
#209: The Hidden Cost Of Goods In Aesthetics With Niklas Hess, Founder Of Medvelle.ai
2026-05-27
0:00
49:13
Cameron is joined by Niklas Hess, Founder of Medvelle.ai, and they discuss the challenges faced by practice owners in managing inventory and the hidden costs associated with it. They talk about the importance of efficient inventory management, the impact on profitability, and how Medvelle.ai aims to streamline these processes for medical practices. They also touches on the significance of EBITDA in determining enterprise value and the need for a shift in focus from revenue generation to operational efficiency.
Cameron and Niklas discuss the challenges faced by practice owners in a competitive market, emphasizing the importance of efficiency and profitability. They explore the need for trained operators in practice management, the integration of technology and AI to streamline operations, and the significance of managing inventory and financial insights. They also cover the tracking of samples for compliance, understanding internal discounts, and the future impact of AI on practice management.
Listen In!
Thank you for listening to this episode of Medical Millionaire!
Takeaways:
Medical Millionaire: The Blueprint for Scaling a World-Class Medical Aesthetics Practice
Welcome to Medical Millionaire, the go-to podcast for forward-thinking Medspa owners, Medical Aesthetics leaders, Plastic Surgery & Dermatology practices, Concierge Wellness clinics, and Elective Healthcare entrepreneurs who are ready to scale with intention and operate like a true, high-performing business.
If you’re building, growing, optimizing, or preparing to exit your aesthetics or wellness practice, this show is your competitive advantage.
Hosted by Cameron Hemphill Your Guide to Sustainable, Scalable Growth Your host, Cameron Hemphill, is one of the most trusted growth strategists in Medical Aesthetics and Elective Wellness.
With over 10 years in the industry, Cameron has helped scale 1,000+ practices and more than 2,300 providers, working alongside the most recognized KOLs, national brands, EMRs, tech companies, and private equity groups, shaping the future of aesthetics. From marketing to operations, from finance to leadership, Cameron brings a real-world, data-driven perspective on what it takes to turn a practice into a powerful business engine.
What This Podcast Is All About: Each episode takes you behind the scenes of the fastest-growing practices in the country, revealing the systems, strategies, and mindset required to win in today’s Medical Aesthetics landscape.
Expect tactical insights, step-by-step frameworks, and conversations with:
Let’s build your practice into the empire it deserves to be.
🔥 Scale Your Medspa With Growth99:
20% Off Growth99 Click Here
🎙 Be a Guest on Medical Millionaire:
Click To Apply
💉 Bridgeline Medical: Peptides & GLP-1 Solutions for Practice Owners:
Click For Best Peptide Pricing, Service And Safety 503A
Cameron and Niklas discuss the challenges faced by practice owners in a competitive market, emphasizing the importance of efficiency and profitability. They explore the need for trained operators in practice management, the integration of technology and AI to streamline operations, and the significance of managing inventory and financial insights. They also cover the tracking of samples for compliance, understanding internal discounts, and the future impact of AI on practice management.
Listen In!
Thank you for listening to this episode of Medical Millionaire!
Takeaways:
- The healthcare environment is rapidly evolving with AI and innovation.
- Nicholas Hess pivoted from acquiring practices to solving inventory issues.
- Hidden costs in medical practices can lead to significant financial losses.
- Overstocking and understocking are major issues in inventory management.
- Time wasted on inventory processes can be better spent on growth.
- Medville offers a holistic solution for inventory management.
- Improving inventory processes can lead to better profitability.
- Enterprise value is closely tied to efficient operations and clear data.
- Practice owners often overlook the importance of managing costs effectively.
- A focus on efficiency is becoming increasingly important in the healthcare market. The market is becoming increasingly competitive for practice owners.
- Improving efficiency and profitability is essential for enterprise value.
- Many operators lack the necessary training for effective management.
- Managing inventory is a complex challenge with multiple vendors involved.
- Practices often struggle to find time for operational tasks due to patient demands.
- The role of an operator can significantly enhance business acumen in practices.
- Technology and AI can optimize inventory management and operational efficiency.
- Tracking samples is crucial for both financial and compliance reasons.
- Understanding internal discounts can reveal hidden costs and impact margins.
- AI is expected to transform practice management in the coming years.
Medical Millionaire: The Blueprint for Scaling a World-Class Medical Aesthetics Practice
Welcome to Medical Millionaire, the go-to podcast for forward-thinking Medspa owners, Medical Aesthetics leaders, Plastic Surgery & Dermatology practices, Concierge Wellness clinics, and Elective Healthcare entrepreneurs who are ready to scale with intention and operate like a true, high-performing business.
If you’re building, growing, optimizing, or preparing to exit your aesthetics or wellness practice, this show is your competitive advantage.
Hosted by Cameron Hemphill Your Guide to Sustainable, Scalable Growth Your host, Cameron Hemphill, is one of the most trusted growth strategists in Medical Aesthetics and Elective Wellness.
With over 10 years in the industry, Cameron has helped scale 1,000+ practices and more than 2,300 providers, working alongside the most recognized KOLs, national brands, EMRs, tech companies, and private equity groups, shaping the future of aesthetics. From marketing to operations, from finance to leadership, Cameron brings a real-world, data-driven perspective on what it takes to turn a practice into a powerful business engine.
What This Podcast Is All About: Each episode takes you behind the scenes of the fastest-growing practices in the country, revealing the systems, strategies, and mindset required to win in today’s Medical Aesthetics landscape.
Expect tactical insights, step-by-step frameworks, and conversations with:
- Industry thought leaders
- Top injectors & medical directors
- EMR & tech innovators
- Operations experts
- Marketing strategists
- Private equity & M&A advisors
- Wellness and longevity pioneers
- Marketing & Brand Positioning
- CRM + Lead Management Systems
- Patient Acquisition & Conversion
- EMR Optimization & Tech Stack Architecture
- Sales Psychology & Consultation Mastery
- Finance, KPIs, and Practice Economics
- Operational Workflows & Automation
- Industry Trends Backed by Real Benchmark Data
- Patient Retention & Lifetime Value Expansion
- Mindset, Leadership & Team Development
- Startup – Build the foundation and attract your first wave of patients
- Growth – Scale revenue, expand services, and strengthen operations
- Optimize – Increase efficiency, margins, and customer experience
- Exit – Prepare your practice for maximum valuation and acquisition
Let’s build your practice into the empire it deserves to be.
🔥 Scale Your Medspa With Growth99:
20% Off Growth99 Click Here
🎙 Be a Guest on Medical Millionaire:
Click To Apply
💉 Bridgeline Medical: Peptides & GLP-1 Solutions for Practice Owners:
Click For Best Peptide Pricing, Service And Safety 503A
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