Fantastic Pediatric Practice in Plano, Texas!

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Detail-oriented and completely paperless pediatric practice available in the thriving city of Plano, Texas! This successful pediatric practice was established in 2003 and then moved to its present location in 2014. The practice is located in a condominium with an impressive 3,100 square feet of operating space. The practice has a total active patient count of 2,890 and has averaged 47 new patients per month over the last twelve months. The payment breakdown is 50% PPO, 42% Medicaid, and 7% fee for service with 2017 collections totaling $642,619. The practice is equipped with six exam rooms that can all be used as procedure rooms when necessary.

The owner in this practice runs a professional and first-rate practice while enjoying excellent working relations with sub-specialists and institutions (CMC, THP, TSHR). The practice is contracted with an excellent network that provides them with fantastic reimbursement and credentialing, as well as keeping them out of fake or phantom PPOs. The HER/billing software earns First-In Class by Klas every year, easily tracking referrals and specialists’ reports while also offering electronic prescriptions of regular and controlled substances. Act quickly to own this fantastic pediatric practice offering exemplary customer service!

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PRACTICE HISTORY

Year Practice Was Established in Current Area: 2003
Year Practice Was Established in Current Location: 2014
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: Yes
Average Number of Days Doctors Work per Week: 4

PATIENT BASE

Approximate total active patients: 2890 (past 18 months)
Average number of new patients per month: 47
Approximate percentage of practice income breakdown:
FFS and Cash: 7%
PPO: 50%
Medicaid: 42%

LEASE INFORMATION

Monthly Lease Rate: $5,425

COLLECTIONS

Gross Annual Collections for 2017: $642,619
Gross Annual Collections for 2016: $1,025,728
Gross Annual Collections for 2015: $1,260,516

FACILITY

Total Number of Exam Rooms: 6
Facility Space (sq ft): 3,100
Facility Expandable: No
Practice Shares Space with Another Practice: No
Facility is Owned by Seller: No

EQUIPMENTS

Average Age of Equipment: 4
Practice Software: PCC
Level of Computerization: Completely Paperless
EMR System? No
EHR System? Yes