Title: Medical Billing Company City: SW, VA
Asking Price: $ 1,200,000 Gross Income: $711,000 Cash Flow: $246,910
FF&E: $450,000 Inventory: $ -0- Real Estate: Leased
Financing: See broker for information on financing packages.
This Medical Billing Company occupies a very attractive and modern (leased) office building with approximately 5,500 +/- sf. There is currently space available in the building to grow the business with room for an additional 10 to 20 employees. The office is located in a busy urban commercial and residential area with easy access.
Support / Training:
The seller will train a new buyer during a pre-determined transition period.
Competition / Market Pros and Cons:
There are other medical billing businesses in the area that do not offer the same level of service. The market (nationwide) for medical billing services is very large and growing due to the complexities of recent regulatory changes in the industry.
Growth and Expansion Pros and Cons:
This business has developed a proprietary software that greatly reduces the average industry age of their clients' accounts receivable. It also reduces the average percentage of noncollectable patient billing accounts for their clients. This unique software is easily maintained and can be up graded as needed. A new owner could grow this medical billing company to a nationwide level due to the advantages this software allows over other competing medical billing companies.
Year Established: 1984 Number of Employees: 12
This Leading Edge - Medical Billing Company provides small to medium size doctors' offices with highly efficient and lower cost medical billing and other back office services. Over the years, this company has developed its own proprietary software that produces large efficiencies and market advantage.