Owner Financing is Available!
Business Overview:
Software Company with a niche in the Electronic Medical Records (EMR) industry. Their proprietary software is easy to use and learn compared to their competitors and as a result this has allowed for significant growth of the company. Over 50% of their revenue is recurring revenue that their customers pay every month or year. There are federal government subsidies for Medical Organizations to convert their medical records systems to certified EMR software for Medicare and Medicaid billing. Those health organizations that don t convert their medical records to electronic format by 2015 will face monetary penalties in the form of reduced billings for Medicare at that time. The majority of health care providers have still not converted to electronic medical records leaving a large opportunity for continued growth. In addition to subsidies and potential penalties EMR software provides health care practitioners the ability to more efficiently manage their customer records and provide better customer service with a compelling return on investment. There are significant barriers to entry in developing the numerous features for their particular niche that competitors simply don t have in their products.
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Market Competition and Expansion:
Currently they have a very small sales staff and sell all their products directly to customers. A new owner could grow the sales force and potentially establish reseller relationships.
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.
Resources: