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DBI Adds Value To Your Business With 25 Years Experience Specializing In Insurance Agencies.
Owner Benefits Working with DBI Specialists:
Maximize Value – 30,000 Registered Buyers – Free Opinion of Value – Negotiations That Accomplish Your Goals – Guidance Through Closing – Help With Financing And SBA Prequalification
Selling your company in today’s market, you need experienced brokers who are in touch with all of the different structures and transitional financing methods in order to get your transaction closed. You also need to be able to rely on the broker doing their job with honesty and respect for all of those who are involved. DBI has the experience and expertise giving the highest level of service in order to provide the support entrepreneurs need when selling their company.
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Davidson Business Investments
“We Go Above And Beyond In All We Do”
It’s now been over four years since the Affordable Care Act, otherwise known as “Obamacare”, officially went into effect in the United States. However, we are just now learning the wide-ranging impacts the legislation has had on the healthcare industry, and in particular on medical billing in hospitals and doctor’s offices throughout the country. While we still don’t know the scope of changes that are yet to occur, there are some undeniable trends that seem to be making their way down the pipeline, particularly as we prepare for the oft-mentioned “employee mandate”, which, if all goes according to the (often revised) plan, goes into effect in 2015.
Medical billing has never been a particularly popular activity in doctor’s offices and in hospitals. Now, with the increasing number of medical coding requirements resulting from the Affordable Care Act, medical professionals are continuing the trend of outsourcing this work to companies that specialize in it. According to a report in Seeking Alpha, large outsourcing companies such as Firstsource Solutions and WNS are increasing their domestic US presence to accommodate a growing number of medical professionals who are choosing to outsource medical billing to them.
By 2015, more doctors and hospitals are projected to outsource their medical billing than ever before, in large part thanks to Obamacare and growing administrative costs. The other less discussed (but no less important) consideration is that outsourcing medical billing reduces liability on the hospital or doctor’s office.
While outsourcing is certain to increase in 2015, The Bureau of Labor Statistics estimates that the medical billing industry as a whole will increase in 2015 as well. In fact, it is estimated that the industry will grow by about 22% between 2012 and 2022. While some of this increase is in fact due to regulatory and administrative burdens resulting from the Affordable Care Act, many experts also believe that the changes from the ACA will actually reduce administrative issues, increase efficiency, and ultimately grow the medical billing industry at a slower rate than it otherwise would have in the absence of the Affordable Care Act.
The other key reason why the medical billing profession is expected to grow is the simple fact that, under the Affordable Care Act, more people will have access to healthcare, which means more medical coding and medical billing will be required. While increased access to healthcare for the overall population (and particularly the poor) is a worthy goal, it comes at the very real cost of increased administrative and regulatory issues, at least in the short-term.
While it’s true that one of the original promises of the Affordable Care Act was reduced difficulty for hospitals and doctor’s offices that needed to pre-certify or verify eligibility of a patient for a particular procedure, reality has proven itself to be more complicated. Early reports indicate that, at best, this process is as slow and cumbersome as it has always been, while critics claim that it is in fact less efficient than before the ACA was passed into law. Part of the problem stems from the fact that many insurance companies and medical offices still aren’t even sure how to properly code procedures and medical services; a problem that, while severe, should hopefully improve gradually in 2015 and onward if all goes well.
Obamacare is causing significant changes in the medical billing industry. Hopefully the negative aspects will diminish over time, while the promised benefits of the law start to take hold. Source
Selling HealthCare Businesses for 25 Years, DBI Can Help Increase Your Companies Value!
Personal Cell: 704-999-9728
Direct Email: BizBroker@Hotmail.com
Live Chat: http://www.GoDBI.com
Thinking About Selling Your Company Next Year? Prepare Now!
7 Steps to Higher Company Value:
Don’t Push Income Out to Next Year on Your P&L
Do Not Prepay Expenses
Have Year End Books Completed by January 15th
Do Not Buy Inventory until January 1st
Do Not Buy Equipment until January 1st
If Cash Accounting Make All Deposits Before Year End
If Accrual Accounting, Invoice All You Can
While these steps in reverse are typically done to minimize taxes, use these same strategies to increase the net income and thus value of your company. Most Banks, Buyers and Brokers value companies on a weighted formula. The heaviest weighted year is the most recent year end. By implementing these strategies you can increase your net income on paper, thus a multiple applied to increase the selling price. Always, always, consult your accountant and broker. Develop a plan and time frame. You might even be able to file taxes after the sale, mitigating your tax burden further.
If you are thinking of selling your company I would love to be of service. I have been selling companies across the US and accomplishing my clients goals, for over 25 years. Call me personally to discuss your goals. My personal number is 704-999-9728.
Frank R. Davidson MBA,MEA,CMI,SBA
Principal & Senior Business Analyst
Certified Medical Intermediary
Davidson Business Investments
With Halloween Only a Few Days Behind Us it’s Easy to See the Holiday Season is Here!
Store Isles are Packed with Beautiful Christmas Decorations, Cheerful Melodies on our Radios, Newspapers Filled with Upcoming Sale Events … Holiday Excitement is in the Air!
We at Davidson Business Investments are Helping Business Owners Prepare for the Holidays and the 2015 New Year by Selling Their Companies with Desired Results!
From Charlotte NC to Chicago IL All the Way to Sunny California Davidson Business Investment Owners are Celebrating Recent Sales:
- Restaurant Franchise in Texas
- IT Staffing Agency
- Medical Billing and Coding Service in CA
- Private Medical Practice
- Signs and Banners Manufacturing and Distribution Center
- Several Local Family Owned Small Businesses
Frank Davidson and the Davidson Business Investments Team are so Excited to Help Others Achieve Financial Success and We’d Love to Help You!
At GoDBI You Can View Our Current Business Listings and Add an Emergency Transport Company to Your Christmas Wish List, Add Industrial Staffing Services to Your Christmas Stocking or Give the Gift of a Profitable Franchise for 2015 … Truly a Gift That Keeps on Giving!
Live Chat-Call-Email America’s Top Business Broker Frank Davidson 24/7 to Discuss Exit Strategies or Finance Options. No Matter How Stressful the Holiday Season is Frank Always Provides the Support Entrepreneurs Need.