Financing: The New Face of Luxury Wellness

Luxury wellness is worth its weight in gold. Mama always told us health was the most important thing, but now we realize how it can impact so many aspects of life: our negotiation skills, our appearance, and how well we keep up with colleagues on the tennis court.  As such, we must take advantage of every opportunity available, and with wealth, opportunities are plentiful. 

Paying for these services may not be an issue, but even when financing isn’t necessary, it’s smart. It aids with cash-flow management, liquidity, flexibility, capital allocation, and keeps your options open. With that in mind, let’s explore the luxury wellness options available and how you can take advantage of them.

Luxury Wellness Options You Can Add to Your Health Routine

Preventative Care Visits

We all know that preventative care is the best medicine. What better way to deal with a disease than not to deal with it? Diet, exercise, and regular checkups can prevent a wide range of illnesses. 

In luxury wellness, preventative care is more than a 15-minute visit and a vaccine. It’s a full-body diagnostic program that may include:

• Whole body MRIs, CT calcium scoring, advanced bloodwork, and genetic testing
• Longevity Optimization, including detailed metabolic testing, VO2 max, sleep analysis, and microbiome tests
• Customized plans for nutrition and exercise

Wellness Retreats

Need a reboot? A wellness retreat may be the optimal destination. Most offer villa-style accommodations, private chefs, concierge services, and high staff-to-guest ratios. During these retreats, you may:

• Detox with medically supervised fasting, structured nutrition, daily lab monitoring, and medical consultations
• Destress with psychological support, sleep therapy, biofeedback, and breathwork
• Reboot your system with tailored exercise, cardiovascular testing, and glucose monitoring

IV Services

Forget the hospital! In today’s luxury wellness landscape, IV treatments can be administered in upscale lounges or directly at your home or office. They offer a unique way to get past that afternoon slump, get over last night’s hangover, or just generally improve health.

Here are some IV services you can choose from:

• Hydration or Hangover Drips: Electrolyte-filled IVs can help you recover from parties, events, and travel, and also offer anti-nausea and anti-inflammatory benefits. 
• Vitamin and Nutrition Drips: Customize your own vitamin and mineral cocktail for optimal wellness. 
• Immune and Performance Drips: These treatments will energize and boost your immunity. They are often combined with oxygen therapy and B12 injections. 
• Anti-Aging/Longevity: The contents of these IVs are designed to boost cellular health and mitochondrial function. 
• Beauty and Skin: Formulas rich in antioxidants are designed to improve skin’s appearance. The treatment is often paired with a facial or similar med-spa treatment. 

Cosmetic Surgery/Procedures

If you look better, you feel better. Well, this point can be argued, but cosmetic surgeries and procedures are definitely adjacent to luxury wellness, and financing is available. The most common procedures include:

• Botox: Injected into the skin to smooth fine lines
• Breast Implants: Implants or fat transfer to increase breast size and improve shape
• Liposuction: The removal of stubborn fat from the abdomen, thighs, arms, and other areas
• Hair Transplants: Moving hair follicles to thinning and balding areas
• Facelift: Tightens sagging facial tissues to address jowls and deep wrinkles

HRT (Hormone Replacement Therapy)

While HRT is medically necessary for some, for others, it can be the fountain of youth. For men, it can treat low energy, fatigue, muscle loss, and low mood. It typically treats imbalances related to menopause in women, with similar results. 

Though not always considered a luxury wellness treatment, it can be elevated with:

• Long, in-depth consultations
• Comprehensive lab panels
• Continued monitoring and adjustments
• Concierge access 
• Integration with nutrition, training, and sleep optimization

Specialized Programs

With a specialized approach, almost any ailment can be treated with a luxury twist. Here are some programs to consider.

• Sleep Clinics with Added Hospitality: Have your sleep monitored in a luxury boutique atmosphere with customized coaching
• Elite Sports and Performance: Athletes can get into shape with movement labs, strength conditioning, recovery technology, nutrition, and mindset coaching
• Mental Wellness: High-end residential day programs for stress, anxiety, addiction, and burnout, emphasizing privacy and comfort

Concierge and Membership-Based Primary Care

This approach eliminates many of the challenges of the modern healthcare industry. With membership, you get 24/7 access to your physician via phone or text, same-day or next-day appointments, and home visits when required. Data tracking through wearables, integrated nutrition, physiotherapy, and mental health support may also be included. 

Other luxury benefits include low patient-to-doctor ratios, a boutique-like atmosphere, and concierge services to coordinate tests, referrals, and travel. 

Executive Health Programs

Designed for the busy executive, these services typically include: 

• One or two-day assessments at leading clinics and hospitals, including imaging, cardiology workup, and screening with same-day results and a personalized health roadmap
• Packages for repeat visits, digital follow-ups, and priority access to specialists
• Discreet concierge-style arrangements, including travel and lodging when necessary

Comparing Your Financing Options

Financing these treatments can be a smart strategy. It comes down to which provider works best for you. Here are some factors to consider when you compare your options.

• Interest Fees & APRs: Many financial services offer limited-time interest-free payments with no additional fees, so expenses don’t add up. 
• Repayment Timeline and Flexibility: What are the payment terms? Can you pay off early without a prepayment penalty? Are payments fixed or variable?
• What is Covered: Obviously, you want a plan that covers the procedures you need and is accepted by your providers. 
• Credit Check and Impact on Credit Score: Does the plan require a hard credit inquiry? Will high utilization hurt your score?
• Cards vs Payment Plans: These options work similarly, but credit cards, such as CareCredit, require a minimum monthly payment.  With payment plans, like LendingClub and Cherry, payment amounts are fixed.  
• Medical Use vs. General Credit Cards: Sure, you can use a general credit card like Affirm to cover medical expenses. However, medical cards and payment plans are preferred because they often offer 0% APR and limited-time no-interest payments. 

Now that you know more about luxury wellness procedures, which will you elect to partake in to enjoy a higher standard of wellbeing?