Non-emergency medical transportation, or NEMT, companies provide transportation to people who need specific services. These services include transport to medical appointments, dialysis, or other serious treatment centers. These services are especially helpful for people who cannot drive themselves. They are also essential to the aging population and underprivileged groups.
The growing elderly population is putting a significant strain on the medical system. As the Baby Boom Generation ages, many of them will be unable to drive themselves to healthcare facilities. NEMT services are crucial for these individuals.
During a pandemic, the availability of NEMT is particularly critical. With limited public transportation and paratransit services, the population is forced to use other means of transportation. Often, this means limiting the options for non-emergency care. As resources become scarce, people begin to isolate themselves.
The first step in starting a non-emergency medical transportation service is acquiring a business license. It is important to do some research to find out what the rules are in your state. Many states require a business license to operate a paratransit service. Typically, a paratransit service begins with one or two vans. It may eventually grow to a fleet of multiple vehicles.
The COVID-19 pandemic has changed the dynamics of the US health care value chain. It has shifted the profit pools across payers, providers, and services, triggering changes in business models and new partnerships. The crisis has also sparked increased application of technology and value-based care models.
In addition to the changing health care industry, the COVID-19 pandemic has changed the financial landscape for health insurers. The disease has resulted in rising costs and caseloads. This has led to significant decreases in operating income. As a result, health insurers were left with significant challenges in 2021 and beyond.