Hot Listing

Texas Healthcare Software Solutions Company for Sale

Asking PriceNot Disclosed

Cash Flow
$468,000

EBITDA$541,940

Gross Revenue$837,750

InventoryNot Disclosed

FF&E$225,761
Included in asking price
Real EstateNot Disclosed

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Hot Listing

Texas Healthcare Software Solutions Company for Sale


Asking PriceNot Disclosed

Cash Flow
$468,000

EBITDA$541,940

Gross Revenue$837,750

InventoryNot Disclosed

FF&E$225,761
Included in asking price
Real EstateNot Disclosed

Business Description
Solutions Company for Sale
The Company provides a leading suite of software and service solutions to support healthcare providers. Products and services included are Patient Assistance Program for Prescription Drugs Software (PAP), “onshore” based Medical Billing, Credentialing, Collections and Denial Management Services, Electronic Medical Records (EMR) Software, Proprietary Claim Adjudication Software. The trademark, patentable, and proprietary software is designed to increase revenues for the healthcare providers while improving the quality of care for patients. The suite of software products and services are being used by both for-profit and non-profit healthcare providers, as well as private and government healthcare providers. Providers currently using the suite of software and services include but are not limited to hospitals, pharmacies, clinics, healthcare centers, government and county run healthcare facilities, Native American Pharmacy, Patient Advocates, medical billing companies and billers. The company owns all the source code.

The software has already facilitated over $520 million in free or very low cost name brand and generic medications through successful patient assistance applications, for insured, underinsured, uninsured and indigent patients, especially patients falling at or below the 400% of the Federal Poverty Guidelines (FPL); over 58% of the population can qualify. The business is scalable within a fast-growing healthcare sub-sector. The acquirer can further protect its market position through patents.

The Company’s Patient Assistance Program for prescription drugs software (PAP) helped their clients process over 100,000 PAP applications. The software allows healthcare providers to identify and qualify patients who need assistance for numerous reasons. The platform provides software for Patient Assistance Program (PAP) and/or Medication Assistance Programs (MAP) from nationally available pharmaceutical manufacturer and all foundation resources. For one enterprise level customer, the company’s software shortened the PAP qualification process from up to 70 hours to minutes resulting in access to essential name brand and generic medications either free or at a very low cost (easing financial strain for the patient and saving the facility up to 35% of their “drug-spend” budget) while streamlining PAP tasks and medication management, reduced administrative burdens and improved patient care. The estimated savings were $26 million!

The Company’s Electronic Health System (EHS) was specifically designed for Free and Charitable clinics, Community Health Centers to save time, work smart and provide better patient care. The system is simple, intuitive, and very easy to use with a built-in Electronic Health Records (EHR). The platform is currently the leading cloud-based system that includes five integrated and powerful modules: Customizable Electronic Health Records (EHR), Patient Assistance Program for Prescription Drugs (PAP), Rx and Inventory Module, Donor and Donations Module, Volunteer and Staff Tracking Module. Any or all the modules can be selected based on the healthcare providers’ specific needs.

The Company also provides onshore Revenue Cycle Management which includes billing, collections, credentialing, denial management and clearing house services by Certified Professional Coders (CPC) and billers. Their proprietary claim adjudication software minimizes rejections and eliminates short pays on all medical claims submitted to payers resulting in increased collections.

Confidentiality is a concern for the Seller while searching for the right buyer. Exact business location and name will be shared once a qualified Buyer prospect is vetted.

NDA is required to secure comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
About the Business
Years in Operation
9
Number of Employees
11
Facilities & Assets
Virtual Offices
Market Outlook / Competition
There are several companies in this space, both offshore and domestic billing companies. There are also several providers for EMR software.
Opportunities for Growth
This business is very scalable and is already set up for virtual operations. It has industry leading software that can be implemented with hospital systems, governments, insurers, employers and more. A more robust marketing and sales team will grow revenue significantly.
About the Sale
Seller Motivation
Retirement due to illness
Transition Support
As needed – specific terms for transition support can be negotiated. The Seller wishes to facilitate a successful and smooth transfer of the business. Other than the owner, key employees will remain.
Listing Info
ID
2337932
Listing Views
3239

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Business Listed by: PK Kvien Pronova

Listing ID: 2337932 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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