SCAN Group invests in medical transportation firm SafeRide
July 25, 2022
SCAN Group Invests in SafeRide Health to Expand Access to Nonemergency Medical Transportation for Seniors
Fierce Healthcare (July 20, 2022) – SCAN Group, the parent company of Medicare Advantage insurer SCAN Health Plan, announced a strategic investment in SafeRide Health, a technology-enabled nonemergency medical transportation (NEMT) broker that builds transportation programs tailored to the needs of older adults.
SafeRide’s platform integrates with a wide network of NEMT providers, including Uber and Lyft, to ensure safe, reliable transportation to and from medical appointments. The investment follows SCAN Group’s recent funding activity in other healthcare innovators, including MedArrive (home health platform), Monogram Health (kidney care), and Arine (tech-enabled medication adherence).
“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. “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 offers features such as real-time reporting, live ride monitoring and triage, and aggregated insights. The company’s programs have achieved lower cancellation, no-show, and grievance rates compared to industry averages.
“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. “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 Health is the fifth company to receive an investment from SCAN Group as part of the insurer’s broader initiative to diversify its portfolio and support organizations that are reimagining care for seniors.