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Dear Fellow Entrepreneur,
Welcome to the Non-Emergency Medical Transportation Enterprise, an enterprise that’s really rising by the day. How do I do know? On account of the aged inhabitants is definitely inside the technique of doubling and the medical enterprise is experiencing huge change.
Further, I do know because of I started my first agency, a NEMT enterprise in 1999. Since then, I’ve help and untold number of transportation suppliers and entrepreneurs from all all through the nation to develop, assemble, improve and diversify their NEMT corporations.
So what’s Non-Emergency Medical Transportation (NEMT)?
Additionally known as an ambulette service, NEMT is the transportation of people in wheelchairs, stretchers or these ambulatory who need assist.
Do NOT be confused: That’s NOT an ambulance service! That’s strictly non-emergency transportation. You do NOT need any form of explicit life-saving experience, teaching or instruments!
Alongside along with your NEMT service, you will transport people to and from medical appointments, in and out of hospitals, nursing companies, or from residences to diverse medical appointments.
And proper right here’s the absolute best half…
Your two space of curiosity markets, the medical enterprise and the aged inhabitants, are normally not merely rising, they’re exponentially booming!
The aged inhabitants is the quickest rising space of curiosity market on this planet – and it’s solely getting bigger! By the yr 2030, the US aged inhabitants could have doubled, reaching in further of 70 million!
The US effectively being care enterprise is probably going one of many world’s largest and quickest rising industries! By the yr 2016, the growth of the US medical enterprise could have consumed just about 20% of our GDP!
Now severely, if you’ve obtained any form of keen enterprise sense then these two statistics, the growth of the aged inhabitants and that of the medical enterprise, have gotten to excite you and purchase your curiosity!
Nevertheless let’s discuss in further component why starting a NEMT enterprise is such an superior funding for formidable, motivated entrepreneurs.
For starters, not usually do entrepreneurs contemplate this form of enterprise when in quest of a enterprise various. Considerably, all people is focused on the get-rich-quick schemes and no money down pie-in-the-sky targets of riches.
Considerably, when was the ultimate time you heard anyone say “I really feel I’m going start a NEMT enterprise?” The actual fact of the matter is you almost certainly haven’t. Nevertheless you almost certainly know anyone, if not even your self, that has started some form of “no money down” precise property gig or one other on-line pie-in-the-sky dream.
So realistically, we’re talking a few enterprise various for which (1) your purpose market is booming, rising ahead of any precise property market or another market, and (2) not all people is conscious of about, to not point out considers, when attempting to spend cash on a model new enterprise.
That’s further an superior various is because of it is a service-based enterprise. There usually are not any merchandise to buy, retailer, ship or promote.
And when you adjust to my strategies for achievement, people shall be in quest of you. They’re going to be in quest of your small enterprise to meet the needs of their favored one.
Within the occasion you set collectively and performance your small enterprise accurately, purchasers shall be on the lookout for your service as an alternative of you having to repeatedly uncover, chase and solicit purchasers!
As I did, and so many others, you probably can really start your NEMT enterprise out of your entrance room desk, your individual house office or storage. You may journey into your neighborhood to meet the needs of your purchasers. You don’t desire a high-priced fancy office or an elaborate retailer entrance to encourage enterprise.
Give it some thought. What’s cheaper or extra economical? Spend cash on a car that goes out into and meets the needs of your neighborhood or spend cash on precise property for a retail enterprise, franchise, or one other typical enterprise thought?
And as soon as you start a enterprise from dwelling, it undoubtedly limits your overhead payments which end in a BIGGER bottom line and profitability!
Now that we’re talking about profitability, let’s really start to discuss being worthwhile!
These are purchasers who normally pay “out of pocket” for transportation to and from medical appointments. This shall be a extraordinarily worthwhile revenue for you.
There are many transportation suppliers who ONLY transport Personal-Pay Customers because of the higher prices of reimbursement. For them, pursing completely different sources of revenue is simply not worth their time. They’re simply too busy cultivating their Personal-Pay purchasers.
Focus on FREE healthcare?! Medicaid recipients not solely acquire FREE medical benefits nonetheless, consistent with Article 1915 of the Social Security Act, recipients moreover get FREE transportation to and from their medical appointments!
Nevertheless the good news for you, the transportation provider, with Medicaid, relying in your State, you probably can generate some important reimbursement checks that you’re going to love receiving inside the mail – like clockwork!
Very like Personal-Pay, there are some NEMT suppliers who ONLY service Medicaid purchasers. Why? On account of in the event that they’ve negotiated an excellent contract with the Supplier the reimbursement prices are worthwhile.
|Workers Compensation Insurance coverage protection:
This reimbursement is for transporting people injury “on the job” who need to get to and from bodily treatment and related medical appointments. Workers Comp is probably going one of many few varieties of insurance coverage protection that reimburses for NEMT and could be an superior revenue that moreover pays terribly correctly.
As soon as extra, some transportation suppliers ONLY cater to Workers Comp because of the reimbursements are merely that worthwhile! Workers Comp is an outstanding various.
Take into consideration how worthwhile your small enterprise could be when you could have a Personal-Pay, Medicaid, and Workers Comp purchasers. The possibilities are limitless!
Hospitals are an superior various to your small enterprise. They supply all types of NEMT options. They provide Emergency Room discharges and “Primary” hospital discharges. Their inpatients require transportation to and from completely completely different treatment companies, doctor locations of labor, dialysis services, and completely different locations of labor outdoor the hospital.
Hospitals moreover require a considerable quantity of provide and courier corporations. Bottom line, hospitals are an superior provide for which to secure contracts and repeat enterprise. They’re ALWAYS in need of transportation!
Nursing properties and unbiased residing companies are a “staple” for the NEMT enterprise. Why? On account of they really take care of one among your most important space of curiosity markets – the aged inhabitants!
Like hospitals, nursing companies may give you some wonderful transportation options. You may transport residents to widespread medical appointments, dialysis therapies, bodily treatment and additional. You probably may even confederate with the Actions Departments to maneuver huge numbers of residents for explicit events.
|Dialysis Coronary heart:
There’s more than likely no completely different revenue that is further predictable and safe than dialysis purchasers. I focus on with them as a result of the “Golden Grail” because of they’re fixed money-makers.
Generally, most dialysis victims ought to go to dialysis three instances each week – and these medical appointments are compulsory! Subsequently, one among many reason the NEMT enterprise IS recession-proof. It doesn’t matter what the local weather is, dialysis victims ought to get their treatment.
Whether or not or not Personal-Pay or Medicaid, dialysis victims are always worthwhile. They supply amount and regularity. Appointments are organized every completely different day and normally remaining between Three-4 hours. It’s potential so that you can to plan and depend on these transports and reimbursements like clockwork.
School college students:
Leisure assured Non-emergency Medical Transportation is not only for the aged. There are faculty college students of all ages that need your assist. Did you ever stop to ponder how disabled faculty college students get to and from faculty if they’re going to’t journey a typical faculty bus? School districts need you!
With a NEMT enterprise, you probably can really contract with faculty districts and diverse not-for-profit organizations to maneuver faculty college students of all ages.