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$1mm Revenue Medical Credentialing, Payor Enrollment, and RCM Business
Business Description
*PLEASE DO NOT ATTEMPT TO CONTACT THE BUSINESS DIRECTLY*
The business specializes in outsourced Credentialing, Payor Enrollment, and Revenue Cycle Management services. The Company has an existing client base diversified across revenue, practice specialty, and geography with strong repeat business and recurring revenue components.
Founded in 1998, the Company has established systems and processes along with long-standing relationships with customers and referral sources. While the Company is “based” in Dallas, Texas, the workforce is fully-remote and can be easily relocated and/or integrated into a larger organization if desired.
The primary service offered is outsourced payor enrollment, whereby the Company assists healthcare providers with the process of credentialing and contracting with insurance carriers to become “in-network” providers. Following the enrollment process, many providers elect to participate in the Company’s maintenance program which ensures they maintain their network status.
In addition to the payor enrollment services, the Company provides billing / revenue cycle management (“RCM”) services to certain credentialing clients, providing them with a “all-in-one” solution.
The Company leverages a hybrid workforce with both onshore (U.S. based) and offshore resources. The company employs 6 FTEs within the U.S. including the leadership team and several credentialing managers. The U.S. personnel are supported by 6 offshore credentialing staff and 3 billing staff. The offshore personnel are contracted through offshore staffing companies who employ the individuals directly. It is expected that all the individuals listed above would remain with the business following a transaction if desired by the buyer.
This offering represents an opportunity for a strategic buyer to increase scale within existing service lines, add a complimentary service offering, or access a new market while harnessing potential cost and/or revenue synergies or for a financial buyer to acquire an operating business with an established client base.
The business specializes in outsourced Credentialing, Payor Enrollment, and Revenue Cycle Management services. The Company has an existing client base diversified across revenue, practice specialty, and geography with strong repeat business and recurring revenue components.
Founded in 1998, the Company has established systems and processes along with long-standing relationships with customers and referral sources. While the Company is “based” in Dallas, Texas, the workforce is fully-remote and can be easily relocated and/or integrated into a larger organization if desired.
The primary service offered is outsourced payor enrollment, whereby the Company assists healthcare providers with the process of credentialing and contracting with insurance carriers to become “in-network” providers. Following the enrollment process, many providers elect to participate in the Company’s maintenance program which ensures they maintain their network status.
In addition to the payor enrollment services, the Company provides billing / revenue cycle management (“RCM”) services to certain credentialing clients, providing them with a “all-in-one” solution.
The Company leverages a hybrid workforce with both onshore (U.S. based) and offshore resources. The company employs 6 FTEs within the U.S. including the leadership team and several credentialing managers. The U.S. personnel are supported by 6 offshore credentialing staff and 3 billing staff. The offshore personnel are contracted through offshore staffing companies who employ the individuals directly. It is expected that all the individuals listed above would remain with the business following a transaction if desired by the buyer.
This offering represents an opportunity for a strategic buyer to increase scale within existing service lines, add a complimentary service offering, or access a new market while harnessing potential cost and/or revenue synergies or for a financial buyer to acquire an operating business with an established client base.
About the Business
- Years in Operation
- 27
- Employees
- 12
- Currently Relocatable
- Yes
- Market Outlook / Competition
- As the healthcare industry continues to experience increased complexity, the need for specialized and experienced healthcare services business increases. Healthcare providers and practices can gain flexibility and scalability while reducing risk related to employee turnover by utilizing third party providers for credentialing, enrollment, and RCM services.
- Opportunities for Growth
- Potential to add additional sales personnel and/or increase spend on marketing (digital, outreach, events, etc.) to increase top line growth. The operations are scalable by leveraging offshore resources to scale internal teams to service additional clients.
About the Sale
- Seller Motivation
- Personal Reasons
- Transition Support
- Seller is offering 1-3 months of training and support post-transaction.
Listing Info
- ID
- 2394418
- Listing Views
- 1084
Listing ID: 2394418 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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