Medical BillingGeorgia

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Physician Medical billing and transcription business
$4,560,000Seller Financing
Physician Medical billing and transcription business

Atlanta, GA

National U.S. healthcare firm with multiple divisions offers their Medical Billing & Transcription businesses for sale. This is a rare opportunity to acquire a mature billing and transcription business, that has been professionally managed by a leading healthcare company for decades. Investment highlights include: Combined annualized revenues of $5,700,000 Transcription Business • o $3,300,000 in Medical transcription rev o $300,000 Non-Medical transcription rev • A 20 year history • Still managed by the original founder • Services more than 1500 physicians in over 250 accounts • Client base is 98% ambulatory • Very stable client base with 99% client satisfaction rating • Zero client loss due to Quality of service issues • Account turnover rate of less than 3% • Labor force is made up of employees and independent contractors • Hybrid model of onshore/offshore labor • Geographic location of medical transcription clients o Central Zone -15% of business o Easter Zone - 82% of business o Mountain Zone - 02% of business o Pacific Zone - 01% of business • Geographic location of non-medical transcription clients o Eastern Zone - 99% of business o Pacific Zone - 01% of business • Technology: o Two third party documentation platforms, with the vast majority of work being on one and a small amount on the other. The company also offers an IOS app for healthcare providers. Billing Business • $2.1 M in annual revenue • 30 mostly long-term clients • Labor force is made up of employees and independent contractors • Hybrid model of onshore/offshore labor • All clients are physician practices with the exception of two ASCs (Ambulatory Surgical Centers) and one MRI (Magnetic Resonance Imaging) Center. • We bill for the following specialties: o Allergy & Asthma o Breast Surgery o Cardiology o Dermatology o Family Practice o General Surgery o Geriatric Psychiatry o Internal Medicine (Geriatric) o Internal Medicine o Nephrology o Ophthalmology o Pain Management o Psychiatry o Rehab o Urology o Wound Care • Geographic location of clients o Georgia – 28 Clients – 93% of Monthly Billed Charges o Florida – 2 Clients –3% of Monthly Billed Charges o North Carolina – 1 Clients – 2% of Monthly Billed Charges • Technology: Third party web-based Medical Practice Management Software. Deal Structure: As a divestiture of two of their lines of business, seller's anticipate an asset sale of the transcription and billing divisions. Although selling both divisions to the same acquirer is ideal, sellers will consider selling the two assets to two different acquires.


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