• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Promotivia

Ideas. Innovation. Excellence.

  • Home
  • Topics
    • Family
    • Furniture
    • Health
    • Education
    • Pet Care
    • Construction
    • Marketing
    • Technology
    • Transportation
  • Ask a Question
  • Contact Us

Why Paratransit Businesses Are in High Demand

Last updated on August 7, 2011 by Sozo Staff

Few industries can boast true economic immunity, but the health care sector seems to be an exception. A recent explosion in health care demand is making paratransit, ambulance, and non-emergency medical transportation businesses especially lucrative fields – and demand shows no signs of slowing.

The Baby Boomer Effect

As the first wave of baby boomers begins to retire, they are also experiencing an increasing need for medical attention. Over the next couple of decades, the health care industry will absorb the needs of 78 million rapidly aging boomers. As medical technology increases, this group of elderly people will live longer – and have more options for medical care – than any other generation in past history. From emergency treatment for bone fractures and heart attacks to the need for routine procedures like medical diagnostics and doctor appointments, this aging generation will need frequent transportation to hospitals and medical offices. Savvy medical transportation businesses will be prepared to provide this.

New Technologies

In most industries, advancing technology lowers costs for the consumer. It’s just the opposite in the non-emergency medical transportation business. In spite of ongoing economic woes, national healthcare spending rose to more than 17 percent of the GDP in 2009, according to Medicare actuaries. That’s up from just 9 percent of GDP in 1980. As medical innovations bring about new treatments, diagnostic tools, and powerful medicines (intended to prevent diseases, treat chronic conditions, and extend lives), consumers of all ages will inevitably spend more on non-emergency health care. Despite the President Obama health care reform, Americans are still choosing to pay $363 billion annually for out-of-pocket costs such as ambulance services, according to a report by the Deloitte Center for Health Solutions. That comes out to approximately $1,355 per person.

Death, Taxes, and the Doctor

Like death and taxes, injuries and illness are an unfortunate but inescapable part of life no matter what our age. Trends, technology, and even government regulations will change, but the need for medical care will not. Unlike most areas of the health care industry, buying a medical transportation company doesn’t require medical skill or training. For an investment to be successful, however, it helps to have a strong business sense and a desire to learn. It also helps to verify the company you are buying has potential for profit. With some careful research and an independent business valuation, it’s possible to enter one of those rare industries that may pay off during good and bad economic times.

Filed Under: Transportation

Additional Articles

Are Car DVD Players a Distraction to the Driver?

Primary Sidebar

Jackrabbit Class Software

Popular Articles

  • Expandable Children's Furniture at The Bedroom Source
  • African Mahogany Lumber vs Genuine Mahogany Lumber
  • The City Way: Taking Your Child’s Bed to the Next Level with Maxtrix!
  • Perfect Furniture for a Boy's Bedroom, Pt 1
  • Perfect Furniture for a Boy's Bedroom, Pt 2
  • How Do You Treat Reactive Attachment Disorder?
  • Ultra-Budget-Friendly Swimming Pool Upgrades
  • Why Sleep Is Important for Young Athletes
  • Why Parents Love Jackrabbit Class Management Software
Swimming pools

Recent Articles

  • Good News: These Three Problems Aren’t RWIs
  • Nuts & Bolts of Priority Enrollment for Your Swim School
  • The Sun, Your Swimming Pool & Your Skin, Part 4
  • The Sun, Your Swimming Pool & Your Skin, Part 3
  • The Sun, Your Swimming Pool & Your Skin, Part 2
  • The Sun, Your Swimming Pool & Your Skin, Part 1
  • Teaching Your Child To Swim: The Four Basic Strokes, Part 4
  • Teaching Your Child To Swim: The Four Basic Strokes, Part 3
  • X10 XX62A Outdoor Wireless Camera Offers Accuracy & Convenience, Part 2
  • X10 XX62A Outdoor Wireless Camera Offers Accuracy & Convenience, Part 1
Home automation with X10

Recent Comments

  • Aika on Can Bedroom Furniture Help Your Child’s Mood & Academic Performance?
  • WAYNE Prokosch on It’s an Ipe Thing
  • Amanda Drew on The Wood Drying Process
  • Hannah on Quality Western Redcedar Lumber
  • Hannah on Is Ipe Decking Lumber Right for You?
  • Sheryl on Quality Western Redcedar Lumber

Copyright © 2021 Sozo Firm Inc · Privacy Policy · Disclaimer · Sitemap