Licensed professionals remotely oversee medication management and diagnosis innovatively through leading edge Telepsychiatry. Treating mental health conditions such as Bipolar Disorder, Depression, Anxiety and ADHD. Patients visit the Kearney office and remotely communicate with Practitioners. Growth in sales from $203,034 in 2013 to $244,691 in 2014 was an increase of 20%! The payer mix consists of 33% specific to the Region, 21% Magellan, 13% Blue Cross Blue Shield and the remaining 33% is a compilation of various other insurance providers, incentive programs and private payers.
The State of Nebraska passed legislation in September 2015 that enables out of state Nurse Practitioners to treat patients in Nebraska without a collaborating agreement as long as they have a Nebraska APRN license. This simplified process now only takes a few days. This now can solve the acute and chronic care shortage in Nebraska with huge potential for this business.
Services are currently provided in Kearney, Grand Island, Hastings and surrounding areas. There are Government incentive programs within 13 counties in Nebraska that services can be provided in which enables growth opportunity. Services are scalable to new markets and states. On average 60 patients are seen on a weekly basis and approximately 250 per month. Patient demographics range from 8 to 65 years of age, majority being in their 20’s and 30’s with an average 20% children.
Current owner runs the business remotely and is one of the two Nurse Practitioners that currently only see patients three days a week. New owner does not need to be local or a licensed Psychiatrist. New owner needs to be familiar with insurance and billing as well as be able to manage and negotiate. Earn a 102% return on your 20% down payment in year one!
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