Business for Sale Overview:
THIS COMPANY has has developed a best of breed integrated suite of physician practice managment software products, with features no other medical software has. THE COMPANY has achieved customer validation with over 150 sites representing 1,000 physicians in 17 states. THE COMPANY is 4-9 months away from completing an integrated Electronic Medical Records (EMR) module with the intent to proceed with CCHIT certification for 2010 and beyond. The company also operates its own nationally certified electronic claims clearinghouse - one of only 40 in the nation. THE COMPANY is the only vendor in this market offering real-time customer support. Under the American Recovery and Reinvestment Act of 2009, beginning in 2011, the government will pay physicians a portion of the costs over five years for deploying and using certified EMR systems. Beginning in 2015, those physicians who have not adopted certified EMR systems will have their Medicare reimbursements reduced. THE COMPANY is in a unique position to exploit this window of opportunity created by the Federal electronic recordkeeping mandate. The top fifteen vendors in this market are focused on larger medical practices with product pricing that is far beyond the reach of independent physicians no matter what the anticipated federal incentive is. THE COMPANY plans to capture a significant share of the independent physician market by offering its products on an affordable subscription basis rather than the standard purchase or licensing basis with ongoing support fees. Recurring revenue projections range from $47M to $238M annually based on either 1% or 5% penetration models. Due to unique integrated support tools developed by THE COMPANY, profit margins of over 50% can be maintained on established clients. The COMPANY is valued at $5,000,000. The owner would like to maintain a minority interest.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Market Competition and Expansion:
The Company will soon be able to offer all elements of the physician work flow as part of its own software package where the source code for all elements is owned and maintained by The Company: Electronic Medical Records, Electronic Prescriptions, Integrated Credit Card Processing, Work flow Integrated Document Imaging, Real-time Insurance Eligibility, Scheduling, Push-Button Electronic Claims, Claims Management, Practice Management and its own integrated Claims Clearinghouse. Most other vendors use third-party software to accomplish many of these elements – which inevitably causes support and/or performance problems and increases deployment costs. These components combined with The Company’s internal, automated support software, constitute the true value of this enterprise. The cost of creating such an integrated model from scratch is estimated to be between ten and fifty million dollars with a time line of approximately two-four years to develop. The Company has millions of development costs behind it and requires only another 4-9 months to finalize the EMR component. The Company also has years of practice management and clearinghouse experience, established customer goodwill and an install base that will contribute to its ability to quickly promote product distribution throughout the physician channel.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.