Provide A Service For The Community: How To Start A Non-Emergency Medical Transport Company
Posted on: 28 May 2019
If you want to open a business but you want to make sure that you're able to serve the community, you need to open a non-emergency medical transport company, or NEMT. Non-emergency medical transport companies pick up where emergency transports leave off. There may be times when individuals need to get to their doctor's appointments or when they have medical conditions that make it impossible to ride public transportation. That's where non-emergency medical transport companies come in handy. Learn more about starting a medical transportation company by reading on.
Give Yourself Room to Grow
When it comes to opening a non-emergency medical transport company, you want to start small. That way, you give yourself the opportunity to grow into your business. Start with one van and one driver. Once you get your name out into the community, you'll work your way up to a larger operation.
Have a Working Budget
If you're going to open a non-emergency medical transport company, you'll need to have a working budget. Of course, you'll need the company vehicle, but there are other expenses you'll need to take into consideration. Some of the expenses you'll need to budget for will include vehicle insurance, maintenance and repairs, business permits and licenses, fuel, and office supplies. Failure to have a working budget before you take your first passenger could put you out of business before you have a chance to get off the ground.
Create the Right Fee Schedule
In addition to the working budget, you'll also need to create the right fee schedule. You don't want to price your services so high that you do yourself out of the competition. However, you also don't want to price your services so low that you fail to make a profit. The best way to determine a proper fee schedule is to consider your expenses and conduct market research to identify what other companies are charging for comparable services. Once you know your budget and what other companies are charging, you'll be able to generate a fair fee schedule for your new company.
Take Steps to Ensure Name Recognition
If you're opening your business in a crowded market, meaning there are multiple non-emergency medical transport companies in your community, you need to take steps to ensure name recognition. One way to do that is to make sure your company transport vehicle stands out in a crowd. A custom vehicle wrap will help you get the word out. Offering free rides for caregivers who are traveling with those who require transportation is another way to ensure name recognition.
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