Rapidly Growing Medical Billing Business

Not Disclosed, NY

Asking Price: Annual Revenue:
$3,900,000 $3,428,967

Services: Business & Office Services

Request More Information
Contact the Seller

RE: Rapidly Growing Medical Billing Business Broker: Lincoln Taylor

Quick Facts

Asking Price: $3,900,000
Annual Revenue: $3,428,967
Net Profit: Not Disclosed
Cash Flow: $869,352
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 85
BBN Listing #: 377726891
Broker Reference #: Not Disclosed

Email or Print Listing

Request More Information
Contact the Seller

Business Overview:

This medical billing services business is growing very quickly since its inception. They serve 40 plus clients with billing and coding services to help maximize approval and collection of billed services. Their focus is serving specialty practices and high complexity labs where they leverage their proven best practices and technology to ensure results for their clients. IP includes automation technology that can perform functions like eligibility and verification at significant cost savings. Included with the business is a complete back-office operation with 80+ FTEs that perform billing and coding. They have $180,000+/month in booked business being on-boarded which will increase 2022 top-line revenue by over $1.5M over the 2021 numbers. The operation has the capacity for growth without adding additional resources.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

There is an off-shore full-service back-office operation with 80+ FTEs. There is also a NY Capital Region office where a few employees go. This could be moved to fully remote as data is all cloud-based and the business is not location dependent.

Market Competition and Expansion:

The business is well-positioned to capitalize on the growth in complex medical billing and coding as evidenced by their growth over a short time.

Reason for Selling:

The sellers are pursuing other opportunities.

Additional Details:

  • The property is leased.
  • The owner is not willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Relevant Links:

Request More Information
Contact the Seller

BusinessBroker.net is one of the largest business for sale marketplaces in the world that connects tens-of-thousands of business buyers and sellers every month. Sell a Business Online or if you’re a broker or a commercial agent sign up for a Business Broker Membership today!