ModivCare Announces Acquisition of WellRyde & Accelerated Strategy to Create the Largest Digitally Integrated Non-Emergency M...
06 5월 2021 - 10:00PM
Business Wire
ModivCare’s investment further solidifies its
technology-enabled social determinants of health platform and
future roadmap.
ModivCare Inc. (“ModivCare” or the “Company”) (Nasdaq: MODV), a
technology-enabled healthcare services company that provides a
suite of integrated supportive care solutions focused on improving
patient outcomes, today announced that the Company has completed
the acquisition of nuVizz, Inc.’s (“nuVizz”) WellRyde technology
platform. WellRyde is an industry-leading technology provider of
Advanced Transportation Management Systems (ATMS) software,
enabling optimized routing, automated trip assignments and billing,
and real-time network monitoring. Today, WellRyde is utilized by
over 1,200 transportation provider companies, extending ModivCare’s
digital reach in the industry.
The addition of WellRyde’s ATMS software to ModivCare’s
technology platform accelerates the Company’s strategy to create
the largest digitally integrated NEMT network in the United States.
ModivCare’s implementation of WellRyde will allow transportation
providers and its Medicaid, Medicare, and commercial patients to
benefit from real-time visibility into their trips, providing
critical access to care. WellRyde also gives ModivCare the ability
to provide on-demand trips and rider-pay models to create new lines
of business. ModivCare is excited to serve WellRyde’s customers and
bring new capabilities to its network.
“Our technology enables our mission, transforming the way we
connect people to care. The integration of WellRyde into our
platform drives greater access to care and elevates the patient
experience, providing increased visibility into rides and easier
use of our services,” said Dan Greenleaf, President and Chief
Executive Officer of ModivCare.
Walt Meffert, Chief Information Officer of ModivCare, added,
“Augmenting our technology platform with WellRyde’s ATMS
capabilities enables greater connectivity between our drivers and
patients taking rides while also improving the quality of our
overall services, including our pick-up and drop-off
execution.”
Several of ModivCare’s transportation providers have already
benefited from WellRyde’s solutions through its multi-year
partnership leading up to the acquisition. “WellRyde provides a
robust integration between a large NEMT network and ModivCare,”
said Guru Rao, Chief Executive Officer of nuVizz. “We believe
combining WellRyde with ModivCare’s platform will create the
industry’s most advanced technology offering, creating more value
and bringing new opportunities to the marketplace.”
In 2020, ModivCare managed 48.2 million trips for more than 30
million patients across its national network of 5,700 third-party
transportation provider and more than 30,000 respective
drivers.
About ModivCare
ModivCare Inc. (“ModivCare”) (Nasdaq: MODV) is a
technology-enabled healthcare services company that provides a
suite of integrated supportive care solutions for public and
private payors and their patients. Our value-based solutions
address the social determinants of health (SDoH), enable greater
access to care, reduce costs, and improve outcomes. We are a
leading provider of non-emergency medical transportation (NEMT),
personal and home care, and nutritional meal delivery. ModivCare
also holds a minority equity interest in CCHN Group Holdings, Inc.
and its subsidiaries (“Matrix Medical Network”), which partners
with leading health plans and providers nationally, delivering a
broad array of assessment and care management services to
individuals that improve health outcomes and health plan financial
performance. To learn more about ModivCare, please visit
www.modivcare.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20210506005459/en/
WellRyde Clients: For questions, please contact,
GoDigital@modivcare.com or 1-800-597-2049, Option 2
Media: Kate Zerone Senior Manager, Communications
kate.zerone@modivcare.com
Investors: The Equity Group Kalle Ahl, CFA
kahl@equityny.com
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