Description

With over 30 years of operational experience, The Medical Billing Service has built a reputation for accuracy and efficiency. The company has developed a loyal, diverse client base. Constant changes in the health care field and complicated coding and billing procedures create difficult barriers to entry for new start-ups.
The company has an average billing rate of 6.25% (revenue as a percent of billing processed), a healthy metric. This places them at the midpoint for the industry indicating that higher rates might easily be supported. The Medical Billing Service enjoys an excellent relationship with their clients. They have pared lower margin clients and engaged local clinics and the primary hospital for business. The company forecasts additional revenue from mergers of medical practices and the return of assigned doctors to their practices.
The Seller is willing to train and transition a new owner into the business. The staff is experienced and maintains much higher than average accuracy with regard to “first time” submittal/reimbursement settlements. No additional staff is required to meet forecasted billings increases.

Posted Aug 25, 2016

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