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10 Step Financial Checklist: How to Better Prepare Your Finances for 2019

10-Step Financial Checklist: How to Better Prepare Your Finances for 2019

December 5, 2018

With the end of the year approaching it can be a bit daunting to get your affairs in order for the new year. That’s why we’ve created a 10-step financial checklist on how to better prepare your finances for 2019.

  1. Get Organized
    1. Even during the busy holiday season you need to take the time to get organized. Take time to declutter your practice. Get rid of old papers and files by shredding, do a deep clean and steam clean your carpets, order holiday cards and write thank you notes for you employees and loyal clients. Don’t wait until the new year to start organizing!
  2. Run an Inventory Check
    1. Depending on your accounting methods, you may be eligible to claim additional deductions on your inventory. You don’t want to miss out on these potential savings before the year ends.
  3. Annual Review
    1. Now is the best time to get a full review of your business. How did your employees perform? What were the best sales tactics and what treatments/packages sold the most? Be sure to sit down with each of your employees as well to get a better insight into what they think worked successfully or didn’t throughout the year. Also, take into account any holiday scheduling and request their schedules for next year to begin mapping out your hours.
  4. Review Policies
    1. After speaking to your team be sure to take their feedback into consideration and integrate with your current policies if deemed necessary. It’s important to review your policies each year to ensure your customer service (and revenue stream) remains 5-star year round.
  5. Donate to Charity
    1. A charitable contribution is not only good for the soul, but also your small business finances. You can donate either money or goods to claim additional deductions during tax season.
  6. Be Tech Savvy / Website Updates / SEO / New Software
    1. Now would be a good time to review your website to ensure it’s up to date and no edits need to be made. How up to date is the software you are currently using? Do you need to consolidate any software or systems? There may be a more cost effective system out there that can save you money (and headaches) by combining your current systems into one. Explore all of the options!
  7. Employee Check Up
    1. Never a fun task, but take a moment to review your employees. Who performed the best? Who didn’t? Who deserves a promotion, pay raise, a demotion or possibly even being let go? What about holiday bonuses? Be sure to read up on another article on how to thank your staff.
  8. Make Purchases
    1. Another tax deduction hack! See what supplies your business needs before the year ends. It can be office supplies, new equipment or upgrades, even vendor payments.
  9. Reconcile Your Books
    1. No matter when your financial year ends it’s a good idea to begin reconciling your books before January. For example, f any expenses need to be discussed with a fellow team member you want to ensure they are around and not on holiday vacation.
  10. Plan. Plan. Plan.
    1. Have you reviewed your current marketing strategy? What worked? What didn’t? Did any promotions this year work better than you anticipated? Take everything into consideration as you strategize and begin mapping out your sales and marketing plan for the new year.

Contributed by The Medical Business Academy, an exclusive MedResults Partner.

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MedResults Partners with Sientra® for BIOCORNEUM®

MedResults Network Announces Marketing Partnership with Sientra® for its Silicone Scar Treatment BIOCORNEUM®

April 17, 2018

This week, MedResults Network is very pleased to announce a marketing partnership with Sientra, Inc., a medical aesthetics company. MedResults Network’s 3,100 members now have access to exclusive benefits with the physician’s choice for advanced scar treatment. BIOCORNEUM® is the only topical scar treatment with FDA-Cleared Silishield™ patented crosslinking medical grade silicone and SPF 30 to prevent and minimize the formation of hypertrophic scars, decrease the appearance of old scars, protect scars from sun exposure’s darkening effects, and dry quickly to adhere to the skin for 12 to 24 hours. BIOCORNEUM can be used on scars resulting from surgical and cosmetic procedures, trauma, wounds and burns, and can be effective on old or new scars. Through its national partnership with Sientra, MedResults Members will now have access to exclusive pricing and benefits on BIOCORNEUM.

B.J. Scheessele, Vice President of Marketing at Sientra, said, “Scar management is an important consideration for surgeons and their patients following many types of procedures. BIOCORNEUM provides patients with a quick-drying, simple to use treatment with efficacy that is backed by strong data across 16 clinical studies. We’re delighted to provide MedResults Members access to this unique technology and look forward to expanding our presence in the aesthetic medical space through our national partnership with MedResults Network.”

Jeff Routledge, President and Chief Executive Officer of MedResults Network commented, “We are very excited and grateful to partner with Sientra, a premier medical aesthetics company. Through our due diligence, which includes speaking extensively with our Members, we are predicting that utilization of BIOCORNEUM will extend well beyond our 600+ plastic surgery practice Members. Interest and excitement is also high within our 400+ dermatology practice and 1,400 med spa Members as well.”

About MedResults Network

MedResults Network is an organization based on saving aesthetic providers time and money. Using the buying power of over 3,000 Members, MedResults has negotiated with over 50+ national vendors to bring aesthetic providers discounts and rebates on the products and services they use daily. MedResults Network is the only national buying group that offers membership to benefits at no cost to Members, with no risk, and with the opportunity for Members to continue purchasing directly from their preferred manufacturers and distributors.

 About Sientra

Headquartered in Santa Barbara, California, Sientra is a medical aesthetics company committed to making a difference in patients’ lives by enhancing their body image, growing their self-esteem and restoring their confidence. The Company was founded to provide greater choice to board-certified plastic surgeons and patients in need of medical aesthetics products. The Company has developed a broad portfolio of products with technologically differentiated characteristics, supported by independent laboratory testing and strong clinical trial outcomes. The Company sells its breast implants and breast tissue expanders exclusively to board-certified and board-admissible plastic surgeons and tailors its customer service offerings to their specific needs. The Company also offers a range of other aesthetic and specialty products including BIOCORNEUM, the professional choice in scar management, and miraDry, the only FDA-cleared device to reduce underarm sweat, odor and permanently reduce hair of all colors.

To access MRN-exclusive pricing on BIOCORNEUM and free samples, visit www.medresultsnetwork.com/experiencebiocorneum

 

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Beauty is No Longer Only Skin Deep

Virtual Health Partners Joins Forces with MedResults Network to Promote Aesthetic Wellness

Access the original press release here.

NEW YORK, Nov. 15, 2017 /PRNewswire/ — Looking good and feeling good are closely aligned, which is why Virtual Health Partners, Inc. (VHP), a virtual wellness and weight loss company, today announced a partnership with MedResults Network (MRN), the premier buying network for medical spas and aesthetics physicians. MRN will be introducing VHP across their network of 3,000 members, highlighting the correlation between overall wellness and the results of cosmetic treatments. The partnership reflects VHP’s dedication to providing live, virtual wellness support and nutritional care to clients of plastic surgeons, medi-spas, and aesthetic medical physicians anywhere, at any time.

“For many of us, late nights at the office, stress, and errands can get in the way of balancing a healthy lifestyle,” said Jillian Cohen, Chief Executive Officer and Co-founder of VHP.  “However, doctors say that prior to and after any aesthetic treatment, whether it is a facelift, liposuction or even injectables, it’s important to focus on fitness and nutrition for optimal results. The VHP platform can be used before and after procedures to help providers’ clients reach and maintain their desired aesthetic outcomes.”

MRN members will have the ability to offer their patients virtual access to a team of wellness specialists through their phone, computer or tablet. Patients will be able to schedule live 1:1 nutrition appointments and access live, virtual nutrition, fitness& lifestyle modification classes, and a library of on-demand resources.

“We have finally found a program that allows a practice or med-spa to focus on what they do best – providing aesthetic treatments and procedures, while offering their patients direct access to a renowned wellness and weight management program,” stated Jamie Parrott, Chief Operating Officer of MedResults Network. “Through VHP’s virtual technology, patients have the ability to communicate directly to a certified nutritionist and wellness expert. VHP gives convenient and easy access to experts on the patient’s or client’s schedule, not a 9 to 5 clinic schedule.””I often recommend that clients commit to healthy living in order to feel and look their best,” said Monique Ramsey, Medical Spa Director at La Jolla Cosmetic Surgery Centre and an MRN member. “Having access to the VHP platform allows me to interact with clients pre- and post-treatment, to ensure that they are keeping up with a routine that will keep them looking their best.”

 

“I often recommend that clients commit to healthy living in order to feel and look their best,” said Monique Ramsey, Medical Spa Director at La Jolla Cosmetic Surgery Centre and an MRN member. “Having access to the VHP platform allows me to interact with clients pre- and post-treatment, to ensure that they are keeping up with a routine that will keep them looking their best.”

About Virtual Health Partners®

Virtual Health Partners, Inc. an innovator in wellness and weight loss, offers a comprehensive program recommended by physicians, fitness, wellness and health experts around the world. The HIPAA compliant program includes live one-on-one nutrition appointments, fitness classes, and lifestyle modification coaching by a team of wellness specialists. Clients can only receive an invitation through a participating VHP partner – medical providers, fitness centers, medi-spas, pharmaceutical, medical device or nutritional supplement companies. All coaching is done through a mobile app, tablet, or computer, with live support available 7 days a week.

For more information, visit www.virtualhealthpartners.com.

About MedResults Network

MedResults Network is a free membership buying group that offers instant discounts and quarterly rebates at no risk or obligation. They have partnered with over 50 leading national vendors to negotiate cost savings for its members in product categories including dermal fillers, lasers, skin care, and more. Since 2008 their leadership team has worked closely with both their members and partners to ensure their continued growth and success.

For more information, visit www.medresultsnetwork.com.

Media Contact:
Fiona Farley
EvolveMKD
VHP@Evolvemkd.com
646-517-4220
© 2017 Virtual Health Partners, Inc. All rights reserved.
SOURCE Virtual Health Partners, Inc.
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MRN Forms Exclusive Partnership With Strata Skin Sciences

STRATA Skin Sciences Announces Agreement with MedResults Network, a GPO Exclusive to the Aesthetic Medical Market

Agreement will enhance sales efforts of Nordlys and Stratapen

Horsham, PA, October 16, 2017 — (NASDAQ: SSKN) STRATA Skin Sciences, Inc. (“STRATA”) a medical technology company in Dermatology and Plastic Surgery dedicated to developing, commercializing and marketing innovative products for the treatment of dermatologic conditions, today announced signing an Agreement with MedResults Network (MRN). MRN is a Group Purchasing Organization that has more than 3,000 members including Dermatology Offices, Plastic Surgery Practices, Facial Plastic Practices, MediSpas and other providers. MRN researches product categories and selects advantaged products and then negotiates pricing for its membership. MRN focuses on the aesthetic market and has agreements with more than 50 vendors with only one vendor per product category.

Frank McCaney, President and Chief Executive Officer of Strata, commented:

“We are pleased to announce this relationship which we believe has major benefits to STRATA. MRN has a loyal and long term subscriber base and a reputation for providing value to its members. MRN provides additional value to its members by offering educational seminars and value to its vendors by active promotion of the products on agreement with them. Furthermore, the products that Strata introduced earlier this year in the Aesthetic space are outstanding products but lacked broad awareness. We believe that the reach and credibility of MRN will greatly benefit our sales efforts.”

Jeff Routledge, President of MRN added:

“We are excited about the opportunity to assist STRATA in marketing their products to our membership. STRATA’s Aesthetic products, Nordlys and Stratapen are excellent products that are in growing sectors of the Aesthetic market. MRN’s mission is to offer our members best-in-class products from world class companies through pricing that can only be achieved by leveraging the buying power of our 3,000 member practices and medical spas.”

The relationship between MRN and STRATA with special pricing to MRN members is being fully launched to the membership this week.

About STRATA Skin Sciences, Inc.

(www.strataskinsciences.com)

STRATA Skin Sciences is a medical technology company in Dermatology and Plastic Surgery dedicated to developing, commercializing and marketing innovative products for the treatment of dermatologic conditions.  Its products include the XTRAC® laser and VTRAC® excimer lamp systems utilized in the treatment of psoriasis, vitiligo and various other skin conditions; the STRATAPEN™ MicroSystem, marketed specifically for the intended use of micropigmentation; and Nordlys, a multi-technology aesthetic laser device.

About MedResults Network

(www.medresultsnetwork.com)

MedResults Network is a free membership service that offers instant discounts and quarterly rebates at no risk or obligation. They have partnered with over 50 leading national vendors to negotiate cost savings for its members in product categories including fillers, lasers, skin care, and more. Since 2008 their leadership team worked closely with both their members and partners to ensure their continued growth and success.

Safe Harbor

This press release includes “forward-looking statements” within the meaning of the Securities Litigation Reform Act of 1995. These statements include but are not limited to the Company’s plans, objectives, expectations and intentions and may contain words such as “will,” “may,” “seeks,” and “expects,” that suggest future events or trends. These statements, including the Company’s ability to sell products to MRN members,  generate the anticipated revenue stream, the Company’s ability to generate sufficient cash flow to fund the Company’s ongoing operations beginning at any time in the future, the Company’s ability to license or acquire new products, the public’s reaction the Company’s new advertisements and marketing campaign, access to capital markets, and the Company’s ability to build a leading franchise in dermatology and aesthetics, are based on the Company’s current expectations and are inherently subject to significant uncertainties and changes in circumstances. Actual results may differ materially from the Company’s expectations due to financial, economic, business, competitive, market, regulatory and political factors or conditions affecting the Company and the medical device industry in general, as well as more specific risks and uncertainties set forth in the Company’s SEC reports on Forms 10-Q and 10-K. Given such uncertainties, any or all of these forward-looking statements may prove to be incorrect or unreliable. The Company assumes no duty to update its forward-looking statements and urges investors to carefully review its SEC disclosures available at www.sec.gov and www.strataskinsciences.com.

 

Investor Contacts:

Christina L. Allgeier, Chief Financial Officer   Bob Yedid, Managing Director
STRATA Skin Sciences, Inc.   LifeSci Advisors, LLC
215-619-3267   646-597-6989
callgeier@strataskin.com   Bob@LifeSciAdvisors.com
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MedResults Partners with Small Business Lender, Kabbage

MedResults members can now easily apply for and access a Kabbage line of credit up to $150,000 to manage their businesses.

This week, MedResults Network formed a new partnership with Kabbage, a nationwide leader in small business funding. Through the new relationship with Kabbage, our 3,000 aesthetic members now have a radically uncomplicated way to access working capital to support, grow and protect their businesses.

After more than nine years of serving aesthetic providers nationwide, we discovered that one of the primary barriers to growth within the industry was the lack of resources and overall capital available to smaller aesthetic practices. As we’re in the business of saving our members time and money, finding a partner who could provide our members fast and simple access to additional capital became critical. Now, through the Kabbage partnership, MedResults members can work smarter to financially support and grow all aspects of their business.

So, why Kabbage?

When we started doing our homework to find the best funding solution for our members, their feedback indicated that most traditional sources of capital presented many problems, including a tedious application process, only took credit scores into account, limited the use of funds, and had inflexible payment terms. After months of due-diligence, we chose Kabbage because they excelled where traditional financing companies could not

So, what’s the benefit to members?

  • Members apply online. Members can complete the application in minutes and know right away how much funding they can access.
  • No obligation. It’s free for members to apply, and there’s no cost until they use their funds.
  • Flexible funds. Kabbage offers ongoing lines of credit up to $150,000. Members withdraw the increment they need, when they need it, without reapplying.
  • Trusted and secure. Kabbage has provided over $5 billion in funding to 165,000+ small businesses. Kabbage is A+ rated by the Better Business Bureau and certified for customer privacy.

For more information about Kabbage or to apply today, visit www.kabbage.com/mrn.

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LendingUSA Announces Exclusive Partnership with MedResults Network

Leading Patient Financing Provider Now Available to Members of Largest Aesthetic Buying Group in the US.

LendingUSA, a patient financing leader for cosmetic surgeons, aesthetic medical spas, and dermatologists, has announced an exclusive partnership with MedResults Network, the premier buying network for medical spas and aesthetic physicians in the US. The partnership with LendingUSA, which launches today, gives MedResults Network’s 2,700+ members access to LendingUSA’s patient financing solution.

“Our mission at MedResults Network is to look for new and innovative ways to save our members time and money to help them reach their business goals,” says Jeff Routledge, President and CEO of MedResults Network. “Through numerous conversations with our Members, we have seen a real need in the market for a competitive, convenient and innovative patient financing solution that practices and medical spas can easily adopt and confidently provide to their patients. We’re extremely proud to partner with LendingUSA in pursuit of our objectives and our Members’ needs.”

LendingUSA gives medical practices the ability to approve patients for financing directly at the point of sale using a custom tablet. Generally, they can provide loan decisions in a matter of seconds and can complete the entire financing process in as little as seven minutes. LendingUSA offers its merchants no fees on prime loans and up to 30% more approvals than the market leader, making LendingUSA the ideal financing solution for doctors looking to earn more and boost patient volume.

“LendingUSA is designed to save its merchants thousands of dollars every year on financing,” says Mike Testa, President of LendingUSA. “We built our lending platform to be the most practice-friendly patient financing solution ever made, and we’re excited to be working with MedResults Network to bring these savings to their members.”

About MedResults Network

MedResults Network is a free membership service that offers instant discounts and quarterly rebates at no risk or obligation. They have partnered with over 40 leading national vendors to negotiate cost savings for its members in fields including fillers, lasers, skin care, and more. Their leadership team has over 20 years of combined experience in the aesthetic industry and work closely with both their members and partners to ensure their continued growth and success.

About LendingUSA

LendingUSA specializes in point of need and direct-to-consumer financing solutions with a special focus on a wide range of medical services and consumer goods. The company’s proprietary technology combines traditional and next generation underwriting and fraud detection techniques to approve loan applications in real-time – often in a matter of seconds. LendingUSA builds strong relationships with its merchant partners by providing the tools and training necessary for them to provide the appropriate financing to customers at their point of need.

Click Here to Learn More or to Schedule a Demo Today!

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