ModivCare Announces Acquisition of WellRyde and Accelerated Strategy to Create the Largest Digitally Integrated Non-Emergency Medical Transportation (NEMT) Network in the United States
ModivCare Inc. (Nasdaq: MODV) announced the acquisition of nuVizz's WellRyde technology platform, enhancing its digital services in non-emergency medical transportation (NEMT). WellRyde's software provides advanced transportation management systems, streamlining routing and trip assignments for over 1,200 providers. This integration aims to create the largest digitally integrated NEMT network in the U.S., improving access to care for Medicaid, Medicare, and commercial patients. The acquisition complements ModivCare's existing operations, expected to drive growth and elevate patient experiences.
- Acquisition of WellRyde enhances ModivCare's technology platform.
- Integration expected to create the largest digitally integrated NEMT network in the U.S.
- WellRyde's technology improves trip visibility and scheduling for patients and providers.
- Potential for new revenue streams through on-demand trips and rider-pay models.
- None.
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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