Thriving Medical Transportation Business
Asking Price: | $1,995,000 |
FF&E: | $313,000 |
Gross Revenue: | $1,781,000 |
Established Year: | 2019 |
Seller financing | Efficiently run | Owners are somewhat absentee | Plenty of gr
Plenty of room for growth and expansion opportunities for the right owner(s). Come in and add your magic touch to this already successful business. Key points to consider
- What is the percentage of business by payor source? 98% is paid through insurance.
- Medical Insurance company payers - Medicare, Medicaid, Aetna, Cigna, Cigna Health spring, Blue Cross
Blue Shield, Peach State, Humana.
- How many local contracts with medical facilities? 3.
- Do you have a manager in place that can run the day to day? Yes.
- How many calls do you complete on average in a day/week/year? 24-34 calls a day.
- How many repetitive patients do you currently have? 30 Patients.
- What are some growth opportunities in your area? Additional contracts with nursing homes and additional
patients with various dialysis centers in the area.
- Are you in good standing with the Department of Public Health? Yes.
- Are you in good standing with Medicare/Medicaid? Yes.
- Have you ever been put on a pre-payment review? No.
- Does your company have any current auto/general liability claims for vehicle and/or employee accidents?
Have you had any in the past? No vehicle claims.
- Do you perform maintenance yourself or do you have a company to maintain the fleet? Have a company.
- Do you use a billing company to perform billing practices? Billing company.
- How frequently do you submit claims? Daily.
- Do you have Standard Operating Procedures in place? Yes.
- Is payroll done in house or is it outsourced? Outsourced.
- Is HR handled in-house or is it outsourced? Outsourced for paperwork for new employees.
- Do you have an employee handbook? Yes.
- Is there any pending litigation or threats of litigation on the company? No.
***NOTE***
2021 Gross Revenue - $756,426
2022 Gross Revenue - $1,204,642
2023 Gross Revenue - $1,781,000
2024 Gross Revenue (Jan to Aug 2024) - $1,261,324