Medical Billing Company for Sale Revenue 3million

Cook County, IL

Seller Financing Available

medical billing
Asking Price:$3,500,000
Inventory:$2,000
FF&E:$50,000
Gross Revenue:$3,500,000
Rent:$8,600
Established Year:2000
BUSINESS DESCRIPTION

Focused on maximizing practice revenue, enhancing cash flow, and cost efficiency, we deliver timely, accurate, and affordable medical billing and collection services along with tools to measure performance and improve revenues and patient care.

We provide a full range of revenue management services – taking you from patient registration and scheduling, through in-office functions, to billing, collections and payment processing. Each patient visit has a life cycle that depending on circumstances can have as many as a dozen distinct phases.

We have invested in a process to develop a common payer management capability. This allows us to take what we learn from one set of practice/payer interactions and use them to benefit all of our clients.

We have automated significant portions of the billing and collection process in order to reduce cycle time and speed up payments. Over 99% of primary claims are submitted electronically and over 95% of insurance payments are received electronically.

Virtually all of our clients use lock boxes for receiving non-electronic payments. In processing your payments we will work with your bank.

In those cases where patients refuse to pay what is due to your practice we have relationships with collection agencies. We have a monthly process for working with you to determine which accounts should be referred to an agency.


DETAILED INFORMATION
Location
Cook County, IL
Inventory
Included in asking price
Real Estate
Leased
Building SF
9,600
Employees
23
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
9600 sqft office leased
Competition
Limited
Growth & Expansion
Excellent opportunity to expand with the added services this company can provide
Financing
80% cash at closing and Limited possibly 20% short term on earnout note
Support & Training
Management and Staff will provide training if needed.
Reason for Selling
Divesting from some of owners current operations.
Report an Issue with this listing
profile-img
Davidson
Business Investments
logo-img
Davidson Business Investments