MergerPlace

Medical Billing Company in DFW Area

Texas (Parker)


  • Asking Price: $200,000
  • Gross Income: $203,059
  • Cash Flow: $50,881
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $20,241
  • Listing ID: #210673
  • Established: 2006
  • Employees: 3 FT / 1 PT

Business Description

This company services any medical practice or entity that files insurance, Medicare or Medicaid on behalf of patients, thus allowing those companies to focus more on their core competencies. The company's up-to-date knowledge of insurance, Medicare and Medicaid rules and regulations allows them to collect the maximum amount of money on most insurance claims. They are 100% compliant with federal regulations regarding HIPPA and electronic medical insurance claims.


Business Details

Primary Business Category: Services - Other Services
Location: Texas
County: Parker

Company Information

Year Established: 2006
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 3 FT / 1 PT

Financial Information

Asking Price: $200,000
Gross Revenue: $203,059
Cash Flow: $50,881
FF&E: $20,241
Seller Financing Available: No

Property Information

Facilities:

The company leases space in a very attractive one-story office building. The lease payment is month to month and the rate is $1,600 per month, including utilities and internet.

Growth & expansion opportunities:

As mentioned above, the growing complexity and volume involved in the medical insurance world is causing more medical practices to turn to a company like this. This company has done very little marketing and advertising, so with resources invested in this area, growth is quite possible.

Competition:

There are a handful of companies in the local area that offer similar services, but with the growing complexity medical and insurance filing, the demand for their services is increasing.

Reason for selling:

The owner wishes to concentrate more on other companies that he owns.

Support & Training:

Will train for 2 weeks @ $0 cost. The most compelling reason for a medical practice (or any other business that files insurance claims on behalf of their clients) for using this company is the potential for increased revenue and profitability. In addition, the company relieves its clients of the headaches and frustrations of the claims and medical billing process.

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Business Listed By:

Rich Giles

Murphy Business Brokers