Rise of Healthcare Sharing Economy with Iggy Falco | CloudMedSpa

How GLP-1 drugs revolutionize healthcare business models?

FreshThoughtFriday: Towards the end Iggy shares an idea for an AirBnB model for vet rehab practitioners.

Connect with Iggy
Linkedin: https://www.linkedin.com/in/iggyfanlo/
Website: https://cloudmedspas.com/
Email: sales@cloudmedspas.com
Text: 415.613.2640


Connect with Joe Lemon
Recovery Lab Show YouTube: https://recoverylabshow.com/ Linkedin: https://www.linkedin.com/in/joealexlemon/
IG: https://www.instagram.com/joealexlemon/



In this podcast episode, Iggy Fanlo, founder of Club Med Spa, discusses the transformative potential of GLP-1 drugs in healthcare and their impact on various industries. He shares how his company works to make these drugs more accessible and affordable.

Fanlo also explores the changing trends in personal aesthetics and the role of technology in self-perception. He discusses the business model of renting spaces to healthcare providers, drawing parallels with the hair care industry.

🎧 Ready to explore the intersection of healthcare and business innovation? Please tune in to the latest episode of our podcast, where we chat with Iggy Fano, founder of Club Med Spa. We're discussing how GLP-1 drugs can transform the healthcare landscape.

Don't miss out on this thought-provoking discussion!

Quote Iggy Fanlo, 00:24:23, "Let the marketplace decide, and maybe it doesn't matter that they're DaVinci with a needle. Maybe what's important is they're good enough with a needle and have great bedside manner and make their patient feel good about themselves."

Timestamp

The potential of GLP-1 drugs (00:00:00) Iggy Fano discusses how GLP-1 drugs can dramatically improve healthcare by reducing obesity and addressing other health issues.

The business model of Club Med Spa (00:00:33) Iggy Fano explains the Club Med Spa model, which allows healthcare providers and entrepreneurs in health-adjacent fields to monetize their space and generate additional revenue.

The impact of GLP-1 drugs on psychology and healthcare (00:04:05) Iggy Fano discusses how GLP-1 drugs can positively impact people's psychology by addressing neurological problems related to obesity, addiction, and other health issues.

Walmart's Insight from Data Analysis (00:08:45) Walmart's correlation between GLP-1 drugs and decreased shopping habits leads to decreased sales.

Impact on Airlines' Fuel Consumption (00:09:32) Airlines estimate saving half a billion dollars on fuel in 10 years due to passengers' weight loss from GLP-1 drugs. Rising Demand for GLP-1 Drugs and Alternative Options (00:10:43)

The potential of a new business model in medical aesthetics (00:20:20) Explanation of how the same business model used in hair care and personal training can be applied to the medical aesthetics industry, offering benefits such as reduced HR problems and better pricing through scale.

The advantages of a firm (00:26:05) Discussion on the advantages of a firm or organization in terms of reducing transaction costs.

Accelerating the platform launch (00:27:52) Conversation about the decision to accelerate the launch of the software platform after receiving interest from potential franchisees.

Requirements to be a part of the franchise (00:31:00) Explanation of the requirements to be a part of the franchise, including the need for malpractice insurance and a medical director in some states.

The opportunities for healthcare providers (00:35:43) Discussion on the potential for healthcare providers to make good money and the opportunities presented by unused space in clinics.

The potential of renting out space in healthcare (00:36:38) Exploration of the potential for commercial real estate owners to rent out space in healthcare facilities and the low utilization rates required for profitability.

Creating a brand and monetizing it (00:42:49) Discussion on the possibility of creating a brand in the healthcare industry, partnering with established practitioners, and potentially monetizing that brand in the future.

Organic Growth through Word of Mouth (00:45:38) Fano discusses how the community of Club Med Spa providers has grown organically through positive word of mouth, with nurses and single moms finding success and control over their lives by working with the company.

Co-Branding and Building Personal Brands (00:48:10) The podcast host asks Fano about the co-branding approach of Club Med Spa and how they empower their partners to build their personal brands while being supported by the company's network and platform.

The Capital Expense Arbitrage (00:52:15) Discussion on the concept of capital expense arbitrage and its application in various rental models like Uber, Turo, Airbnb, and rental cars.

The Growing Need for Rental Models (00:53:13) Exploration of the increasing demand for rental models in various industries and the potential opportunities they present.

Private Equity in Healthcare (00:53:22) Conversation about the challenges faced by private equity firms in the healthcare industry, specifically related to the acquisition of specialty clinics and the subsequent dissatisfaction of specialists with the corporate environment.