Managing a dermatology practice can bring a variety of challenges, from administrative tasks to financial concerns. Partnering with a practice management company and selling yours can provide a simpler situation that opens up new opportunities in terms of management and patient care.
What Is a Dermatology Practice Management Company?
A dermatology practice management company is a group of people who have strong management expertise. They empower specialists and brands to deliver patient care by offering a variety of services geared toward operational efficiency and increased revenue.
Many practices have been opening up, as the industry is in a good place at the moment. The global dermatology market size was about $1.70 billion in 2024. However, some founders may have not fully prepared to keep up their businesses in the long term. A dermatology practice management company can take yours under their wing and nurture it, either with your participation or not.
Benefits of Selling a Dermatology Practice
Selling a dermatology practice is a decision that holds much weight, whether you’ve been in the sector for a while or it’s your first time. However, there are several advantages to leaning into this choice:
- Building your network: Giving dermatology practice management companies a shot can introduce you to several new connections. Many are already well-versed in creating the ideal healthcare provider, and you can foster those connections if you wish to further your career.
- Professional development: Selling a dermatology practice can give way to more experienced management. For start-ups, it can serve as a learning opportunity to see what’s necessary to build a career within the industry and keep it afloat.
- Improved patient care: Some people struggle to deliver quality patient care or maintain continuity due to the business side of a dermatology practice. Seeking a management entity can offer access to better resources and facilities, which can be good for your clients in the long run.
- Retirement planning: Transitioning into retirement can seem difficult for dermatology practice founders, especially when they’re used to handling the bulk of the work. Selling provides an option to step back from regular operations slowly. Some practice management companies even facilitate the move to retirement.
- Legacy preservation: Dermatologists who have been in operation for a while will likely have built a reputation. Selling your firm is a straightforward way to keep your legacy alive and ensure older clients still have a familiar space to go.
- Increased peace of mind: At the end of the day, managing a business is stressful, but selling can alleviate the responsibilities of the job. If you still want to engage with the practice, you can work out an arrangement with the management group.
6 Best Practice Management Companies
It’s best to choose experts who are well-versed in your specific field. Here are some of the best practice management companies to sell your dermatology firm to.
1. DermCare Management
| Contact: | 844-633-9358 |
| Location: | 4000 Hollywood Boulevard, Suite 215-S, Hollywood, FL 33021 |
| Features: | Physician Support Services, Clinical Operations Support, Marketing and Practice Development, Multi-Year Retirement Planning |
| Reviews: | “Being a partner of DermCare has given me the ability to concentrate on what I have always wanted to do… practice medicine. My practice enjoys the benefits of group pricing, reduced overhead, management of HR & marketing, while giving me and my staff the independence to treat our patients with the highest standard of care.” |
DermCare Management is a full-service practice management company that specializes in dermatology and aesthetic medicine. Whether you’re a new or practicing dermatologist, it will work with you to balance quality patient care and revenue growth. Allow it to take on the administration and office management tasks while monetizing what you’ve built.
2. Dermatology Practice Management Associates
| Contact: | (707) 776-6436 for Northern California, (949) 478-1295 for Southern California, or send an email via info@dermpm.com |
| Location: | California |
| Features: | Recruitment and Staffing, Patient Relations, Clinical Operations, Revenue Cycle Management, Risk Management and Compliance, Practice Management, Electronic Health Records, IT Infrastructure |
| Reviews: | None |
Dermatology Practice Management Associates is an entity that brings in-depth experience in business strategy. It aims to merge its solution into your current business structure. The team will ensure they can still deliver your mission and vision, no matter what kind of culture and personality you have fostered.
3. Dermsquared
| Contact: | Website |
| Location: | 2121 North Frontage Road, Suite 253, Vail, CO 81657 |
| Features: | Access Management, Career Services, Patient-First Communication |
| Reviews: | None |
Dermsquared has been operating for about 20 years as a dermatology solutions platform, believing like-minded people should support specialists within the sector. Aside from engaging with practice sales, they also present themselves as thought leaders through digital content and in-person events within the community.
4. QualDerm Partners
| Contact: | +1 615-250-6723 |
| Location: | 5141 Virginia Way Suite 350, Brentwood, TN 37027 |
| Features: | Compliance Management, Payor Contract Negotiations, Facility and Supplies Management, Development for New Sites and Services, Marketing, Practice Management Systems, Succession Planning |
| Reviews: | “QualDerm is unique in its focus on the partnership aspect in its relationships with physician practices. We have felt completely supported in our resolve to protect and enhance our clinical operations. Witnessing the expertise now being deployed within our practice is both refreshing and comforting.” |
QualDerm Partners wants dermatology practices to have long-term sustainable growth and increased profitability while fulfilling the needs of its clients. It describes itself as a Skin and Aesthetics Wellness Family that supports more than 150 practices across multiple states. This is a good organization to either partner with or sell to.
5. Sullivan Management and Consulting Group
| Contact: | 832-323-3691 |
| Location: | Texas |
| Features: | Operations and Leadership, RCM and Billing Services, Finance and Accounting, Provider Credentialing, Talent Acquisition and Development |
| Reviews: | “One of the strongest teams of professionals under one roof with one mission – and still growing!” |
Sullivan Management and Consulting Group (SMCG) offers a wide range of support-driven services through their passionate professionals. It helps dermatology practices achieve operational excellence and deliver quality patient care. When it comes to personalizing its approach to maintain the uniqueness of your practice, SMCG is thorough.
6. Vital Skin Dermatology
| Contact: | (217) 729-7650 |
| Location: | 1111 W Kenyon Rd Suite B, Urbana, IL 61801 |
| Features: | Regulatory Compliance, Revenue Cycle Management, Supply Chain Management, IT, HR, Marketing |
| Reviews: | “Very concerned about their patients and work hard to help them. Good place to go from office staff to nurses to doctors. So glad I found them.” |
Vital Skin Dermatology recognizes practices come to a point where they need to sell, whether it’s because of requiring support, expanding or seeking an exit strategy. It can help you navigate this life decision and ensure you can still meet your goals. Find scalable resources and a long-term partnership with this management company.
The Valuation of a Dermatology Practice
The value of a dermatology practice can vary. They are valued based on patient volume, overhead costs, revenue, location, reputation and other aspects. Practitioners would also have to keep in mind that the final ownership arrangement and the transaction structure would also require discussion.
Finalizing Your Decision to Sell
Deciding to sell to a practice management company is both a big step for the business and for you as its owner. Here are several tips for finalizing the sale:
- Confirm your decision: Some people have an emotional attachment to the practice, which can make them feel hesitant about selling. It is important to regulate your feelings and ensure you are fully on board with the decision.
- Choose a selling date: When you have come to terms with selling your dermatology practice, the next step is to choose a selling date. Some owners may want to hold it for some time, while others are more urgent about getting it on the market.
- Prepare relevant information: Negotiations will involve plenty of questions about your enterprise. Understand the types of data, information and materials potential buyers will want to see, and get them ready to entice sales.
- Communicate with partners: It’s a common courtesy to inform employees about the decision to sell. Some may choose to find new employment unless you’ve arranged for them to stay.
Tips on the Transition
Once you have fully decided on getting a practice management company involved, you will likely face high-pressure conversations. Have a smoother transition with these tips:
- Collate offers from buyers: If you have time to hold onto the practice, consider getting offers from multiple buyers first. That way, you can compare and contrast the arrangements with others.
- Be wary of pressure: A practice management company may press you into selling the practice under their terms. If this is the case during your negotiations, consider pausing the transaction and seeking other investors.
- Practice due diligence: Take time when choosing a practice management company. You should properly assess the cultural fit, mission and more.
- Seek legal advice: If you feel uncertain about the legal side of the sale and handling contracts, find a lawyer. They can make sure you’re well informed about the process.
Sell Your Dermatology Practice
Choosing the right dermatology practice management company is paramount, especially if you’re determined to sell your brand. Take initiative and be open about asking questions regarding the process and arrangement.
