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Ambulance services are generally extremely tightly regulated, and often exclusive area contracts. You probably couldn't operate an ambulance company with the policy you describe in most places, and you certainly couldn't legally do an Uber-style middleman service with independent ambulances that used that policy.

And, unlike taxi laws, the laws on operating thingd that pretend to be legally-mandated emergency vehicles are going to be vigorously enforced.

I'm hearing a lot of reasons why it couldn't work. Uber broke all the laws yet here we are.

Waiting time depends on the type of emergency you have, its not a single number for everyone.

Start it in San Francisco and Board of Supervisors will immediately shut it down.