Are you new or stranger to NEMT and consider investing in
this business? If that is the case, you are getting the right step and you are
in the right direction!
Non-emergency medical transportation is essential for
elderly people, the handicapped, and other underprivileged people. People
related to the field of healthcare forecast a significant increase among these
categories of the community, but the number has already substantially increased
during the Covid-19 pandemic that in turn has increased the need and demand for
both emergency and non-emergency medical transportation service providers. For
that reason, investing in NEMT is a good idea and a great decision.
It is to tell you that, NEMT business has nothing to do
with the economy whether it grows or not hence making it recession-proof,
because the patients must get to and from their healthcare appointments. We can
surely say that this type of service is needed all the time. And the demand for
it has increased like never before during the pandemic. In this piece of
writing, we are going to provide you with information that you need regarding
the profit of NEMT business.
Let start with what NEMT is. Well, NEMT stands for
non-emergency medical transportation. It is a healthcare business concerned
with assisting people with specific requirements to get to and from hospital
and nursing facilities, ambulatory/mobile and usual medical consultation,
pharmacies, rehabilitation, physiotherapies, dialysis, serious and risky
treatment centers, and more. NEMT wagons enable easy wheelchair or stretcher
access, and they must have an elevating ramp. Moreover, drivers need to be able
and certified to help their passengers effectively.
Let me tell you who can be a NEMT passenger. Well, any a person who doesn’t have reach to mass transit, or cannot drive because of
mental or physical conditions. For example, handicapped students go to and
from school, live in the countryside, and cannot get to and from
healthcare facilities.
Besides, the Medicaid insurance policy includes NEMT
services for elders, aged adults living in the countryside, those with
short-term or permanent disabilities and health disorders, and other low-income/underprivileged
people.
NEMT drivers pick up patients or passengers, offer help
throughout a trip, and return them to home if needed. Any type of public
transportation cannot provide such a level of hands-on service like NEMT companies. This is the reason they are of great value in contemporary
society.
It is to tell you that becoming a NEMT provider is not that
complicated as you might think. While rules differ from state to state, you may
check requirements, terms, and conditions in the regional department of driver
service and the health care services department. Moreover, you need to make
sure that drivers are properly trained and qualified to help handicapped
individuals, be aware of different help and support methods and know what to do
in an emergency or critical circumstances. Be sure you prepare legal documents
adequately. To arise business and get going, you need to come to terms with
various certificates, permits, and NEMT licenses.
Is NEMT business in the USA worthwhile and moneymaking? What
is the rate of return or profit for NEMT business in the USA per month? These
are the most frequently asked questions by those who have decided to open the
NEMT business in the USA. Continue reading because we have answered all of these
questions.
Well, talking about NEMT rates, we have to comprehend that multiple factors shape the rates of returns. Here are a few factors that have an impact on NEMT rates:
·
Nature of the patient disease
·
Place and means of transport
·
Aid needed
·
Hours of the day
·
Distance traveled
Furthermore, there are various types of reimbursements. For
example; service contracts, employment injury benefits, pay agreed upon, private
pay, social security, Medicaid, and ex-servicemen administration.
All things considered, anyone who operates a NEMT business
in the USA can be able to make between 50,000$ and 70,000$ annually. So, this
is the average rate of return or profit for NEMT business in the USA per annum.
Fine, I am going to describe it in detail. The elderly
population of America is growing like never before. Those of the Baby Boom
Generation are approaching their senior years and this process will carry on
for many years in the future.
For we are now living longer than the usual life expectancies,
there has been extra pressure put upon the medical system and of course, there
is a pressing need for Non-Emergency Medical Transportation (NEMT) nowadays.
Since the older people live in their homes longer, they need a special type of
medical transportation specially designed and equipped for them and this is
where NEMT plays the role of best transportation for people with a
non-emergency medical condition. Some of these senior citizens have either lost
their driving advantage or maybe they cannot drive because of a medical
condition.
It is obvious
that for sure NEMT business in the USA is profitable. Besides a NEMT business,
if we talk about an individual, one can earn $30 and $60 per hour. Hence, one
can make $400 a weekly wage. Although a majority of the United States population
is vaccinated against Covid-19, in the United States, there is still a growing
demand and pressing need for NEMT like never before. Therefore, if you have
intended to open a high-in-demand NEMT business, you need our specially
developed all-in-one customizable software for the smooth, cost-effective, and
efficient operation of your new NEMT business. Call us at (623) 226-8966 and
talk to our salesmen regarding the demo and price.