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Non emergency medical transportation But now that we're talking about profitability, let's really start to talk about making money!
Private-Pay Clients: These are clients that typically pay "out of pocket" for transportation to and from their medical appointments. 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. For them, pursing other sources of revenue is simply not worth their time. They're simply too busy cultivating their Private-Pay clients!
Medicaid/Brokers: Talk about FREE healthcare?! Medicaid recipients not only receive FREE medical benefits but, according to Article 1915 of the Social Security Act, recipients also get FREE transportation to and from their medical appointments!
But the good news for you, the transportation provider, is that with Medicaid, depending on your State, you can generate some seriously BIG reimbursement checks that you'll love receiving in the mail…like clockwork!
And similar to Private-Pay transportation providers, there are some NEMT providers that ONLY service Medicaid clients! Why? Because in some counties, the reimbursement rates are just that high!
Workers Compensation Insurance: This reimbursement is for transporting people hurt "on the job" who need to get to and from physical therapy and related medical appointments. 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. They provide you with Emergency Room discharges, general discharges, transportation to and from different treatment facilities and doctor offices, dialysis centers, courier and delivery transportation opportunities, and so much more.
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. 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. Appointments are arranged every other day and typically last between 3-4 hours. You'll be able to plan and count on these transports and reimbursements like clockwork!
Students:
Rest assured Non-emergency Medical Transportation is not just for the elderly! There are students of all ages that need your assistance. 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!
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