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Custom Subscription Based Healthcare Claims Administration Software

North East

Custom Subscription Based Healthcare Claims Administration Software
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Asking Price: N/A

Cash Flow: N/A

Gross Revenue: $3,900,000

EBITDA: $1,500,000

FF&E: N/A

Inventory: N/A

Established: 1990

Custom Subscription Based Healthcare Claims Administration Software

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Business Description

The Company has over 28 years of experience developing custom software for the healthcare industry, specifically in Claims Administration. The Company’s turnkey claims administration system allows the client to enroll, process, track, and pay claims quickly and easily in real time for increased productivity and reduced overhead costs. This Company’s claims administration system targets healthcare providers around the globe (including but not limited to third party administrators, insurance companies, and any payers). The Company’s easily customized system provides system wide back office teams that guide and service a wide range of clients through the installation, implementation and operation of their custom tailored system. In 2017, the top markets included: United States (60% of sales), Canada (7%), Caribbean (33%).

Detailed Information

Employees:
10
Facilities:
3,400 sq ft/office
Competition:
The Company enjoys a long-standing reputation for software development and personalized customer service.This Company serves customers across the United States, Canada, and the Caribbean. Due to the nature of software sales, the Company can easily serve clients wherever they may be located and expand into new markets. The Company’s software processes claims in India, Hong Kong, France, Spain, China, and the U.K.. Revenue grew from $1,948,000 in 2015 to $2,665,000 in 2017, representing a compound annual growth rate of 17%. Sales grew consistently each year during the historical period
Growth & Expansion:
Several opportunities exist for this Company to increase revenue and profit, including leveraging the Company’s reputation and development capabilities to access new and existing markets. Specifically, management cites international market opportunities via the existing relationship with a large insurer (3rd largest insurer in the world).In addition to the principals’ extensive industry experience, key employees have significant software development experience. This wealth of experience and expertise provides the latest critical compliance standards (ICD-10, 5010 GDPR, etc.) for the industry as significant intangible asset.
Support & Training:
yes, through transition
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Frederick Zweifel

Business Listed By:
Frederick Zweifel

Generational Equity, LLC

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Sponsoring Broker:
Lisa Lippe

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