Family and Geriatric Medicine Practice with 400 Medicare/MA Lives

Scottsdale, AZ

Seller Financing Available

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Asking Price:$495,000
Gross Revenue:$394,841
Established Year:2003
Cash Flow:$150,048
Rent:$2,338/Month
BUSINESS DESCRIPTION

Family and Geriatric Medicine Practice in Strategic Scottsdale Location

This established practice specializes in family and geriatric medicine, offering comprehensive healthcare services focused on preventive care, chronic disease management, and personalized treatment plans. The team is dedicated to providing excellent customer service characterized by compassion, respect, and professionalism. The mission of the practice is to create a caring environment where patients feel valued and supported, empowering individuals to lead healthier, happier lives.

There is a great opportunity for growth as the sole provider generates over $495,000 in gross revenues, with an average of 9 encounters per day. The payor mix is 68% Medicare, 32% commercial, and 1% self-pay. There are 300 Medicare Advantage and 100 Medicare patients attributed to this practice. The office can accommodate 1 more provider besides the current provider.

This is an exceptional opportunity for a family medicine or internal medicine physician to run their own practice and be part of a well-established, successful healthcare practice. Similarly, for an established practice, this is a chance to expand geographically or to add a solid senior patient base, opening doors to new possibilities and growth.

100% bank financing is available with approved credit. Please inquire.


DETAILED INFORMATION
Location
Scottsdale, AZ
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,483
Employees
2
Facilities
Single level 1,483 SF medical office. Facilities include waiting room with 7 chairs, reception area, 3-4 exam rooms, 1 provider office, 1 (dual) exam/procedure room, 1 patient restroom, 1 staff restroom, 1 MA/nurse station, 1 staff lounge, 1 laboratory, and 1 storage room. The building has 4 dedicated parking spaces.
Growth & Expansion
The practice has a strategic location and a strong patient base, providing ample opportunities for growth. To increase market share and revenue, the practice can focus on acquiring new patients, implementing chronic care management programs, and expanding aesthetic services through targeted marketing. Hiring a scribe and improving coding practices will also help optimize operational efficiency and revenue cycle management, positioning the practice for sustained growth and success in the competitive healthcare landscape.
Financing
$50,000 to qualified physician buyer
Support & Training
Owner will provide support and training to ensure a smooth patient transition.
Reason for Selling
Owner desires to retire.
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Shaun
Rudgear
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Shaun Rudgear