When you start to offer rides to seniors to various appointments, or even to the pharmacy, you are that much closer to having a non-emergency medical transportation business. It is a rewarding business opportunity that provides a valuable link to many seniors. There are seniors who no longer drive a vehicle and this type of transportation service would come in handy for a trip to pick up groceries, a visit with a friend or to attend church or a movie. The best part is that you can earn extra income just by providing this service. You can look at it as a taxi service aimed primarily at seniors. But you do need to have a few things in place before you can launch your non-emergency medical transportation business.
Operating a medical transportation business
Even though NEMT businesses are lucrative business ventures, it can be hard to figure out how to start one because the process differs from state to state. It takes time for state health departments to provide you with all the information you need, and competing NEMT businesses may be unwilling to share any details with you. If you’re thinking of starting a NEMT business, you might need some help figuring out what to do. Here are some factors to note.
You will have to decide the legal status of your business. This will be how the taxing authorities will look at your service and will tax it accordingly. Your choices are proprietorship, partnership or LLC. Each has advantages and disadvantages and one will be the right fit for your business now, but you will have to imagine your business in the future and beyond and operate it under the correct legal structure. Online resources, such as nolo.com, can help you decide what’s best for you.
Starting your own NEMT Business
When you start to offer rides to seniors to various appointments, or even to the pharmacy, you are that much closer to having a non-emergency medical transportation business. It is a rewarding business opportunity that provides a valuable link to many seniors. There are seniors who no longer drive a vehicle and this type of transportation service would come in handy for a trip to pick up groceries, a visit with a friend or to attend church or a movie. The best part is that you can earn extra income just by providing this service. You can look at it as a taxi service aimed primarily at seniors. But you do need to have a few things in place before you can launch your non-emergency medical transportation business.