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Rapidly Growing Medical Billing Business – Has an Accepted Offer

Price: $3,900,000

Annual Revenue: $3,428,967

Net Cash Flow: $869,352

Industry: Health Care

Location: New York

This business has an accepted offer.  Please view our other businesses for sale.

This medical billing services business has been growing very quickly since its inception. They serve 40 plus clients with billing and coding services to help maximize approval and collection of billed services. Their focus is serving specialty practices and high complexity labs where they leverage their proven best practices and technology to ensure results for their clients. IP includes automation technology that can perform functions like eligibility and verification at significant cost savings. The business has a complete back-office operation with 80+ FTEs that perform billing and coding. They have $180K+/month in booked business being on-boarded, which will increase 2022 top-line revenue by over $1.5M over the 2021 numbers. The operation has the capacity for growth without adding additional resources.

Employees:85

Facilities: There is an off-shore full-service back-office operation with 80+ FTEs. There is also a NY Capital Region office where a few employees go. This could be moved to fully remote as data is all cloud-based and the business is not location dependent.

Listing Details

Training & Support:

The sellers would like to exit the business but are willing to consult to ensure a smooth transition to new ownership.

Location

Square Footage: 5000

Relocatable?: Yes

Facilities Information:

There is an off-shore full-service back office operation with 80+ FTEs. There is also a NY Capital Region office where a few employees go. This could be moved to fully remote as data is all cloud-based and the business is not location dependent.

Summary

Competition:

The business is well-positioned to capitalize on the growth in complex medical billing and coding as evidenced by their growth over a short time.

Potential Growth:

They are continuing their growth with new customer acquisitions that should bring 2022 revenue to over $4,000,000 based on current booked business.

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