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$1.4mm Revenue Established Medical Credentialing and Billing Business

Dallas County, TX
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Gross Revenue:$1,415,000
Established Year:1998
EBITDA:$470,000
Listing ID: 2282825Listing provided by BizBuySell
BUSINESS DESCRIPTION

Cash flowing credentialing and RCM business with recurring revenue

The Company is a full-service credentialing, contracting, and RCM company that can assist any medical practice with getting in-network with insurance payors and managing their RCM functions. The Company has been in business for over 20 years and has a stable client base with low client concentration and significant client retention and recurring revenue.

This is a great opportunity for an existing business to add scale, services, or diversification through a strategic acquisition or for a new operator to leverage existing infrastructure to build and grow the business.

DETAILED INFORMATION
Location
Relocatable
Inventory
Not Included in asking price
Employees
9
Facilities
Business operates on a fully-remote basis. Most employees utilize company IT equipment which is to be sold with the business. Employee count: 9 U.S. W-2 employees, 22 offshore contract employees.
Competition
Increasing complexity in the US healthcare landscape creates additional demand for specialized services such as credentialing, payor enrollment, and general RCM services. By outsourcing these services, healthcare providers can focus on delivering care to their patients while trusting essential parts of their practice management to experts. The overall credentialing/RCM market is fragmented with many small to mid-sized competitors and limited "institutional" competitors. There are many opportunities to expand in a niche within the market and gain scale.
Growth & Expansion
Multiple opportunities to grow the business including: increase outbound marketing efforts/budgets, cross-sell RCM services to credentialing/contracting clients, establish partnerships with other adjacent service providers. There are substantial growth opportunities as the competitive landscape has an overall low level of competition.
Support & Training
Seller is willing to stay on for a short-term consulting arrangement to help facilitate a smooth transition.
Reason for Selling
Seller is looking to redeploy capital.
Home-Based
This business is Home-Based
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Ryan Mulvaney
Ryan Mulvaney