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Broker Name:Lisiten Associates
Broker Email:ron@bbpinc.com
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HEALTHCARE PRACTICE MANAGEMENT BUSINESS WITH RECURRING REVENUE FOR SALE.
(Healthcare/Medical, Medical Practices, Services; Services, Other Business Services; Services, Other Personal Services; Services, Social Ser)
Florida
Listed Price: $ 9,900,000
Listing ID: XC9990515

Listing DetailsGross Revenue: $ 13,500,000
Cash Flow: $ 2,450,000
FFE: $ 5,000 (Included in Price)
Form of Ownership: S Corp
Reason for Sale:

RETIREMENT


Training & Support:

The current owner will provide a supportive training program that will guarantee your success


Listing SummaryBusiness Description:

PREMIER HEALTHCARE PRACTICE MANAGEMENT SYSTEM
Having created one of the most innovative business models ever developed, this company is the recognized leader in healthcare practice management. The frustration that many healthcare providers experience from rising expenses is eliminated by this company’s state of the art proprietary health care management system. The company maintains contracts with healthcare providers to manage the productivity aspects of their practice. With well established contracts with numerous health care chains these contracts have provided long standing, unprecedented secure income growth. These contracts are automatically renewed yearly which accounts for consistently repeated revenue. 

Of special interest, is this company’s strategic decision to concentrate on the group that will have the biggest impact on health care: baby boomers. All of the contracts are with providers who serve a population that grows at the rate of 10,000 per day. The potential growth is unlimited as this company is the established provider of choice for many health care delivery systems. As the population ages, this company will experience unlimited growth opportunity
The Company is a consistently profitable 12 year old company that provides a full range of management, marketing and patient billing services for healthcare provider affiliates that provide mental health services to patients of skilled nursing homes and assisted living facilities. Through the use of proprietary software technology and uniquely developed standardized protocols, we are able to maximize the number of deliverable services while being able to objectify the progress and benefits that patients are achieving. The Company is purposely positioned for rapid growth through the unprecedented expansion of its beneficiary population and the utility of its business model which is reproducible nationwide.
Company Overview
The Company provides management, marketing and billing services for its healthcare provider affiliates. The affiliated healthcare providers provide mental health services to residents of skilled nursing homes and assisted living facilities. The Medicare beneficiary population will explode in the coming decades with 10,000 new beneficiaries becoming eligible each day. Individuals age 65 and older will comprise 20 percent of the country’s population by 2030. The number of older adults with mental health issues will grow from 7 to 15 million. Psychologists will take the primary role in the health care delivery model in serving this population.

Business Model
The Company charges a management fee to its affiliated providers for management services. Our comprehensive billing and productivity platform assures provider accountability while providing a seamless reimbursement model that maximizes timely reimbursements for services rendered. All affiliated providers denote The Company’s Services as their designated representative and the management fee is electronically debited from the provider’s designated banking account weekly resulting in timely collection of management fees.

Cash Flow
Billing data is electronically submitted daily for all primary and secondary payment sources. Payments are reconciled against patient rosters. A 40% (forty percent) management fee is electronically debited from the affiliated providers designated banking accounts weekly.

Industry & Competition
Approximately 80% of all nursing home residents require screening for mental health services. Federal mandates require that Psychologists provide psychotherapy and provide comprehensive treatment plans for nursing home residents. 

The industry of mental health service providers for nursing home residents is extremely fragmented. Individual providers attempting to serve nursing homes as an adjunct to their private practice provide a non-integrated model of care. This fact allows for successful recruitment of providers that seek a comprehensive healthcare delivery model and makes regional local professional sole practitioners potential acquisition targets.
Contracts
The Company presently has contracts with 123 facilities with terms in full force and effect for initial periods of two years which automatically renew for additional terms of two years thereafter. These contracts are assignable as part of a stock purchase of The Company. There are no current or pending legal actions against The Company 

Growth Strategy
The Company’s Services business plan was to be the “standard of care” in the communities in which we served nursing home residents. As the provider of record for over 25 health care companies in Florida alone, in many geographical areas The Company provides mental health services to every nursing home in entire counties. This envious market position allows for complete dominance of market share as we gain continued understanding of the value chain which helps indentify additional attractive marketing opportunities. Most importantly, our already established outstanding reputation with owners of skilled nursing homes for regulatory compliance makes our expansion to other states a seamless transition.


The Strategic Opportunity
Integrated psychological services continues to provide The Company’s services with a competitive advantage resulting in better outcomes for residents and fewer admissions to impatient psychiatric facilities. We use proprietary technology that is unavailable to competitors. Our standardized protocols allow continued quality assurance and regulatory compliance. We are positioned for rapid national expansion.

Company Profile 
Industry: Healthcare
Affiliated Providers: 37
Facilities Served: 123
Patients Served: 3,705


Historical Summary:

THIS COMPANY HAS BECOME THE INDUSTRY LEADER IN JUST 7 YEARS


Owner Qualifications:

Most importantly, the successful new owner of this company does not have to have a healthcare background. You can virtually run this business, sitting at your desk, or an easy chair, from anywhere in the world. Every aspect of the healthcare practice management system is updated daily so that you can monitor your income daily. This is truly a rare opportunity to own a highly profitable business that has a secure future.


Competition:

RARE to NONE


Potential Growth:

TOTALLY UNLIMITED - CAN BE EXPANDED ANYWHERE in the U.S.A.


LocationLease Expire: 0000-00-00
Option: USE YOUR OWN FACILITY- JUST NEEDS A COMPUTER TO OPERATE THE BUSINESS
Lease Security: 0
Type of Location: Home Based
Facilities:

HEALTHCARE PRACTICE MANAGEMENT 
Most importantly, the successful new owner of this company does not have to have a healthcare background. You can virtually run this business, sitting at your desk, or an easy chair, from anywhere in the world. Every aspect of the healthcare practice management system is updated daily so that you can monitor your income daily. This is truly a rare opportunity to own a highly profitable business that has a secure future.


OperationYear Established: 2002
Days & Hours of Operation: 24/7
Owner Hours: 5
Employees: Full Time: 2
Managers: 1
Absentee Owner: No