SCAN Group is betting on nonemergency medical transport with its latest strategic investment.
The company, which is the parent of Medicare Advantage insurer SCAN Health Plan, will invest in SafeRide Health, a technology-enabled NEMT broker that builds transportation programs based on the needs of older adults. SafeRide's platform is connected with a slew of NEMT companies, including Uber and Lyft.
The investment comes on the heels of other funding infusions into MedArrive, a home health platform; Monogram Health, a kidney care platform; and Arine, a tech-based medication adherence company, among others.
“SCAN is proud to support SafeRide’s growth as it seeks to fulfill older adults’ need for safe, reliable transportation to and from medical appointments,” said Sachin Jain, CEO of SCAN Group, in a release. “SafeRide’s commitment to eliminating transportation barriers aligns with SCAN’s mission to keep seniors healthy and independent.”
SafeRide's platform identifies members with high-acuity or unique needs and includes real-time reporting, live ride monitoring or triage and aggregated insights. The company has lower cancellation, no-show and grievance rates when compared to the industry average, according to the announcement.
“We are delighted to partner with Medicare Advantage thought leaders like SCAN to advance our technology roadmap and operating model,” said Robbins Schrader, co-founder and CEO of SafeRide Health, in the release. “SCAN’s investment validates SafeRide’s unique approach of partnering with plans to drive a whole-patient strategy and transform the member experience. Together we are driving enrollment, improving STAR ratings, and increasing adherence to care.”
SafeRide is the fifth company to receive an investment from SCAN Group as part of the insurer's efforts to diversify and support organizations that aim to reinvent care for seniors.