Business Overview: This New York healthcare services company is just what the doctor ordered — literally! It specializes in chronic care management (CCM) and remote patient monitoring (RPM), partnering with medical practices to keep patients healthier while boosting doctors’ revenue. The company’s turnkey services handle the heavy lifting of routine patient follow-ups and health tracking, alleviating administrative burdens so physicians can focus on care. It’s like having a dedicated virtual care team that never sleeps, ensuring patients stay engaged and on track between office visits. The result? Improved patient outcomes, happier doctors, and a healthy bottom line for this business. Key Highlights:
Steady Profits: Generates approximately $300,000 in annual gross revenue with about $108,000 net profit – a healthy margin in a growing industry.
Established Client Base: Contracts in place with 11 doctors (and counting) across the New York area. The service model boosts physicians’ practice income, making it a win-win partnership and paving the way for easy expansion to more providers.
High-Demand Services: Chronic care management and remote patient monitoring are booming fields thanks to the push for better chronic illness care and telehealth solutions. This company’s personalized approach keeps patients compliant and cared for, which translates to recurring revenue through monthly care plans and monitoring contracts.
Turnkey Operation: Based in Brooklyn (Kings County) with an existing office infrastructure. All processes, software, and trained support staff (e.g. medical assistants) are in place to seamlessly continue operations. Minimal owner involvement is needed in day-to-day work – perfect for an investor or a healthcare professional looking to step in and scale.
Growth Potential: Virtually unlimited upside by onboarding additional physician practices or expanding services (e.g. other telehealth offerings or additional chronic conditions). The template for success is already proven with current clients, so growing the client base can significantly increase revenue and profit.
Reason for Selling: The current owner is pursuing other business ventures. This creates an opportunity for you to acquire a proven, mission-driven healthcare business without starting from scratch. With an established revenue stream, client contracts, and a positive impact on patient health, this business is primed for a new owner to take it to the next level. This is a rare find in the healthcare services sector – a business that makes a difference and makes money. If you’re looking to enter the telehealth/medical services space or expand your existing healthcare portfolio, this company is a perfect fit. Don’t miss out on this “healthy” investment opportunity – it’s truly the cure for the common business!