500K Owner Cashflow Medical Billing Texas, Move quick!

TX

Seller Financing Available
Medical Billing Texas
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Asking Price: $2,400,000

Cash Flow: $500,000

Gross Revenue: $2,600,000

EBITDA: N/A

FF&E: $75,000

Inventory: N/A

Real Estate: N/A

Established: 2003

500K Owner Cashflow Medical Billing Texas, Move quick!

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Business Description

15 year old billing company located in Texas. Single owner looking to retire. She is willing to stay on for transition or possibly beyond . Great clients and pipeline. Lost a major client last year was doing 3.5 mil now on target 2018 to do 2.5mil. SDE500k. Perfect for rollup or platform for private equity. Minimum 1.2 liquid cash to view company.
1. General Overview of customer base: Internal Medicine, Family Medicine, Pediatrics, Cardiology, Nephrology, Gastroenterology, Wound Care, Hospitalists
Software
1. Please list the name of the system, vendor, and describe the terms of use for software: Open Practice Solutions
2. Do you own or lease the hardware: Lease
3. Age of the hardware: Cloud Based
4. Who maintains the system and hardware: Open Practice Solutions

Medical Billing Software
1. What is the total number of medical insurance claims processed per month:
2. Do you submit your medical insurance claims electronically: Yes
3. What percentage of total claims do you submit electronically: 95%
4. Do you receive Electronic Remittance Advice: Yes
5. What percentage of total payments do you receive electronically: 95%
6. Can your medical billing software update payments and process secondary claims automatically: Yes – majority
7. Does your medical billing software include standard practice management software features, such as patient scheduling – yes; visit documentation – no; and patient relationship management – yes; and patient education - no
8. Is your medical billing software ONC-certified: no
9. Can it handle ICD-10: yes
10. Can it handle both CMS-1500 and UB-04 forms: yes
11. Does your software include claims scrubbing: yes
12. Does it support claims processing workflow management: yes
13. Does your medical billing software include inter-office and intra-office teamwork management: yes
14. What are 3rd party software components integrated with your medical billing software: clearinghouse = Etactics; offers worker’s comp module; offers automated patient appointment reminders

Detailed Information

Real Estate:
Owned
Building SF:
N/A
Employees:
70
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Competition:
Limited
Growth & Expansion:
Excellent reputation and growth prospects. I would see a buyer keeping owner on to sell.
Financing:
75% down
Support & Training:
Yes
Reason for Selling:
Family reasons
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(from currently available funds)
 
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Davidson Business Investments

Business Listed By:
Davidson Business Investments

Davidson Business Investments Inc.

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