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, market research and analysis, financial ratios and salary surveys, and more.
Select from the following sections or scroll below to view available resources:
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Industry Analysis, Trends, Statistics, and Forecasts
Comprehensive market research reports provide in-depth industry analysis and five-year forecasts, with special focus on the underlying structure and external forces and relationships that affect industries and their performance. Report contents include:
The Allied Media Network
Plastic Surgery Practice
Monthly trade publication features news and information for cosmetic and reconstructive surgeons, with topics covered in the practice management section including service solutions, staffing, data management, Medicare and insurance, marketing, reputation management, digital marketing (e.g., SEO, social media), regulatory matters, and legal issues. Current and archived digital editions of the magazine can be viewed free online.
First Research profiles cover key aspects of an industry's size, scope, and operations and include a five-year growth forecast. Profile contents include:
American Society of Plastic Surgeons
Plastic Surgery Statistics Report
Annual statistical report provides a comprehensive analysis of cosmetic and reconstructive procedures in the U.S., with topics covered in the report including cosmetic and reconstructive procedure trends, cosmetic surgery distribution by age and gender, regional distribution of procedures, average surgeon/physician fee by procedure, and patient demographics. Current and prior editions of the report are available free online.
American Society for Aesthetic Plastic Surgery
Cosmetic Surgery National Data Bank
Comprehensive publication provides an analysis of surgical and nonsurgical cosmetic procedures performed by plastic surgeons, dermatologists, and otolaryngologists, with data provided including top five procedures, national totals by procedure, multi-year trend comparison, percentage change in selected procedures, and national average fees per procedure. Current and prior editions of this publication are available free online.
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Financial Statements and Financial Ratios
Cosmetic Surgery Practices
https://www.bizminer.com Search for "621111"
Five-year financial statement analysis includes income statements, balance sheets, and key financial ratios, with data available by sales size range on a national, state, and metro area level.
(see links for individual reports)
Cost structure benchmarks section of these reports provide an analysis of industry costs and profits as a percentage of revenue by income and expense category (e.g., purchases, wages, depreciation, marketing, rent and utilities, other expenses, and earnings before interest and taxes) and includes commentary on trends and expectations for specific categories. Sample report can be downloaded and viewed online.
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Compensation and Salary Surveys
Medscape Plastic Surgeon Compensation Report
http://www.medscape.com/ Search for above title
Annual report provides compensation data for over 25 physician specialties, with compensation data for each physician specialty broken out by gender, employment status (e.g., employee, solo, partner), practice setting (e.g., multi-specialty group; single-specialty group; solo practice; hospital; academic, research, government, and military; and outpatient clinic), and geographic area. Current and prior surveys are available free online.
Medical Group Management Association
MGMA DataDive Provider Compensation Data
Annual physician compensation and production survey covers over 140 specialties, with compensation data reported by specialty, practice setting, years in specialty, compensation method, and geographic region and statistical data measures provided for each specialty including mean, median, and upper/lower quartiles and deciles.
Society of Plastic Surgical Skin Care Specialists
Practice Profile Survey
http://www.spsscs.org/ Search for above title
Biennial member survey provides an analysis of practice characteristics and pay structures for aestheticians, registered nurses, cosmetologists, and other skin care specialists, with survey results broken out by age, licenses held, years of experience, type of practice, size of practice, number of hours worked per week, and percentage of time spent with patients. Current and prior executive summaries are available free online.
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Business Valuation Resources
The Health Care Group
Goodwill Registry - Plastic Surgery
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 in the "Goodwill Registry Online by Specialty" section.