April 6, 2009

NEMT Business Opportunities

What is non-emergency medical transportation? It "involves getting a patient to and from the source of medical care when the conditions are not life threatening." The client may need to take the trip in a wheelchair, stretcher, or be ambulatory.

How do ambulette service providers make money? These services are paid for by clients directly, or by third parties such as State Medicaid, Worker's Compensation, or Veterans Affairs.

What is the potential of this industry? The segment of the population (65+) that uses NEMT the most will grow at a rate of 2.8% annually between 2010 and 2030. As well, the trend toward more cost effective Health Care means increased reliance on NEMT -"Procedures that once were performed only on an inpatient basis are increasingly performed in a variety of outpatient care settings."
Interview with Dr. Richard Terry for more information.

How can entrepreneurs take advantage of this opportunity?

What next?

I have lots of resources available on this website to help you get started: Entrepreneur Interviews, Industry Resource Links, Service Provider Profiles, and Service Provider Database. Finally, below is a list of all blog posts that deal specifically with starting a NEMT company:

- Interview with Robert Hall of Basic Life Support, Arizona.
- Interview with Carlos Banks of The Wheelchair Taxi, North Carolina

Find more blog posts and directory pages that deal primarily with non-emergency medical transportation on the NEMT Index.

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