Fantastic Family Practice in Fort Worth!

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Fantastic family practice available in Fort Worth’s medical district! Established in 1988, this successful practice is equipped with five examination rooms plus two additional procedure/surgery rooms, and is located inside a hospital complex that allows for easy access to hospital services when needed.
The practice has a total active patient count of 3,663 and has averaged 5 new patients per month over the last twelve months. The payment breakdown is a healthy mixture of fee for service, PPO, HMO, and medicare with 2017 collections totaling $1,331,000. This is a fantastic opportunity for a young doctor to move into a metropolitan area and earn a fantastic salary.

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PRACTICE HISTORY

Year Practice Was Established in Current Area: 1988
Year Practice Was Established in Current Location: 1988
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: 5

PATIENT BASE

Approximate total active patients: 3663 (past 18 months)
Average number of new patients per month: 5
Approximate percentage of practice income breakdown:
FFS and Cash: 10%
PPO: 65%
HMO and Capitation: 10%
Medicare: 15%

LEASE INFORMATION

Monthly Lease Rate: $7,100

COLLECTIONS

Gross Annual Collections for 2017: $1,331,046

FACILITY

Total Number of Exam Rooms: 5
Facility Space (sq ft): 3,444
Facility Expandable: No
Practice Shares Space with Another Practice: No
Facility is Owned by Seller: No
Facility is Available for Purchase: No
Total Procedure Rooms: 2

EQUIPMENTS

Average Age of Equipment: 10
Practice Software: Medisoft
Level of Computerization: Front Desk Only
EMR System? No
EHR System? No