Currents: Targeted Opportunities

Integrated Dermatology Named to Inc. 5000 List of America’s Fastest-Growing Private Companies

Boca Raton, FL-based Integrated Dermatology’s Derm Holdings ranked No. 2,779 on Inc. magazine’s annual Inc. 5000 list, which the magazine describes as the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. Microsoft, Dell, Domino’s Pizza, Pandora, Timberland, LinkedIn, Yelp!, Zillow, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.

“We are thrilled to be among the prestigious companies included in this year’s Inc. 5000 list,” said Jeff Queen, co-CEO of Integrated Dermatology. “This wouldn’t be possible without our talented and hard-working team, as well as our dedicated physician partners.”

Not only have the companies on the 2019 Inc. 5000 been very competitive within their markets, but the list as a whole shows staggering growth compared with prior lists. The 2019 Inc. 5000 achieved an astounding three-year average growth of 454 percent. The Inc. 5000’s aggregate revenue was $237.7 billion in 2018, accounting for 1,216,308 jobs over the past three years.

“The companies on this year’s Inc. 5000 have followed so many different paths to success,” says Inc. Editor-in-Chief James Ledbetter. “There’s no single course you can follow or investment you can take that will guarantee this kind of spectacular growth. But what they have in common is persistence and seizing opportunities.”

ASDS 2018 Survey: Skin Cancer Treatments and Cosmetic Procedures are on the Rise

American Society for Dermatologic Surgery (ASDS) member dermatologists performed more than 12.5 million medical and cosmetic procedures in 2018—7.5 percent more than 2017 and a 60 percent increase since 2012, according to the 2018 ASDS Survey on Dermatologic Procedures.

Skin cancer treatments are the most-performed procedure with more than 3.5 million treatments performed by ASDS members. Additionally, sun damage treatments were up 29 percent this year and a striking 63 percent in just two years.

ASDS members also performed nearly nine million cosmetic treatments in 2018, a more than seven percent increase over 2017. Body sculpting saw the largest increase up 43 percent from last year with more than 623,000 treatments, injectable soft-tissue fillers, and laser/light/energy-based treatments grew 78 percent and 74 percent respectively in the last seven years.

In 2018, ASDS members performed:

• 3.4 million procedures using laser, light and energy-based devices
• 2.1 million neuromodulator injections
• 1.6 million soft-tissue filler injections
• 623,000 body-sculpting treatments
• 497,000 chemical peels

For body contouring procedures in 2018:

• Deoxycholic acid rose more than 43 percent.
• Microfocused ultrasound increased 38 percent.
• Tumescent liposuction grew 17 percent.

For 2018, wrinkles, sun damage and facial redness lead the types of conditions treated with laser or light-based device with more than 2.2 million treatments performed.

The survey also reported that there were more than 72,000 hair rejuvenation procedures such as platelet-rich plasma (PRP). Microneedling showed a 45 percent increase compared to 2017 data, with more than 262,000 treatments performed. Thread lifts are also increasing in popularity with nearly 33,000 procedures performed.

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AI: What it Means for Medicine

“Artificial intelligence as we use it today and probably for the foreseeable future will be a technology that allows us to do and to train machines to do very specific, discrete tasks. These are things that we say we want to train an artificially intelligent algorithm to do something like categorize skin lesions…or something as mundane as predict what patients in my schedule are unlikely to show up,” explains Justin Ko, MD.
https://PracticalDermatology.com/meeting-coverage/2019-aad-summer-meeting