Business For Sale

Medical billing software with recurring revenue

Not Disclosed, CO
Denver County


Asking Price: Annual Revenue:
$17,300,000 $3,206,997

Technology: Software


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RE: Medical billing software with recurring revenue Broker: Eric Williams

Quick Facts

Asking Price: $17,300,000
Annual Revenue: $3,206,997
Net Profit: Not Disclosed
Cash Flow: $2,126,223
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1988
Employees: 7
BBN Listing #: 69377085
Broker Reference #: 1000010614

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Business Overview:

This company, founded in 1988, is a developer of a recurring revenue business model medical billing software used by the behavioral health industry.

This business is truly turn-key with strong, stable, long-term staff in place. After the first two months of on-boarding a new client there is a very low level of ongoing staff time required beyond customization (which is billed for), and software updates. The software lease fees become a source of monthly recurring revenue.

This software is used in client clinics in 30 states and includes some larger healthcare systems that appreciate its enterprise-level functionality. There's a low level of annual client churn (less than 11% from 2010-present), and it has attracted, on average, six net new clients per year.

The company has experienced very high margins (EBITDA margin for 12-months ending 7/31/17 is 66%), and produces high annual revenue per employee of $534,499, as well as $354,370 in EBITDA per employee.

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Property Features and Assets:

This business is operated virtually, with staff members working from their homes throughout the USA.

Market Competition and Expansion:

While medical billing software is a competitive field, this business has long-term satisfied clients and has enjoyed significant year-over-year net client gains without marketing the business. Clients appreciate the sole Behavioral Health focus, its enterprise level functionality, and that it can integrate well with other software systems. Growth and expansion opportunities include: 1, initiate an active sales and marketing campaign - virtually no marketing or advertising has been done in the past; 2, increase prices - this business' monthly pricing is similar to some competitors maintenance charges AFTER buying software; 3, continued revenue growth will lead to higher margins - this business can grow by about 25% without adding additional staff (its primary expense), so most of that revenue will drop to the bottom line; and 4, offer an out-sourced billing service.

Reason for Selling:

Preparing for retirement

Additional Details:

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

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