Transaction Update: Medical Practice Sale Tulare County California

JUST SOLD: Outright acquisition of an Internal Medicine Practice for Sale in Central California, Tulare County. Highly profitable solo practice with annual collections of ~$740,000+ with net income in excess of $520,000. Providing multi-site care in outpatient, inpatient, and skilled nursing care facilities. Ample medical office space in a newer-built professional medical building with convenient access to a nearby regional hospital. Payor mix well distributed between Medicare, PPO, and HMO insurance. Qualifying for increased HPSA designated regional area reimbursements with quarterly 10% Medicare incentive bonus. 100% medical practice financing was secured for this transaction.

Electronic Medical Records and Meaningful Use: Upcoming Event

Health care administration event coming up: Health Care Executives of Southern California is hosting an event entitled Electronic Medical Records, 21st Century Healthcare's Essential Tool. Event will be at California State University Long Beach on June 16, 2011 at 5:30 PM - 7:30 PM, CSU Long Beach - Pyramid Annex, 1250 Bellflower Blvd., Long Beach, CA 90850. Should be an excellent presentation given the increased important of Electronic Health Records and meaningful use requirements for Medicare reimbursement.