Medical Billing Forum
Starting a Medical Billing Business => Starting Your Own Medical Billing Business => : barb2512 May 17, 2021, 01:06:11 PM
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hello all- I have built my billing business up over the last 16 years and want to retire in two years. How do I go about selling my business. Most of the information on how to navigate all the speed bumps in medical billing are in my head!! I don't know how to price my business. Do you offer advice for someone selling their business. b.
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There are several companies out there that will sell your business for you, like brokers. Honestly I've never sold one so I don't have experience. But we are constantly contacted by companies looking to sell our business for us. Here is an article on determining the worth of your business: https://www.thehartford.com/business-insurance/strategy/selling-a-business/determining-market-value#:~:text=Add%20up%20the%20value%20of,more%20than%20its%20net%20assets.
I would start by figuring out what I want to get from it, then try to figure out where to advertise. There is a website call www.bizbuysell.com I'm not recommending them, they just came up when I did a google search. Another one is www.bizquest.com
Start researching and hopefully something will jump out at you. Congratulations on reaching that point!
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Oh, you can also post it on here. Please message me first. We don't allow advertising, but selling your business is not really advertising. :)
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Thank you!!
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Best of luck!