Overview
The 3,000 ambulance service companies in the US provide ground or air transportation for patients in need of medical care. Companies typically have contracts with communities and government agencies to provide 911 emergency transports. While the majority of services are provided during emergency situations, ambulances may also be used for non-emergency transport.
Dependence on Third Party Reimbursement
Ambulance service companies provide services to patients, but receive the majority of payments from a variety of third parties, including government organizations, insurers, and managed care organizations.
Risk of Malpractice
Because ambulance service providers provide urgent medical care, companies are exposed to the risk of malpractice.
Industry Financial Benchmarks
Here are typical financial statements for ambulance services.
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