Established Turnkey Ultrasound Business

www.GlobalBX.com

Listing ID: 700356055

Listing Title: Established Turnkey Ultrasound Business

Quick Link: http://www.globalbx.com/listing.asp?bId=356055

Industry: Health and Medical

Industry Segment: Medical Practices

Country: United States

State / Province: South Carolina

Area

City:

Asking Price Range: $250K - $500K

Gross Revenues: $394,627

Cash Flow: $7,293

Cash Flow Type: Sellers Discretionary Cash

Year Established: 2020

Number of Employees: 1 - 3

Business Description:
This Imaging Center is a full-service ultrasound facility serving patients from age five through adulthood in Greenville, South Carolina. Staffed by an unparalleled team of board-certified medical professionals, the practice has earned a reputation of excellence in regard to diagnostic services. The company was founded in 2010 by a husband and wife team. She was an accomplished echocardiogram sonographer who brought in new accounts and performed the ultrasounds. And, he handled all of the client relations and back office administrative work. Initially, the business provided on-site imaging services at independent medical practices on a contract basis wherein the client was the medical practice, not the patient. As time progressed, they grew and added their first additional sonographer to handle general, vascular, and OB/GYN ultrasounds. The idea was to keep providing on-site services at independent medical practices, as well as offer general, vascular, and OB/GYN ultrasounds at the offices at the patient-s convenience rather than at their doctor-s office on a fixed schedule. This move not only addressed the patients- desire for flexible appointment scheduling but it offered a new and different type of income stream through additional volume depending on how the patient wanted to pay for services, i.e. health insurance or self-pay. On a contract basis, they could only bill the medical practice on a fixed contract basis by the type of ultrasound or by leasing the sonographer/ultrasound machine for a fixed price per hour. Both of these scenarios had minimum guaranteed charges associated with the type of service offered. With in-office patients, reimbursement rates could be negotiated with individual insurance companies. Self-pay rates could be established that were attractive to the patient but substantially less that what hospitals or hospital-owned imaging facilities would charge. In 2014, the wife went to another state to participate in a medical research stu



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