What Should You Know About A Non-Emergency Medical Transportation Business Start-Up?
The non-emergency medical transportation business is flourishing today, owing to the increasing dependence of people on medical services. These businesses provide transportation services to help people get to their pre-scheduled healthcare and other medical appointments, including doctor visits for regular checkups, rehab, clinical testing, follow-up exams, and more such appointments.
The substantial reason for the success of this business is the demand of people with medical issues and disabilities for safe and reliable public transport. People who have no one to rely on to fulfill their transportation needs for medical purposes rely on these transportation services. Some of these people don’t have cars or access to public transportation. This list also includes people who cannot always afford to hire a taxi to visit healthcare institutions.
People are becoming more aware of their health by the day, leading to increasing demand for healthcare services. It further paves the way for a lucrative business opportunity in non-emergency medical transportation services. The general population who depends on these services includes elderly and disabled patients. There simply aren’t many public vehicles with accessibility amenities for people with special needs. It gives NEMT services an edge over regular transportation services.
Here are some essential factors of a non-emergency medical transportation business start-up:
While the non-emergency medical transportation industry is still in its initial phases, and there are no specified standards for staff certification, you would still want your staff to be trained and certified for the job. There are no formal guidelines for the NEMT industry as a whole, but each state has its own set of rules and regulations that all business owners in this niche should know about. Your staff should have the proper training for the job that includes training in basic medical emergency care, including CPR, defibrillator operation, vitals assessment, and more such life-saving techniques. Since the industry has the potential to be successful in the years to come, the certification for staff will get mandatory.
While the certification of the staff isn’t a requirement for this start-up business yet, vehicle licensing is the primary element. So, you should double-check the requirements for licensing with your local bureau of motor vehicles. Make sure that you understand and comply with the standards set for medical transportation.
Insurance is another significant element for NEMT business, owing to the inherent risk of driving, including unfortunate circumstances such as traffic accidents or health-related events while en route to the medical institution.
The insurance coverage for non-emergency medical transportation services is based on a two-part formula which includes coverage for the individual driver and coverage for the company in general. It is essential to anticipate the risk and liabilities of this business without the insurance cover to ensure that being underinsured doesn’t bankrupt your company.
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