Starting a Medical Billing Business > Starting Your Own Medical Billing Business

Selling Your Billing Business

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Michele:
Are you talking about to determine a selling price for a billing business?  There are several factors to consider:

*  number of years in business
*  number of clients and length of time they've been clients
*  Volume
*  profitability
*  location  (are clients all local to business)
*  equipment owned by business

Is the business something that someone could walk into and hit the ground running?  Is it a business that would not remain in the same location?  There are many things to consider.

williamportor:

--- Quote from: midwifebiller on May 16, 2011, 03:44:17 PM ---What we start must someday end, and I have reached that point.  Has anyone ever sold their billing business? Or maybe hired a manager to take care of all the day-to-day business so you can have some breathing room?  Would love to hear what happened and your words of wisdom.

--- End quote ---


JMHO - It might be better to hire a good manager (if you don't already have one) to run the day to day operations than sell your company, this would leave you free to do other things. You can spend a minimal amount of time monitoring business operations, while still collecting profits from your company. It also gives you the option to step back in to running the business, should you want to someday. 

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