management Association
Information resources available from this organization include:

Physician Compensation and Production Survey
https://www.mgma.com/store/productlist.aspx?fid=2971&tid=228
Includes compensation data for more than 100 physician specialties and 25 nonphysician provider specialties with data categorized by specialty, rank, geographic region, and other selected measures. Also includes various performance ratios illustrating the relationship between compensation and production and comprehensive and summary data tables that cover all specialties.

Cost Survey
https://www.mgma.com/store/productlist.aspx?fid=2971&tid=228
Includes detailed data on staffing and operating costs, broken out per physician, per provider, per patient, per square foot, as a percent of total medical revenue, per total RVU, and per work RVU. Revenue performance data including accounts receivable, charges, payer mix and procedural volume. Available in multi-specialty and single-specialty practice versions.


More Industry Financial Analysis
For more business financial information and analysis available from Integra Information, RMA Annual Financial Statement Studies, and other sources—including financial statements, financial ratios, and other key performance indicators and benchmarks for a wide range of industries, see Industry Financial Information and Financial Ratios.





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Compensation and Salary Surveys


American Medical Group Association
Information resources available from this organization include:

Medical Group Compensation & Financial Survey
https://commerce.amga.org/store/category.cfm?category_id=2
Survey data includes starting salaries by specialty; compensation/productivity ratios; and comparative data from previous surveys, as well as providing analysis by group size and geographic region. In the financial section, profiles are provided per physician FTE, square footage, and work RVU. In addition to staffing profiles, the financial data includes medians, capitation impact, accounts receivable analysis, and department level analysis. A special section examines data specific to the academic/faculty practice environment.

Medical Group Compensation & Financial Survey: Individual Specialty Data
https://commerce.amga.org/store/category.cfm?category_id=2
Data includes compensation data for individual specialties and administrative positions based on total responses, size of group, and region; gross productivity data based on total responses, size of group, and region; and compensation to productivity ratios based of gross productivity and work RVUs.


Medical Group Management Association
Information resources available from this organization include:

Physician Compensation and Production Survey
https://www.mgma.com/store/productlist.aspx?fid=2971&tid=228
Includes compensation data for more than 100 physician specialties and 25 nonphysician provider specialties with data categorized by specialty, rank, geographic region, and other selected measures. Also includes various performance ratios illustrating the relationship between compensation and production and comprehensive and summary data tables that cover all specialties.

Management Compensation Survey
https://www.mgma.com/store/productlist.aspx?fid=2971&tid=228
Includes compensation and benefit data for physician executives, management personnel, specialists, and supervisors within a medical group practice environment. Data are accessible by geographic area, size and type of practice, total medical revenue and other selected measures.


The Health Care Group
Staff Salary Survey
http://www.thehealthcaregroup.com/  Select "Products - Annual Surveys"
Survey provides nationwide salary data for 37 key office positions organized by position, years of service, and locale, and also provides data on benefits and turnover rates.

Hospital & Healthcare Compensation Service
Physician Salary & Benefits Report
http://www.hhcsinc.com/hcsreports.htm
Covers salary and bonus data on 44 physician specialties, chief of staff/medical director, interns and residents. Data reported according to: 9 regions, nationally, bed-size, hospital-based, HMO, or group practice status.

Bureau of Labor Statistics, U.S. Department of Labor
Occupational Outlook Handbook - Physicians and Surgeons
http://www.bls.gov/physicians-and-surgeons.htm
Information provided includes a description of the nature of the work, number and types of jobs, education and training, wages and earnings, employment outlook, and sources for additional information. All information is available free online.

Officer Compensation Expense
See "BizMiner Industry Financial Ratios" above for report including this data.
Five-year comparative financial analysis details officer compensation expense in both dollars and as a percentage of sales. Available by sales size range, and also in small business, sole proprietor, and business start up versions. Sample financial reports can be viewed free online.

More Compensation and Salary Data
For more compensation and salary survey data available from ERI Economic Research Institute, PayScale, Salary.com, and other sources—including average salary, salary range, incentive compensation, and employee benefits information for a wide range of jobs and industries, see Compensation and Salary Surveys.





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Business Valuation Resources


The Health Care Group
Goodwill Registry
http://www.thehealthcaregroup.com/  Select "Products - Annual Surveys"
The Goodwill Registry compiles transaction data on the intangible values of medical, dental, and other health care practices. Each reported transaction includes location, purpose, gross income, overhead percentage, and goodwill value in both dollars and as a percentage of gross income. Individual specialty information is also available for purchase online in "Products - Goodwill Registry Online" section.

BVMarketData
Private Company Sales Transactions Databases
Pratt's Stats®  http://www.bvmarketdata.com/PSAdvSearch.asp
BIZCOMPS®  http://www.bvmarketdata.com/BIZAdvSearch.asp
Free "Visitor Search" allows users to search thousands of private company sales transactions by SIC Code, NAICS Code, or business description for comparable business sale transaction data, including revenue, earnings, and EBITDA multiples. Data can be purchased as a single report or by subscription.


More Business Sale Transaction Data
For more business sale transaction data available from BizBuySell®, Done Deals, Mergerstat, Public Stats™, and other sources for a wide range of industries, see Business Valuation Multiples and Merger & Acquisition Transaction Data.



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