Neuropsychology Practice in Thriving Community North of Dallas

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This Neuropsychology practice is located within a large medical complex that includes primary care and other specialties. Over the last eighteen months, the practice has an active patient count of 4,000 and is averaging 56 new patients per month with a very healthy and continuing referral source. The practice is currently accepting payments through most major insurances including PPOs and HMOs along with fee for service. The new owner could easily grow the practice by becoming a Medicare and Medicaid provider.

Current services offered at this practice include psychological testing and neuropsychological evaluations, as well as individual, couple, and family therapy sessions. Also included in the sale is on-hand psychological tests valued at approximately $15,000. The practice is also offering practicum training opportunities.

The practice is currently staffed with three licensed psychologists, two masters-level therapists (one LMFT and one LPC), an LPA, and a psychometrist, in addition to two support staff (one office manager and one administrative assistant). All existing associates and current employees are expected to remain after the sale. Inquire now to own this fantastic practice!

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PRACTICE HISTORY

Year Practice Was Established in Current Area: 2016
Year Practice Was Established in Current Location: 2016
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: 5

PATIENT BASE

Approximate total active patients: 4000 (past 18 months)
Average number of new patients per month: 56
Approximate percentage of practice income breakdown:
FFS and Cash: 10%
PPO: 60%
HMO and Capitation: 20%
Other: 10%

LEASE INFORMATION

Monthly Lease Rate: $4,650

COLLECTIONS

Gross Annual Collections for 2019: $424,439
Gross Annual Collections for 2018: $378,196

FACILITY

Total Number of Exam Rooms: 5
Facility Space (sq ft): 1,495
Facility Expandable: No
Practice Shares Space with Another Practice: No
Facility is Owned by Seller: No
Facility is Available for Purchase: No

EQUIPMENTS

Average Age of Equipment: 3
Practice Software: Kareo
Level of Computerization: Each Operatory & Front Desk
EMR System? Yes
EHR System? Yes