Annual Revenue: $2,185,000
Net Cash Flow: $630,863
Industry: Health Care
Location: Southern, California
This lucrative practice offers patients a variety of procedures that can assist them in successfully managing their wellness as they age. It focuses on truly preventive healthcare, not the traditional “disease care” model. This philosophy is rapidly gaining appeal with healthcare consumers.
Due to the unique nature of this medical practice and its specialized niche, this practice grew to over $2 million in revenue in less than 5 years, with 2 of those years being in the COVID era. This is due to an all-cash practice model which includes an annual management fee. There are no limitations such as those typically seen with low insurance reimbursement. The doctor had just relocated to the practice city before starting this business and despite starting with a patient population of zero and no referral base, he was able to rapidly grow the practice due to being part of a growing sector of the healthcare industry while offering specialized services otherwise not available in the practice location.
The team of experienced medical professionals assists patients in receiving the finest aesthetic and wellness care, caters to their unique needs, and follows them along their health journey to reach their goals. The practice offers a superior approach to a wide range of minimally invasive and nonsurgical treatments using state-of-the-art technologies and modernized practices to improve patients’ health and wellness.
The practice has a reputation for providing 5-star service and excellence in individualized medical care that has resulted in many patients referring family and friends. Services offered cater to both the aging population as well as a younger demographic that is focused on quality of life:
- Prevention of atherosclerotic cardiovascular disease, the number one cause of death in males and females.
- Hormone optimization resulting in improved quality of life and healthspan.
- Men’s health including erectile dysfunction treatment procedures.
- Women’s health including menopause.
- Aesthetics: state-of-the-art lasers, injectables, body contouring, and skin tightening.
- Hair restoration including an ultrasound-based delivery system that is only provided by one vendor.
The practice offers many services that appeal to cash-pay patients with an excellent opportunity for cross-sales of services. It employs proven processes that are efficient for managing patients.
The practitioner is well-organized and an excellent teacher and is willing to assist with training as required to ensure a smooth transition.