The opportunities are wide and diverse! And hopefully, you're starting to see why a NEMT business IS recession-proof.
Transports after hours, on weekends and holidays, they always generate more money! So, are you starting to see the BIG picture yet? And trust me.
Workers Comp is one of the few forms of insurance that reimburses for NEMT and can be an awesome source of revenue that also pays extremely well! Again, some transportation providers ONLY cater to Workers Comp because the reimbursements are just that profitable! Workers Comp is a great opportunity! Now imagine how profitable your business can be when you have a Private-Pay clients, Medicaid, workers comp and more? The possibilities are limitless! Hospitals: Hospitals are awesome opportunity for your business because they offer a wide variety of NEMT opportunities.
Do I really have an opportunity?" Well, yes! You absolutely do! Let me tell you, if you have hospitals, nursing facilities, dialysis centers, doctor offices, and the like in your community then you instantly have opportunity! It's staring you in the face! Trust me, if you have competitors….they're NOT working for FREE! If your competitors are busy making money, the question begs, why aren't you? Why aren't you busy cutting a slice of the profitable pie? And think about this… The further the transport in terms of distance and time, the more money you'll make! And let me tell you from first hand experience.
Think of other businesses that are market dependent. Consider real estate for example. The real estate market has been in the tank and every business associated with this industry has been adversely affected in some capacity at some point in time! But with the NEMT industry, it doesn't matter what the economy is doing.
I'm just scratching the surface! There are so many other ways to make money in the NEMT industry as you'll continue to learn in my ebook and newsletter.
And because you're literally going to be helping people, you WILL become an asset within your community! You'll be helping clients, hospitals, nursing facilities, doctor offices, treatment centers and the [...].
When I started, I had NO prior NEMT experience…let alone ANY business experience! My NEMT business was my very first business! Remember, unlike an ambulance service you do NOT need any special life saving skills, equipment or training.
In time, you're going to have more time, money, and the ability to do whatever you want when you want! Remember, you're a service-based business.
Did you ever stop to consider, how do disabled students get to and from school if they can't ride a typical school bus? With a NEMT business, you can literally contract with school districts and different organizations to transport students of all ages! I'm often asked: "Joel, I have competitors in my area.
Hospitals are an awesome source for which to secure contracts and repeat business as they're ALWAYS in need of transportation! Nursing Facilities: Nursing homes and independent living facilities are a "staple" for this industry! Why? Because they literally care for one of your most important niche markets - the elderly population! Like hospitals, nursing facilities can provide you with some outstanding transportation opportunities! You will transport residents to general medical appointments, many regularly to dialysis treatments, and more.
When you follow my strategies, you're going to be able to do exactly as I did - start with one vehicle, follow a "controlled growth" strategy, and systematically build your business.
You can even partner with the Activities Departments to transport large numbers of residents for special events! Dialysis Center: There is probably no other source of revenue that is more predictable and stable than dialysis clients.
Typically, most dialysis patients have to go to dialysis three times a week. And these medical appointments are mandatory! Hence, one of many reasons why the NEMT industry IS recession-proof! Whether Private-Pay or Medicaid, dialysis patients are always profitable because they offer volume and regularity.
This will be a highly profitable source of revenue for you! There are many transportation providers who ONLY transport Private-Pay Clients because of the higher rates of reimbursement.
You don't need a fancy degree or even prior experience to start and be successful in the NEMT industry.