{"id":489118,"date":"2021-05-06T09:04:04","date_gmt":"2021-05-06T13:04:04","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/modivcare-announces-acquisition-of-wellryde-and-accelerated-strategy-to-create-the-largest-digitally-integrated-non-emergency-medical-transportation-nemt-network-in-the-united-states\/"},"modified":"2021-05-06T09:04:04","modified_gmt":"2021-05-06T13:04:04","slug":"modivcare-announces-acquisition-of-wellryde-and-accelerated-strategy-to-create-the-largest-digitally-integrated-non-emergency-medical-transportation-nemt-network-in-the-united-states","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/modivcare-announces-acquisition-of-wellryde-and-accelerated-strategy-to-create-the-largest-digitally-integrated-non-emergency-medical-transportation-nemt-network-in-the-united-states\/","title":{"rendered":"ModivCare Announces Acquisition of WellRyde and Accelerated Strategy to Create the Largest Digitally Integrated Non-Emergency Medical Transportation (NEMT) Network in the United States"},"content":{"rendered":"

<\/p>\n

ModivCare Announces Acquisition of WellRyde and Accelerated Strategy to Create the Largest Digitally Integrated Non-Emergency Medical Transportation (NEMT) Network in the United States<\/b><\/p>\n

ModivCare\u2019s investment further solidifies its technology-enabled social determinants of health platform and future roadmap.<\/i><\/p>\n

DENVER–(BUSINESS WIRE<\/a>)–
\nModivCare Inc. (\u201cModivCare\u201d or the \u201cCompany\u201d) (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.\u2019s (\u201cnuVizz\u201d) 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\u2019s digital reach in the industry.\n<\/p>\n

\nThe addition of WellRyde\u2019s ATMS software to ModivCare\u2019s technology platform accelerates the Company\u2019s strategy to create the largest digitally integrated NEMT network in the United States. ModivCare\u2019s 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\u2019s customers and bring new capabilities to its network.\n<\/p>\n

\n\u201cOur 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,\u201d said Dan Greenleaf, President and Chief Executive Officer of ModivCare.\n<\/p>\n

\nWalt Meffert, Chief Information Officer of ModivCare, added, \u201cAugmenting our technology platform with WellRyde\u2019s 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.\u201d\n<\/p>\n

\nSeveral of ModivCare\u2019s transportation providers have already benefited from WellRyde\u2019s solutions through its multi-year partnership leading up to the acquisition. \u201cWellRyde provides a robust integration between a large NEMT network and ModivCare,\u201d said Guru Rao, Chief Executive Officer of nuVizz. \u201cWe believe combining WellRyde with ModivCare\u2019s platform will create the industry\u2019s most advanced technology offering, creating more value and bringing new opportunities to the marketplace.\u201d\n<\/p>\n

\nIn 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.\n<\/p>\n

About ModivCare<\/b><\/p>\n

\nModivCare Inc. (\u201cModivCare\u201d) (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 (\u201cMatrix Medical Network\u201d), 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<\/a>.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210506005459\/en\/<\/a><\/span><\/p>\n

WellRyde Clients:
\n<\/b>
For questions, please contact,
\n
GoDigital@modivcare.com<\/a> or
\n
1-800-597-2049, Option 2\n<\/p>\n

Media:
\n<\/b>
Kate Zerone
\n
Senior Manager, Communications
\n
kate.zerone@modivcare.com<\/a><\/p>\n

Investors:
\n<\/b>
The Equity Group
\n
Kalle Ahl, CFA
\n
kahl@equityny.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America Colorado<\/p>\n

INDUSTRY KEYWORDS:<\/b> General Health Hospitals Health Practice Management Managed Care<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

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\u2019s investment further solidifies its technology-enabled social determinants of health platform and future roadmap. DENVER–(BUSINESS WIRE)– ModivCare Inc. (\u201cModivCare\u201d or the \u201cCompany\u201d) (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.\u2019s (\u201cnuVizz\u201d) 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\u2019s digital … <\/p>\n

Continue reading “ModivCare Announces Acquisition of WellRyde and Accelerated Strategy to Create the Largest Digitally Integrated Non-Emergency Medical Transportation (NEMT) Network in the United States”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-489118","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nModivCare Announces Acquisition of WellRyde and Accelerated Strategy to Create the Largest Digitally Integrated Non-Emergency Medical Transportation (NEMT) Network in the United States - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/modivcare-announces-acquisition-of-wellryde-and-accelerated-strategy-to-create-the-largest-digitally-integrated-non-emergency-medical-transportation-nemt-network-in-the-united-states\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ModivCare Announces Acquisition of WellRyde and Accelerated Strategy to Create the Largest Digitally Integrated Non-Emergency Medical Transportation (NEMT) Network in the United States - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"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\u2019s investment further solidifies its technology-enabled social determinants of health platform and future roadmap. 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DENVER–(BUSINESS WIRE)– ModivCare Inc. (\u201cModivCare\u201d or the \u201cCompany\u201d) (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.\u2019s (\u201cnuVizz\u201d) 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\u2019s digital … Continue reading \"ModivCare Announces Acquisition of WellRyde and Accelerated Strategy to Create the Largest Digitally Integrated Non-Emergency Medical Transportation (NEMT) Network in the United States\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/modivcare-announces-acquisition-of-wellryde-and-accelerated-strategy-to-create-the-largest-digitally-integrated-non-emergency-medical-transportation-nemt-network-in-the-united-states\/","og_site_name":"Market Newsdesk","article_published_time":"2021-05-06T13:04:04+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20210506005459r1&sid=flmnd&distro=nx&lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/modivcare-announces-acquisition-of-wellryde-and-accelerated-strategy-to-create-the-largest-digitally-integrated-non-emergency-medical-transportation-nemt-network-in-the-united-states\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/modivcare-announces-acquisition-of-wellryde-and-accelerated-strategy-to-create-the-largest-digitally-integrated-non-emergency-medical-transportation-nemt-network-in-the-united-states\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"ModivCare Announces Acquisition of WellRyde and Accelerated Strategy to Create the Largest Digitally Integrated Non-Emergency Medical Transportation (NEMT) Network in the United States","datePublished":"2021-05-06T13:04:04+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/modivcare-announces-acquisition-of-wellryde-and-accelerated-strategy-to-create-the-largest-digitally-integrated-non-emergency-medical-transportation-nemt-network-in-the-united-states\/"},"wordCount":619,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/modivcare-announces-acquisition-of-wellryde-and-accelerated-strategy-to-create-the-largest-digitally-integrated-non-emergency-medical-transportation-nemt-network-in-the-united-states\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20210506005459r1&sid=flmnd&distro=nx&lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/modivcare-announces-acquisition-of-wellryde-and-accelerated-strategy-to-create-the-largest-digitally-integrated-non-emergency-medical-transportation-nemt-network-in-the-united-states\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/modivcare-announces-acquisition-of-wellryde-and-accelerated-strategy-to-create-the-largest-digitally-integrated-non-emergency-medical-transportation-nemt-network-in-the-united-states\/","name":"ModivCare Announces Acquisition of WellRyde and Accelerated Strategy to Create the Largest Digitally Integrated Non-Emergency Medical Transportation (NEMT) Network in the United States - 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