Software Medical Practice Managment Business For Sale

Business description

This company has has developed a proprietary best of breed integrated suite of physician practice managment software products, with features no other medical software has. The company has achieved customer validation with over 150 sites representing 1,000 physicians in 17 states. The company is 4-9 months away from completing an integrated electronic medical records (emr) module with the intent to proceed with cchit certification for 2010 and beyond. The company also operates its own nationally certified electronic claims clearinghouse - one of only 40 in the nation. The company is the only vendor in this market offering real-time customer support. Under the american recovery and reinvestment act of 2009, beginning in 2011, the government will pay physicians a portion of the costs over five years for deploying and using certified emr systems. Beginning in 2015, those physicians who have not adopted certified emr systems will have their medicare reimbursements reduced. The company is in a unique position to exploit this window of opportunity created by the federal electronic recordkeeping mandate. The top fifteen vendors in this market are focused on larger medical practices with product pricing that is far beyond the reach of independent physicians no matter what the anticipated federal incentive is. The company plans to capture a significant share of the independent physician market by offering its products on an affordable subscription basis rather than the standard purchase or licensing basis with ongoing support fees. Recurring revenue projections range from $47m to $238m annually based on either 1% or 5% penetration models. Due to unique integrated support tools developed by the company, profit margins of over 50% can be maintained on established clients. The company is valued at $5,000,000. The owner would like to maintain a minority interest.

Other information

Support & training:

Seller will work for the buyer for 5 years.