Businessman and former attorney Jay Ankur Bansal has made a name for himself in the real estate, gas station, and convenience store ownership landscape over the last 15 years. His projects expand across cities such as Phoenix, Houston, and Austin. Although he has made a mark in the local business world, Jay Bansal has also had a positive impact on the healthcare industry. As the CFO of iMed Transport and Founder of Midwest Medical Services, LLC, Jay A. Bansal discusses his contributions to the healthcare industry.
One of Jay A. Bansal’s healthcare businesses is iMed Transport – a cloud-based medical software designed to make the transportation of patients more convenient. Jay Ankur Bansal explains that iMed is easy to use, and anyone can access it via a mobile device or computer. Using the software, users can submit documentation electronically and request transportation to a healthcare center. He explains that the purpose of this software is to link ambulances with healthcare providers to facilitate the transportation process. One of the main ideas behind iMed is the facilitation of live tracking, which can give health providers an accurate location of the patient.
Jay A. Bansal’s other company, Midwest Medical Services, LLC, has provided over $10 million in medical funding since its formation. Midwest Medical Services is a lien finance company that helps provide medical services for patients who have been injured in an accident and do not have health insurance. Midwest Medical Services waits until the case settles, and patients never have to pay anything out of pocket, regardless of the outcome.
According to Jay A. Bansal, many clients are hesitant to get the care they require due to the high out of pocket cost of medical care. Without the resources to pay for their medical care, they do not get the necessary treatment and cannot adequately present their injury claims. Midwest Medical connects people from all over the country who otherwise would not know who to turn to with choice physicians and healthcare providers. Jay A. Bansal and Midwest Medical have partnered with a wide network of primary care doctors, chiropractors, MRI facilities, physical therapists, orthopedic surgeons, neurosurgeons, plastic surgeons, and surgery centers to bring the best care to their clients.
After leaving his law practice, Jay Ankur Bansal focused on developing and growing his businesses. Today, his extensive portfolio makes him one of the entrepreneurs to watch out for in the area. When he’s not growing his companies, Jay Ankur Bansal and his wife of 25 years, Rajani Bansal also plays an active role in the community by donating to worthy causes.
The collaboration between Ashford Communities and Jay A. Bansal has already made it possible for them to bring affordable multi-family properties to Houston. Due to the successful collaboration with Ashford, Jay Ankur Bansal and his team expanded to Austin, TX. They recently closed on the sale of two multi-family complexes, and one of them is Creekwood Village.
Creekwood Village is a multi-family complex located in the Coronado Hills neighborhood of Northeast Austin. Jay Ankur Bansal and his team chose this location because the community has a reputation for being family-friendly, quiet, suburban, and easy to get to via highways. Families prefer this neighborhood because it’s quiet and doesn’t have a lot of nightlife. There are plenty of restaurants and decent shopping in the area. This neighborhood is also known for well-maintained streets, good-size homes, and reasonable prices.
The population of this neighborhood is about 3,623 and has a diverse mix of people. Because of its proximity to highways, this neighborhood is quite accessible. The easy access by highway makes it easy for working individuals to commute to other parts of the city. Even though residents of this neighborhood have to travel to other areas of the city to enjoy the nightlife, they have a lot of restaurants at their fingertips. Creekwood Village is home to Tex-Mex restaurants, Cajun, Chinese, Korean BBQ, and many more.
Creekwood Village complex offers 96 units in 6 apartment buildings, with the average unit size of 703 square feet. Some of the amenities include a swimming pool, spa, fitness center, large deck with furniture and electric smokers, dog area, and gated access. The team also chose this property because it’s also close to Concordia University Texas, Huston-Tillotson University, and the University of Texas at Austin. The leasing office is also located on-site.
Former attorney, Jay Ankur Bansal has 15 years of experience as an entrepreneur. Some of his business ventures include owning gas station convenience stores, a medical-legal funding business, and medical software companies. He lives in Phoenix with his wife of 25 years, Rajani Bansal. The couple also takes time to help worthy causes in the community.
In partnership with Ashford Communities, they are working to bringing affordable multi-family properties to Phoenix. With the success of Ashford Communities in Houston, Jay A. Bansal was not going to stop there. Jay A. Bansal decided to invest in a third city, Austin. The real estate company just closed on two properties, and one of them is Longbranch.
Located in North Austin, in the North Lamar neighborhood, this multi-family property has a lot of potential. This neighborhood has a reasonably low cost of living, and it’s one of the best areas in Austin for those looking for a suburban feel in an urban area. Because of the lower cost of living, a lot of people rent their homes. To get to North Lamar, people can take the I-35 west, and the neighborhood will be on the East along Lamar Blvd. Some of the businesses found along Lamar Blvd are service shops, pawnshops, and many restaurant options.
Two beloved spots in this neighborhood include the Chinatown Shopping Center and Brownie Park. The shopping center is home to many Chinese and Vietnamese restaurants and businesses. Families also love to spend time in Brownie Park, which features a half-acre of picnic tables and a playground.
Located 3 miles from The Domain, also known as Austin’s second downtown, the Longbranch property offers 104 units that expand over seven apartment buildings. Due to its proximity to The Domain, there is a high demand for office, apartment, and retail space in this area.
Each unit has an average square footage of 673. Before Ashford Communities purchased the property, the previous owners made some improvements to the property. Some of the renovations, such as boiler replacement, tankless Rinnai gas heaters, and parking lot repairs, made the property an attractive investment. Other property amenities include a large deck with furniture and grills, swimming pool, sports court, spa, fitness room, playground, picnic area, dog park, and dog washing station.
Former attorney, Jay Ankur Bansal has 15 years of experience as an entrepreneur. Some of his business ventures include owning gas station convenience stores, a medical-legal funding business, and medical software companies. Jay A. Bansal lives in Phoenix with his wife of 25 years, Rajani Bansal. The couple also takes time to help worthy causes in the community.
Phoenix-based businessman, Jay A. Bansal has been investing in real estate projects for many years. Some of his real estate projects include various hotel and apartment projects, and he recently dove into multi-family properties. Jay Ankur Bansal has been working with and investing with Ashford Communities, a Houston, Texas real estate company. Ashford Communities is a well-known real estate company in Houston known for its excellent multi-family property management.
The initial goal was to bring Ashford Communities to Phoenix. In partnership with Ashford Communities, Jay A. Bansal wanted to bring quality property management to affordable multi-family properties in Phoenix. On top of working towards this goal, Jay A. Bansal expanded his partnership with Ashford in Austin. “Ashford just closed on the purchase of two complexes in Austin, Texas that I believe strongly in given the area’s growth and high occupancy rates,” Jay Ankur Bansal says proudly.
Longbranch, one of the complexes they acquired, is located in North Austin in the North Lamar area. The North Lamar neighborhood is known as an area for people looking for an urban and suburban feel. The area itself offers a diverse mix of restaurants, parks, and a good school district. Most people in this neighborhood rent their homes.
The Longbranch property has 104 units that expand over seven apartment buildings. Each unit has an average square footage of 673. The amenities include a large deck with furniture and grills, swimming pool, sports court, spa, fitness room, playground, picnic area, dog park, and dog washing station.
Creekwood Village is the other property purchased by Ashford Communities that Jay A. Bansal invested in. It is located in northeast Austin in the Coronado Hills neighborhood. Coronado Hills is a neighborhood with a mix of families and young professionals looking to rent a home. The Coronado Hills area offers a good school district, plus plenty of restaurants and open areas.
Creekwood Village has 96 units in 6 apartment buildings, with the average unit size of 703 square feet. Some of the amenities include a swimming pool, spa, fitness center, large deck with furniture and electric smokers, dog area, and gated access. Creekwood Village is also close to Concordia University Texas, Huston-Tillotson University, and the University of Texas at Austin. The leasing office is also located on-site.
Aside from having an extensive real estate portfolio, Jay Ankur Bansal has 15 years of experience as an entrepreneur. After leaving private practice, former attorney, Jay Ankur Bansal has experience with owning gas station convenience stores, a medical-legal funding business, and medical software companies. Jay Ankur Bansal and his wife of 25 years, Rajani Bansal, also take an active role in the community by donating to worthy causes.
As CFO of iMed Transport, Jay Ankur Bansal saw the value of investing in this company. As a keen entrepreneur from Phoenix, Jay A. Bansal only invests in businesses that are innovative and will help the most people. iMed has completed thousands of trips that has helped thousands of patients.
What is iMed Transport?
According to Jay A. Bansal, iMed is a cloud-based medical software designed to make the transportation of patients more convenient. The purpose of this software is to link ambulances with healthcare providers to facilitate the transportation process. iMed is easy to use, and anyone can access it via a mobile device or computer. Using the software, users can submit documentation electronically and request transportation to a healthcare center. iMed transport also facilitates live tracking to make it easy for all of those involved to check on the location of the patient.
Ambulance Advantages of iMed
- iMed reduces patient wait times
- All the paperwork gets submitted electronically which eliminates wait lines at the hospital
- Automates the call process and makes the requests more accurate
- It makes it more profitable for carriers since they have access to patient’s insurance information
- Reduces overall wait times at home and the hospital
- Makes ambulance dispatch a lot more accurate and reduces detours
Advantages for Health Care Providers
- Having access to electronic patient information improves care and overall satisfaction
- Improves the logistical process
- Automation of the process increases efficiency, better use of resources, decreases discharge times and improves wait times
Advantages for Patients
- Using iMed decreases patient wait times
- Makes the services more reliable
- Improves the quality of medical care
- Allows patients to track the transportation status
These are some of the reasons why Jay Ankur Bansal believed in the benefits, and the positive impact iMed would have in the healthcare industry. With over 15 years of experience, leaving a mark in the business world, Jay Ankur Bansal has a diverse portfolio of businesses. Jay Bansal’s many businesses include a medical-legal funding company, real estate, apartment and hotel projects, and gas station convenience store ownership.
When former attorney Jay A. Bansal is not taking the business world by storm, he’s working on projects to help the community with his wife of 25 years, Rajani Bansal. Together, the support community projects in the business area and spend time with their three children.
Phoenix businessman, Jay A. Bansal has been successful for the past 15 years in many different sectors of business. His business portfolio includes owning gas station convenience stores, a medical-legal funding business, medical software companies, and hotel and apartment projects.
Although Jay Ankur Bansal has invested in real estate for many years, one of his newest projects includes a joint venture with Ashford Communities. Ashford Communities, a well known real estate company in the Houston, Texas area, has been a leader in multi-family properties for many years. Thanks to his keen eye for business, Jay A. Bansal recognized Ashford Communities’ potential and has been an investor in their Houston real estate projects for many years.
Ashford Communities make sure all of the properties they manage are a place where people belong. Aside from managing properties, Ashford Communities also want to help the communities they serve to flourish. They stand for pride, connection, care, and belonging, which resonated with Jay’s philosophy.
As someone who also likes to invest in his community, Jay Ankur Bansal decided to help bring Ashford Communities to Phoenix. With this joint venture, both parties will work together to locate real estate properties in the Phoenix area that could benefit from its experience. The goal is to bring quality property management to affordable multi-family properties in Phoenix.
Since his days as a solo law practitioner, former attorney, Jay Ankur Bansal knew when to take business risks. After graduating from law school and working at a law firm, Jay A. Bansal decided to open a solo practice. He practiced personal injury, business law, and immigration law for 20 years before taking the risk of becoming an entrepreneur. For the last 15 years, he has succeeded as a businessman because he takes calculated risks when he believes in a project.
This joint venture with Ashford communities is no exception. Jay A. Bansal credits his success in real estate to always knowing your niche, not undermining risks, learning the market, and collecting referrals.
Jay A. Bansal grew up in the Phoenix area and is an active member of the community donating and sitting on the board of worthy organizations. As the son of a retired pediatrician, Jay learned to become a leader of his community from his parents. Jay Ankur. Bansal and his wife of 25 years, Rajani Bansal take an active role in the community by donating to worthy causes.
A lien finance company, Midwest Medical Services provides medical services for patients who have been injured in an accident and do not have health insurance. Jay A. Bansal knows the first thought people have after an injury is how they will pay for quality treatment.
As a former personal injury lawyer, Jay Ankur Bansal had first-hand experience with clients waiting for their settlements to pay their medical bills. Many clients also never get the care they require due to the high out of pocket cost of medical care. Without the resources to pay for their medical care, they do not get the necessary treatment and cannot adequately present their injury claims.
When patients go to Midwest Medical Services, they get medical treatment right away. Midwest Medical Services waits until the case settles and patients never have to pay anything out of pocket regardless of the outcome.
Jay Ankur Bansal, the entrepreneur behind Midwest Medical Services, combines sharp business skills and the desire to help communities to make this company thrive. This service provides a place for people to turn to when they don’t have health insurance or the resources to take care of their injuries.
Jay A. Bansal has partnered with a wide network of primary care doctors, chiropractors, MRI facilities, physical therapists, orthopedic surgeons, neurosurgeons, plastic surgeons, and surgery centers to bring the best care to patients. Midwest Medical connects people from all over the country, who otherwise would not know who to turn to, with choice physicians and healthcare providers.
Midwest Medical Services is not Jay A. Bansal’s only medical industry related business venture. Jay Bansal also created iMed Transport, a cloud-based software system to simplify medical transportation.
After the great success of Midwest Medical Services, the business world will have to wait and see what Jay A. Bansal comes up with next. For 15 years, Jay A. Bansal has been successful in the business world. Aside from starting medical-legal funding and medical software companies, his other business ventures include real estate, hotel and apartment projects, and gas station and convenience store ownership.
Jay A. Bansal grew up in the Phoenix area and is an active member of the community donating and sitting on the board of worthy organizations. Jay Ankur. Bansal and his wife of 25 years, Rajani Bansal take an active role in the community by donating to worthy causes. The couple has plans to continue their entrepreneurial projects and philanthropic work.
When a patient falls ill and requires medical attention, out-of-pocket expenses are stratospheric, going as high as $425 for an initial doctor’s visit. In certain cases, this financial burden has become so great, patients delay or avoid care or leave their providers with unpaid bills.
Moreover, even with health insurance, unsubsidized individuals pay $320 per month with family monthly premiums estimated at a whopping $833. Deductibles are skyrocketing as well; the average employee pays $1,491 for a single coverage before their insurance kicks in to help with the medical costs.
For automobile accidents, in particular, patients are looking at anything between $2000 to $4000 even for minor accidents. Entrepreneur Jay Bansal is a renowned businessman who has identified these alarming gaps in the system. He offers a great solution to tackle unprecedented healthcare costs, and lessen the inequalities in accessing quality care.
Midwest Medical: A Novel Medical Funding Venture to Help the Uninsured
Midwest Medical is a medical lien finance company founded by Jay Ankur Bansal that gives patients access to quality healthcare services through a list of certified providers. The company focuses on helping patients who sustain automobile injuries and do not have any health insurance to rely upon or those who have health insurance plans with high deductibles and out of pocket costs.
Jay A. Bansal has carefully studied the discrepancies and loopholes in healthcare, and strives to undercut this exorbitant system. The glaring problem? Patients in automobile accidents are having to shoulder an immense financial burden to get the care they need due to someone else’s negligence.
Patients Have Access to a Range of Top Providers in Healthcare
Jay Ankur Bansal believes that healthcare shouldn’t be an elite system that fails to account for the average citizen. Medical Midwest gives patients access to qualified clinics that they can approach without having to pay anything out of pocket.
Having fervently been involved in the entire process, the businessman has incorporated key protocol both internally and externally throughout the startup phase to ensure the utmost quality with as few hassles as possible for patients.
Jay Bansal has established valuable contacts within the medical sphere; providers ranging from primary care physicians, chiropractors, neurologists, orthopedic surgeons, plastic surgeons. To simplify patients’ access to medical care, Midwest Medical works with MRI facilities as well as hospitals and surgery centers.
No Upfront Fees, Payment is Done After the Case is Settled
Jay A. Bansal‘s startup has proven to be a godsend for patients with limited access to quality care and nowhere to turn to. Midwest Medical does not collect upfront but waits until the patient’s personal injury case is settled.
The company has funded such cases to the tune of $10 million in the last five years alone. Taking to task other overpriced and underdelivering systems like healthcare, the businessman continues to make a foray into new markets and help even more people.
The zealous entrepreneur has made groundbreaking advancements in the field of real estate, medical funding, and numerous business ventures. Jay Bansal and his wife Rajani Bansal take pride in their mission to make services affordable, accessible and reliable for all.
Jay Ankur Bansal is an astute businessman who has truly revolutionized the real estate industry in over the past 15 years.
Cutting his teeth in the business by operating several Mobil gas stations and convenience stores in the Valley, Jay pursues a forward-thinking momentum. The businessman has taken the business operations to staggering new heights since he made that initial investment back in 2004.
What drew him to this lucrative business venture? Jay Bansal chimes in, “Simply put, gas is a highly consumable product that drives customers and related products; these sales can greatly enhance real estate values and prospects to the entire neighboring communities. With Mobil, I saw a budding opportunity to expand my reach and cross over into new markets.”
Using his natural flair for business practices, Jay plans to widen his current grocery offerings to include fresh produce, a dessert bar, and even a drive-thru option. Mr. Bansal has expressed that the store could well double in size as there is a huge remodeling project in the works.
When asked about his view of the real estate market as it stands today, the businessman has an apt response. “My philosophy with real estate is simple; success starts with a great blueprint. Setting the right parameters is a top priority when scoping out a commercial real estate deal.”
He continues, “For instance, with the gas station, the first location I invested in had a meager collection of grocery stores within walking distance, leaving the local community somewhat handicapped. By developing a business model that combined a gas station and a convenience outlet, not only were we bridging a gaping hole in the supply chain, we were also creating a self-contained community and thereby, elevating the value of neighboring real estate.”
He makes an excellent point. Statistics show that there are just 127,590 fuel stations in the US with attached convenience stores and, unsurprisingly, these stores are responsible for roughly 80% of the fuel sales in the country.
Fast forward 15 years later, former attorney Jay Bansal has carefully cultivated his entrepreneurial prowess. He now owns and operates several Mobil gas stations in Phoenix, Arizona, with all of these locations having attached convenience stores.
“In a larger sense, it’s also important to understand the risks associated with commercial property,” Mr. Bansal advises. “Even among similar ventures, the risks fluctuate drastically and, hence, it’s important to thoroughly review the financial condition and predicted forecasts of a particular market before diving in headfirst.”
Jay A. Bansal chooses to actively participate in the business rather than adopt a backseat approach. He is constantly innovating his inventory strategies, management, and internal and external protocol tactics to stay abreast of the fluctuating market.
For Jay, there’s no looking back. The accomplished entrepreneur and his wife of 25 years, Rajani Bansal, are forging ahead, taking each new business challenge in stride. Eager to evolve their portfolio, the husband-wife duo is now looking at hotel and apartment projects in the Phoenix area.
Business owner, founder and real estate investor, Jay Bansal is a force to be reckoned with. An entrepreneur at heart, he has ushered the corporate world into the 21st century.
Initiating projects like iMed Transport, a company that simplifies hospital logistics and patient care, and playing a key role in several real estate projects, former lawyer Jay Bansal and his wife Rajani Bansal are used to taking business risks.
Jay A. Bansal‘s real estate endeavors have completely changed the status quo. Convenience stores, gas stations, hotel and apartment projects have molded the razor-sharp work ethic he is known for. Today, he is a respected thought leader in the market and shares many of his business habits with budding investors across the globe.
Study the Ins and Outs of the Market
Jay Ankur Bansal is a big believer in rigorous research that leaves no stone unturned. His mantra? “Business professionals have to know their target market’s interest and attraction to properly analyze the market.”
Study the marketplace microscopically, stay abreast of current trends, measure consumer behaviors, mortgage rates, and forecasted real estate patterns. Attorney Jay Bansal pushes investors to make a holistic plan for the future so that no opportunity is unspoken for.
Know Your Niche
Focus is everything, without it, an investor is like a fish out of water. Jay A. Bansal encourages that entrepreneurs block out the noise and focus on developing a depth of knowledge in one niche.
All successful real estate investors have spent a lot of time excelling in one niche initially. This spells long-term success. Ask yourself; Should I invest in luxury condominiums? Or do distressed properties attract my interest? Using this same in-depth approach, real estate investors can then proceed to conquer other segments of the market.
Referrals Are Your Friend
The major slice of a real investor’s pie is, you guessed it, referrals. Jay Ankur Bansal advocates that it’s very important for investors to build human connections with partners, associates, clients, renters – anyone who comes their way.
When you pay attention and proactively address complaints – people take notice. You become an investor that has represented themselves in a positive light, and left a lasting mark on the minds of potential clients.
Don’t Undermine Risks
With sizeable reward, there is a sizeable risk. Lawyer Jay Bansal reminds investors to remain prudent and take into consideration the risks that the future presents. Advertisements in the market tend to gloss over potential red flags, it’s important to go out of your way to learn about the legal implications that are interwoven into deals of this nature.
The Road Ahead
So what does the future hold for lawyer Jay A. Bansal? For now, he continues to oversee his thriving real estate investment deals, setting his sights on Phoenix’s apartment scene.