Post by Michael Shabkie NREMT, EMD, CTS

Attention NEMT Owners: You cannot buy oranges for $1.00, sell them for $0.50, and expect to make it up on volume. The same principle applies to your NEMT business. If your rates don’t cover your operating costs, every trip you complete may be increasing your losses—not your profits. Growth without profitability is not a strategy. Before focusing on more trips, focus on understanding your costs, pricing your services appropriately, and building a sustainable operation. More volume only helps when each ride is profitable. Check out this informative article and graphic by James O'Donnell. #NEMT #TransportationBusiness #BusinessStrategy #HealthcareTransportation #SmallBusiness