CLAIMTEX SYSTEMS Franchise Startup Cost, Profit Margin, Revenue and Locations
ClaimTex systems is a company that combines Information Technology (IT) with healthcare to serve the public. By using the ever growing power of IT, ClaimTex has been able to improve the healthcare industry with services like revenue cycle management, medical billing software, and a full package of medical office automation to hospitals and clinics.
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The business style of ClaimTex systems is a unique one which cuts across two powerful industries; healthcare and information technology. As a result of the success with their ever increasing number of customers, ClaimTex systems has locations all over the world and they are still offering franchising opportunities to entrepreneurs out there.
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If you are interested in being a part of it, read on with great focus as I am going to expose more about the company and explain the requirements of being part of ClaimTex systems franchise.
ABOUT CLAIMTEX SYSTEMS FRANCHISE
ClaimTex systems was founded in January 1993 by Kyle Farhat. Noticing that the medical field has so many health care plans, the founder of ClaimTex systems understood that there would be too much paperwork for the Doctors, nurses, and other health care workers.
Findings reveal that in just twenty-four hours, a shocking number of documentation would have been generated in healthcare centers! Thanks to the overwhelming workload, these documentations are prone to human errors which cause imbalances or delays in payments. This is why the entire healthcare industry needs a medical billing software like what ClaimTex systems offers.
With the ease they have given to health workers everywhere, the aim of starting the ClaimTex systems company which was to be the one of the leading agencies in medical billing has not only been met, it has been greatly surpassed.
Health care providers all over the world have praised the services rendered by ClaimTex systems company and the number of branches continue to increase.
ClaimTex systems started franchising in the year 1994, the services that generate income for ClaimTex systems are Electronic Funds Transfer (EFT), electronic medical billing, digital scanning of medical records, well-care services, practice management services, and Remote Data Backup Services (RBS).
As an entrepreneur with an eye for a lucrative venture, you ought to know by now that franchising with ClaimTex systems will be the best thing you ever do as an entrepreneur. The cost of starting it is not huge and the business itself is independent of economic recession because medical billing involves the medical and IT industries, which happen to be the two top industries that always outperform each other.
Also, the baby boomers are ageing and require proper health care service to live well and they only go for the best. With this, I know you have already decided to be part of the rich medical billing industry, and for you to operate successfully, ClaimTex systems franchise offers you the best professional resources you need to go about the business.
I will elaborate on all the requirements and fees you must have before applying to own a franchise with ClaimTex systems, as well as the trainings, support and other perks that come with being part of the company.
HOW MUCH DOES A CLAIMTEX SYSTEMS FRANCHISE COST?
You are expected to have a minimum liquid capital of $40,000 along with other financial requirements.
CLAIMTEX SYSTEMS FRANCHISE FEE
You will be required to pay a franchise fee of $10,000 to be a franchisee with ClaimTex systems. For veterans, there is a ten percent discount.
CLAIMTEX SYSTEMS FRANCHISE START-UP COST
To start up as a franchisee with ClaimTex systems franchise, the amount ranges from $20,000 to $40,000. There is also a minimum net worth you must have to quality as a franchisee of ClaimTex systems, the amount is $50,000, excluding your liabilities.
CLAIMTEX SYSTEMS FRANCHISE TRAINING AND SUPPORT
ClaimTex systems franchise wants to see your business succeed, this is why they have one of the best support system and extensive training sessions for franchisees. The company has a rich support plan for you and it looks like this;
- Training on all aspects of medical billing business will be held at the headquarters
- Qualified ClaimTex professionals will be at your site of business to give more training.
- You will be given powerful marketing, advertising, and selling tools to reach out to health care providers.
- A comprehensive ongoing support system is assured for your business
CLAIMTEX SYSTEMS FRANCHISE TERMS OF AGREEMENT AND RENEWAL
There is an initial agreement which has a ten years’ validity. Upon expiration of this agreement, you have a right to renew it every five years.
HOW MUCH DOES A CLAIMTEX SYSTEMS FRANCHISEE MAKE?
The amount is not published; you have to see the Franchise Disclosure Document (FDD). You should know that the amount of profit you make is heavily dependent on patronage and your location, as well as how you harness the rich support program ClaimTex systems provides you.
HOW TO START A CLAIMTEX SYSTEMS FRANCHISE?
To begin, visit this website http://www.claimtek.com/ContactUs.aspx fill the form and wait for a reply from ClaimTex. ClaimTex systems has over 950 operating units, and is headquartered at IRVINE, CA.