Medical Billing Forum

General Category => General Questions => : mikegaudioso July 29, 2009, 11:47:35 AM

: Is the Industry lucrative
: mikegaudioso July 29, 2009, 11:47:35 AM

Hello Everyone,

My name Mike, I’m new to the industry, myself and a colleague are thinking about starting a billing company, our experience is in the staffing business with has taking a hard hit. We have interviewed experienced billers about join us.  My question is. Is this a lucrative industry, has it been saturated, what is the real earning potential.

I just saw a billing company for sale in NJ – price is 1.5Mil, Started in 2004, billing $50,000,000 annually

: Re: Is the Industry lucrative
: Michele July 30, 2009, 12:08:10 AM

Hi Mike,

   I personally don't think that the market is saturated, with good billing services anyway.  It can certainly be lucrative, but it is not a "get rich quick" business.  It takes a lot of hard work.

   As for the service for sale in NJ, I would be more interested in what their annual expenses are in addition to what they bill out.  If their expenses are $51,000,000 annually, then the $50,000,000 doesn't look so good.

Good luck
Michele