Hot Listing
Medical Billing Company turn around opportunity
Business Description
Company lost several clients after the national change healthcare hack 2 years ago.A company with its own BPO or AI software is ideal buyer.
Focused on maximizing practice revenue, enhancing cash flow, and cost efficiency, we deliver timely, accurate, and affordable medical billing and collection services along with tools to measure performance and improve revenues and patient care.
We provide a full range of revenue management services – taking you from patient registration and scheduling, through in-office functions, to billing, collections and payment processing. Each patient visit has a life cycle that depending on circumstances can have as many as a dozen distinct phases.
We have invested in a process to develop a common payer management capability. This allows us to take what we learn from one set of practice/payer interactions and use them to benefit all of our clients.
We have automated significant portions of the billing and collection process in order to reduce cycle time and speed up payments. Over 99% of primary claims are submitted electronically and over 95% of insurance payments are received electronically.
Virtually all of our clients use lock boxes for receiving non-electronic payments. In processing your payments we will work with your bank.
In those cases where patients refuse to pay what is due to your practice we have relationships with collection agencies. We have a monthly process for working with you to determine which accounts should be referred to an agency.
Focused on maximizing practice revenue, enhancing cash flow, and cost efficiency, we deliver timely, accurate, and affordable medical billing and collection services along with tools to measure performance and improve revenues and patient care.
We provide a full range of revenue management services – taking you from patient registration and scheduling, through in-office functions, to billing, collections and payment processing. Each patient visit has a life cycle that depending on circumstances can have as many as a dozen distinct phases.
We have invested in a process to develop a common payer management capability. This allows us to take what we learn from one set of practice/payer interactions and use them to benefit all of our clients.
We have automated significant portions of the billing and collection process in order to reduce cycle time and speed up payments. Over 99% of primary claims are submitted electronically and over 95% of insurance payments are received electronically.
Virtually all of our clients use lock boxes for receiving non-electronic payments. In processing your payments we will work with your bank.
In those cases where patients refuse to pay what is due to your practice we have relationships with collection agencies. We have a monthly process for working with you to determine which accounts should be referred to an agency.
About the Business
- Years in Operation
- 25
- Employees
- 20
- Facilities & Assets
- 9600 sqft but negotiating smaller sized space currently
- Opportunities for Growth
- Excellent opportunity to go after previous clients that left because of Change healthcare hack last 2 years.
About the Sale
- Seller Motivation
- other interests
- Transition Support
- Management and staff will provide training
- Financing Options
- 70% cash no lending as this is a turn around
Listing Info
- ID
- 2361071
- Listing Views
- 1926
Listing ID: 2361071 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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