Prime Practice for Sale in East Texas!
East Texas, TX 75460
Posted May 4, 2021
Established in 1978, this ideal and well-known general practice is located on one of the busiest streets in the area with excellent signage near retail stores and restaurants. In addition to remodeling the practice inside and out within the last 5 years, the owner installed new patient chairs, operator chairs, and assistant chairs, giving this office the modernized feel you want.
The practice is well equipped with three operatories for the dentist and one operatory for hygiene, as well as digital x-rays available in each operatory, a pano and 3D CBCT machine, intraoral cameras in each operatory, and plumbed nitrous. The practice maintains a 90% fee for service with approximately 10% medical Medicaid income from bone grafting and other oral surgery procedures (all medical medicaid are ultra-high production/collection scenarios). The total active patient count over the last eighteen months is 1043, and the practice averages 25 new patients per month.
The practice is represented by the owner to earn approximately 25% of its income from Medicaid in 2020. The Practice is credentialed with Texas medicaid for certain medical procedures such as: bone grafts, Platelet-rich fibrin, and bone debridement. The practice is not credentialed with medicaid for general dental procedures and is not in network with any PPOs but does process claims for patients who have insurance.
With more time taken off this year than ever before and only treating patients for 24 hours each week, 2020 collections reached $1,121, 662!
This practice is well-known for its comprehensive dentistry and has become the place to go for implants in the area. The owner of this practice also owns the real estate and is willing to sell the real estate along with the practice. In addition, there is additional space on one side of the building for expansion purposes.
Following the sale of the practice, the owner is willing to work back part time to perform oral surgery procedures.