Make sure you understand the risks and liabilities so that being underinsured doesn’t bankrupt your company.Be sure to think through the associated medical supplies you’ll need for your passengers—wheelchairs, gurneys, oxygen tanks, dialysis machines, for example.
Whatever specific services you decide to offer, make sure to itemize them and communicate them clearly.
You want your customers to know what they’re getting, and you want to make it as easy as possible to be transparent about billing.
Beyond legal structure considerations, use a business plan template to help you make sure that you’ve thought through every aspect of your business.
Because driving patients has inherent risks—traffic accidents or health-related events while en route to medical facilities—adequate insurance is another critical aspect of starting a NEMT business.
When you’re putting together your business plan for your NEMT company, think through the possibilities around the evolution of the organization, and your expectations for growth.
Your attention to detail will encourage confidence in potential investors and help to secure financing for the best start possible.
If you’re thinking about starting a NEMT business, read on. The overall population of elderly and disabled patients is increasing.
Plus, as a result of the Affordable Care Act, more preventative and follow-up treatments are covered by health insurance plans.
If one link in the chain is broken, it has a direct impact on the other links.
Key company management must be aware of and recognize potential interruptions to business operations that can occur both in the short term and long-term.