Thriving Medical Physicians Services - Endocrinology
Asking Price: | $1,000,000 |
Gross Revenue: | $902,772 |
Cash Flow: | $490,245 |
Real Estate: | $500,000 |
The company is a leading medical group practice conveniently located in 2 facilities and specializing in a comprehensive range of services to address hormonal imbalances, diabetes management, and metabolic disorders.
Committed to providing accessible care, they also offer telehealth appointments and enjoy strong contracts with all major commercial insurance companies, ensuring coverage for most patients as well as the ability to self-pay. The commitment to excellence has been recognized with recent fee schedule increases, further demonstrating the company’s value in the healthcare landscape.
With two thriving locations situated on major hospital campuses in Northern Virginia, the practice benefits from a strong referral base and a reputation for high-quality care. It offers specialized care for a wide array of endocrine disorders, including adrenal gland issues, calcium imbalances, diabetes management, female reproductive health concerns, hirsutism, osteoporosis, pituitary diseases, and thyroid conditions. The patient base is diverse, drawing individuals from DC, VA, MD, and across the country, demonstrating the trust they've established with both patients and insurers.
The owner's desire for a gradual retirement while ensuring a smooth transition for patients is the primary motivation behind the sale. The owner plans to remain involved for 2-3 years alongside the experienced manager, who handles crucial aspects like contracting. The dedicated staff, with tenures ranging from 7 to 12 years, are committed to staying on and providing continuity for patients. Their ability to multitask and cross-cover ensures efficient operations in areas such as medication refills, billing, prior authorizations, and patient communication.
Currently operating near full capacity, the practice anticipates significant growth with the onboarding of additional endocrinologists (both adult and pediatric), physician assistants, and nutritionists to expand their services and meet the increasing demand for their specialized care.
This expansion will enable the company to accommodate more patients, reduce wait times, and further establish itself as a leading provider of endocrinology services in the region. The commitment to efficient care is evident in its minimal overheads and quick medication refill turnaround, typically within 24-48 hours. As they grow, the practice focus remains on providing accessible, high-quality endocrine care to patients in need.