Business Description
For sale is an 8-year-old 100% remote medical specialty billing company based in North Carolina. The business offers claims posting, insurance accounts receivable, rejects, and appeals management.
The business structure for revenue is a percentage of net claims plus hourly support services and EMR implementation and coordination for clients.
The company has been on an uptrend of growth and climbed in revenue significantly due to COVID, where providers lost staff and required an alternative to on-site billing. Staff was added to the company to manage the increase in business, yet a waitlist still exists.
The business currently has a staff of 14 which includes an office manager, billing manager, posting manager, and accounts receivables manager. The owners look forward to retirement and are confident the team will stay with the company post-sale.
| 2019 | 2020 | 2021 | 2022 |
2023 (Up to July) |
|
| Revenue | $118,990 | $270,730 | $382,837 | $577,369 | $393,842 |
| SDE | $1,357 | $31,381 | $110,227 | $183,117 | $79,046 |