Profile
Low overhead, high margin business provides mental health services to nursing homes, VA hospital, and to clients at a Licensed Outpatient Facility. Comprehensive services provided include evaluation, diagnosis, treatment plans, medication management, medical services, counseling services and marriage and family counseling.
In business since June 2002, and providing services to nursing homes throughout Tennessee. Contracts are established with clients, and all services are provided through contract employees.
Sources for payment of services include private insurance, Medicare, Medicaid, TennCare and private payments from clients. Compensation to contract workers is made after payment for services is received.
Assets
Assets
1250 sq. ft. facility contains business offices and facilities for client services. The office is currently on a month-to-month rental at a rate of $1000/month. The business offices include all furnishings, phones, computers and decor (except personal items of current owners). An exam table, EKG and Oxygen station are included.
Details
Owners state that the company has an excellent reputation with nursing homes and in the community, resulting in maintaining current clients and acquiring new clients. There are few competitors providing this service, and they continue to receive inquiries for services from new clients. There is currently no active advertising or marketing campaign, and these have been utilized in the past.
The owners believe the business could be expanded significantly by a new owner through hiring more contract service providers to grow the existing service area, and by developing relationships through expanded services area in Tennessee. This model may be considered in other states.
Currently servicing ~21 nursing homes. According to the TN Department of Health website, there are 320 licensed nursing homes with 36,882 beds in TN.
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