A pureplay cosmetic company, MedSpa was purchased by a private equity group with plans to add a new dermatology vertical. Medspa is an industry leader nationwide, specializing in laser hair removal and medical aesthetic treatments with multi-state, multiple locations.
LBMC was engaged to perform pre-close services to include financial, tax, and coding/compliance /billing due diligence. Post close, LBMC was engaged to provide an IT solution (PM/EMR) selection and revenue cycle services (payor enrollment, credentialing, billing, AR mgt ) in addition to audit /tax compliance work.
LBMC provided back-office solutions and audit/ tax compliance work to support the overall growth model. MedSpa was enabled to recruit /retain multiple dermatologists to provide a more comprehensive array of services to include general, cosmetic and surgical dermatology services in multiple states.