05 Jun Medical Billing
Medical Billing
This medical billing practice was established in the mid 1990's. Services are offered to any medical professional, local or distant. The practice has grown from just one eye doctor to 37 healthcare providers and most have been added by way of referral. Healthcare providers mostly choose these services for efficiency and cost effectiveness. The business operates from a small office, staffed with one person. By using state of the art software, a secure server and router a small pool of medical billers work part time from home. The owner spends much of her time communicating with the health care providers, answering their call and e-mails. Otherwise she manages the operations including Quick books, payroll, A/R for health care professionals, staff questions, and marketing. All software and technology used in the business is up-to-date and will transfer with the sale.
Retirement
Owner will ensure a smooth transition. Several of the staff have multiple years of experience with this company and can assist the new owner in the transition.
Small leased office space.
Since medical billing is vital to health practitioners and the majority use outside services, competition is not a factor. Medical billing is known to acquire clients through referral and can be performed in any state.
Development of a comprehensive website, a higher social media presence and adding marketing in other regions would increase visibility and client acquisition. The region has well over 200 medical providers and very few local, independent medical billing establishments. This demographic leaves the market wide open for further growth and added revenue streams.