Medical BillingVirginia

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Third-Party Collections Agency
Third-Party Collections Agency

VA

Originally founded in 1953, the Company is a full-service third-party collections agency for consumer/patient/taxpayer delinquent accounts. The Company’s primary client market is healthcare. Revenue for US healthcare includes physicians, dentists, hospitals, home healthcare, nursing homes, and daycare services. It also services tax collections for the State of Virginia. The Company uses integrated collection programs that use intelligent software and predictive and power dialing capabilities. The Company currently has 416 active clients not including those with multiple accounts for which they have separate client numbers. At least 95% of its business is repeat in nature, servicing its clients’ consumer/patient delinquent accounts. The two owners are supported by 20 full-time and 2 part-time employees. The Company’s experienced staff receives ongoing training as well as incentives for rewarding excellent performance.

SOLD!!Medical Billing growing 20% Great entry acquisition $540k
$540,000Cash Flow: $199,000Seller Financing
SOLD!!Medical Billing growing 20% Great entry acquisition $540k

VA

No. of clients _17_#Physicians or Providers___39___ Pipeline clients. Number___3___ estimate current added revenue for the year $75000.00,Fee (% of Collections) 6% TO 8% OF COLLECTIONS Accounts receivable beyond 120 days NONE,Total # of employees: FULL TIME 8, PART TIME 2, 1 CONTRACTOR, BILLING ENTERPRISE MANAGEMENT SOFTWARE? MEDISOFT & ALLSCRIPTS


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