Medical Billing and Orthotics Business
Off-MarketIndianapolis, IN
Medical Billing And Orthotics Business
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$1,200,000
$450,000
37.5%
1988
30+ Days
Customers
The business operates through two revenue streams: 50% from internal product rental and sales, and 50% from independent medical device sales representatives. Independent contractors bring their own business and keep 80% of collected revenue while the company retains 20%. Products include bracing, orthotics, and rental rehabilitation equipment (CPM machines, shoulder devices, elbow devices) provided to patients post-surgery.
Customer Acquisition
Primarily word of mouth and referrals.
Team
Two key employees: one employee has been with the business for 22 years and is a certified orthotic fitter who also handles equipment repairs. The second employee manages front-end operations, including insurance approval processing for patient orders.
Owner's Role
Owner and his wife work part-time in the business handling billing and collections.
Reason for Selling
The business was originally founded in 1988 by a husband-and-wife team, and the current owner acquired it about 3 years ago. He was a customer of the business for over 20 years in medical device sales. He and his wife decided to acquire the business but maintain their full-time jobs and operate this business part-time on the side. They are now considering selling the business.
Contracts
Yes, I recently secured a significant IU Health hospital system contract and established new independent contractor relationships in the Atlanta and Northern Kentucky regions.
Real Estate
Lease an office at $2,700/month. The company maintains approximately 65 knee CPM machines, three to four shoulder devices, and a couple of elbow devices as well.
When Are You Looking to Sell
6-12 months
Licenses Required
Yes
Additional Notes
Future expansion opportunities include obtaining Medicaid network status in surrounding states (Michigan, Ohio, Kentucky, Illinois) to provide full-service billing for out-of-state contractors. Private labeling and direct product sales represent untapped revenue opportunities, as the company currently only bills insurance companies rather than marking up products directly.
Business ID: 1522
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