Well Established Ophthalmology Practice in Austin!

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Long standing Ophthalmology Practice for Sale in Austin, Texas! Established in 1981, this practice is located in a thriving area near busy restaurants and shopping centers. The practice serves over 2,000 loyal active patients and averages 20 new patients per month. The payment breakdown is 61% PPO, 38% Medicare, and 1% fee for service with 2016 gross collections totaling $323,366.

With the selling ophthalmologist in this practice referring out surgical cases and working only 20 hours per week, this could be a fantastic opportunity for a young ophthalmologist with surgical capabilities to grow an already established practice to much higher levels.

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PRACTICE HISTORY

Year Practice Was Established in Current Area: 1981
Year Practice Was Established in Current Location: 1981
Seller Purchased Practice: No
Has There Been Partner in the Practice the Past Three Years: No
Has There Been an Associate in the Practice the Past Three Years: No
Average Number of Days Doctors Work per Week: 3

PATIENT BASE

Approximate total active patients: 2088 (past 18 months)
Average number of new patients per month: 20
Approximate percentage of practice income breakdown:
FFS and Cash: 1%
PPO: 61%

LEASE INFORMATION

Monthly Lease Rate: $988

COLLECTIONS

Gross Annual Collections for 2017: $320,519
Gross Annual Collections for 2016: $323,366
Gross Annual Collections for 2015: $326,501

FACILITY

Total Number of Exam Rooms: 3
Facility Space (sq ft): 1,880
Practice Shares Space with Another Practice: No
Facility is Owned by Seller: No
Facility is Available for Purchase: No

EQUIPMENTS

Average Age of Equipment: 35
Practice Software: Medisoft / Practice Fusion
Level of Computerization: Front Desk Only