Jan 6, 2020 — The company is a subscription-based Electronic Health Record (EHR) and Practice Management software provider. It offers customizable SaaS to practices in the Mental & Behavioral Health Industry.
The software program provides end-to-end solutions and automated services in electronic billing, electronic prescribing, claims management, electronic lab results analysis, etc.
In addition, to these critical operational functions, the software also features HR functions that schedule employees, employee workflows and provide time-sheets management.
The assets included in the sale are the software itself and full rights to the code (IP), domain names, existing clients and cash flow (goodwill), certifications from Sure scripts and CMS, and a trademarked application name.
Facilities: The company does not have, nor does it require office space. (Home Based)
Growth & Expansion: With only minimal business development efforts, the company has seen over 40% growth in net revenue over the past four years and has done so at a consistent 10% y-o-y rate. The company has also limited its scope of business geographically, only targeting local practices. Given this, the business is primed for massive growth in the hands of an active owner and operator.
Support & Training: The software can be set to automatically update itself bi-weekly or monthly.
Reason for Selling: Retirement
ANNUAL REVENUE: $801,520
NET CASH FLOW: $786,520