Our client is looking for 50 locations, in various markets, to conduct Pain Baseline Testing to collect data to position the Pain Baseline technology and equipment for sale to Private Equity buyers who have expressed interest. The participating locations will earn between $20,000 - $50,000 (or more) per month as well as a percentage of the private equity sale which should equal a lump sum payment of $480,000 or more at close. The participating locations will also have the value of their practice determined both pre and post-acquisition of the Pain Baseline modality. HPS will conduct the valuations and will prepare the practice profiles. The participating practices will be positioned for sale (if desired) and can achieve multiples equivalent to 3x gross collections (or higher) if they have interest in selling. Selling the practice is not mandatory.
Pain Baseline testing is a series of non-invasive tests that create a “snapshot” of the patient’s pain level at the time of the test. The “snapshot” or baseline can be used to measure the effectiveness of treatment protocols moving forward and subsequent tests are recommended to measure effectiveness of the treatments prescribed. The testing series has an impressive track record with over 15 years of testing and reimbursement history. The 25 minute testing series has an average reimbursement of between $500- $700 and the reimbursement figures have remained steady for over 15 years.
Private Equity is interested in the Pain Baseline component but the data gathered from the testing
series has significant value including:
1. The tests save patient lives and preserve or improve quality of life.
2. The tests reduce emergency room visits and prolong the ability of the patient to live
independently
3. The tests reduce payer costs because they minimize the occurrence of unpredictable instances
4. The tests improve patient care through their objectivity and their ability to show patients their
progress
5. The tests allow for a simple template across many Providers including new ones or less
experienced
6. The tests have a tracking system over time to justify care process.
7. The tests reduce malpractice liability should patient pass or become hindered by any means.
8. The tests objectively analyze how core services are affecting patients.
9. The tests allow providers to work less with greater revenues generated by more junior staff
10. The tests generate high net income now and do not require prior insurance authorization of
benefits to perform
11. The tests dramatically increase value of practice because of large net margins.
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