Do you want to know how much it cost to open a non emergency medical transport business? If YES, here is a cost analysis for starting a non-emergency medical transport company. Starting a business is not easy. It would require your time, strength, and most importantly, your money. So before you think about starting any kind of business, you have to make sure that you have the money to carry it out, or you will be able to get the money. This same thing applies to the non-emergency medical transportation business. There are a lot of things to keep in mind when starting this business, and if you do not take proper cognizance of these things, you could end up starting a project that you cannot properly set up, or it might take you long before you get a foothold in the business.
How much does it cost to start a NEMT business?
How much does it cost to start a non-medical transportation business? According to one source, starting an NEMT business in the US costs, on average, $350,000. The following expenses make up that total and may vary from state to state: The cost of acquiring an ambulette
Ambulettes are non-emergency wheelchair vans which are typically used by businesses and facilities to transport both ambulatory and wheelchair passengers. Ambulettes are the vehicle of choice for nursing homes, adult day care centers, hospitals, transport companies, medical transportation providers, EMS facilities, fire departments, group homes, facilities for the developmentally disabled, and for your business. But we have proven ways of cutting these costs down and helping you get started into the non emergency medical transportation industry!
Medical Transportation Van Costs
When starting this business, you should note that your biggest expense will be the vehicles you need to transport clients in wheelchairs or motor scooters. Numerous companies sell converted vans, both new and used. If you already own a suitable vehicle, you can have it converted for accessibility.
Access can be provided through a rear-load system or side-load system, depending on the vehicle and your own preference. Rear-ramp systems are less costly to implement, and they can start at around $13,000 and going up from there, while side-ramp conversions can cost you a few thousand more, and already-converted vehicles cost more again.
Types of NEMT Vehicle Costs
You might also opt for accessible buses, which offer the ability to carry more passengers at a time and therefore generate more revenue per trip. Even if you have substantial startup funds at your disposal, it is recommended that you lease or finance your vehicles or conversions rather than committing your capital to an outright purchase.