MergerPlace

Consultant Services for Health Insurance

Wyoming (Natrona)


  • Asking Price: $150,000
  • Gross Income: $185,071
  • Cash Flow: $54,899
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $30,000
  • Listing ID: #215194
  • Established: 2006
  • Employees: 1 FT/ 2 PT

Business Description

A private fee-for-service business that helps seniors, the disabled and anyone trying to assist them – to access, understand and navigate Medicare and the healthcare system. These consultants help families, patient clients, healthcare professionals and others who may be involved in the care of patient clients especially when they are ill, frightened and vulnerable. Licensed insurance consultants specialize in all things Medicare helping those new to Medicare and those currently on Medicare including prescription, supplemental, group, retiree, claim reconciliation and other related coverage matters.


Business Details

Primary Business Category: Finance - Insurance Carriers & Related
Location: Wyoming
County: Natrona

Company Information

Year Established: 2006
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 1 FT/ 2 PT

Financial Information

Asking Price: $150,000
Gross Revenue: $185,071
Cash Flow: $54,899
FF&E: $30,000
Seller Financing Available: No

Property Information

Facilities:

Located in a beautiful new office building designed and built to help small businesses grow. The business enjoys ample office space along with a spacious conference room and access to a shared large conference / class room, kitchen and other amenities.

Growth & expansion opportunities:

Massive growth potential. With 10,000 Baby Boomers turning 65 everyday through the year 2030 and with the multitude of care and coverage options available, it is more important than ever for individuals and families to understand their options so they may make knowledgeable and informed decisions and to pursue the best and most economical course forward. New markets are appearing and the fields of professional patient advocacy and insurance consulting are becoming fully realized. As many employers are eliminating retiree health insurance benefits, employers are searching for ways to “soft land” their retirees off group health insurance onto other appropriate coverage – with assistance from insurance brokers or consultants. These changes are coming to retirees late in life and causing much confusion and distress. This company has found opportunities with municipalities and small/medium size companies. These entities and others have been willing to pay for initial consultation time to assist them in these difficult and critical transitions. Employers often need advice to maximize participant benefits while reducing insurance costs. Despite much rhetoric about “patient centered care” and coordinated care efforts, navigating the healthcare system has never been more difficult – especially for senior patients who may be facing chronic health issues and other related issues. The role and importance of the advocate and insurance consultant is critical to ensure these individuals receive the care they need and/or want and that their health insurance will pay. Opportunities in this field will only continue to grow.

Competition:

Very little or no private competition. Insurance agents sell insurance and are paid a commission so they cannot offer the unbiased help that this companies clients desire, greatly appreciate and are willing to pay for at professional fee rates. There are some programs offered by the Federal Government for free, but they have proven to be confusing and are staffed by people who may know one small piece of the puzzle but lack the overall knowledge of the entire process. Additionally, this business model is built on a highly customized, individualized and personalized face-to-face experience for all patient advocacy and insurance consulting services offered. Patient advocates frequently meet with patient clients, family and healthcare professionals in provider offices, the hospital, inside long-term care facilities and in home in addition to meeting in their offices. They stay with their clients and cross over into all facilities while case managers and social workers can only work within the scope and geography of their own facilities.

Reason for selling:

Owner ready to retire.

Support & Training:

Will train for 4 weeks @ no cost.

Contact Business Seller

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Business Listed By:

Joe MacGuire

Murphy Business Brokers