Established Clients, Experienced Staff, Well-Priced for Cash Flow, Motivated Seller
Unique opportunity--acquire a highly-regarded, niche medical billing and advisory services operation. The knowledgeable, long-term staff have a strong track record obtaining maximum reimbursement percentages from insurance companies and their patients, while navigating through the complexities of ever-changing laws. The business has a strong base of recurring revenue, long term clients and demand for additional services.
Customers: With a focus in home health, hospice & nursing home clients, most revenue comes from California-based clients. This niche is much more profitable than typical physician billing and better ROI. There is also an additional income stream related to custom reports generated for clients.
Competition: Limited competition due to regulated industry and need for highly trained billing specialists. This company is known for its collaboration with clients and has >90% client retention.
Growth & Expansion: A new client with an annual contractual revenue of $100k minimum in 2019 is now onboarding, which will add to both the top & bottom line. With explosive growth in industry, there are also many opportunities to add services such as coding, database cleansing, medical record management and expansion of marketing/education efforts at industry events and through trade organizations.
Transition: Owner is ready for retirement, motivated and seeking an industry firm (or individual) with home health care or hospital billing expertise (and medical finance knowledge) to carry on the excellent reputation and continue servicing clients. Owner will provide training and stay on as needed in a consultative role to ensure a smooth transition.