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ModivCare
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Technology-enabled supportive care and transportation services
ModivCare
Work Here?
Technology-enabled supportive care and transportation services
Overview
ModivCare provides technology-enabled healthcare services through an integrated suite of supportive care solutions for payors and patients. Its offerings include non-emergency medical transportation (NEMT), in-home personal care, and patient monitoring coordinated via a platform that addresses social determinants of health (SDoH). The company coordinates transportation, caregiving, and monitoring under value-based care arrangements, supported by data analytics to improve outcomes and reduce costs. By offering a broad, integrated service mix and a tech-enabled operating model, ModivCare aims to improve access to care and lower total healthcare costs for diverse populations.
About ModivCare
Industries
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Denver, Colorado
Founded
1986
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Simplify's Take
What believers are saying
- Komenda can sharpen Medicaid and Medicare payer growth in NEMT.
- Shepard can tighten capital allocation after Modivcare’s restructuring.
- Brightwood Health experience supports adjacent in-home care expansion for older adults.
What critics are saying
- Leadership turnover can disrupt routing, provider networks, and payer relationships.
- Medicaid and Medicare rate pressure can compress already thin NEMT margins.
- Competitors can exploit Modivcare’s restructuring history in contract renewals.
What makes ModivCare unique
- Josh Komenda scaled Veyo from two states to nine and 8.4 million annual trips.
- Kenneth Shepard adds enterprise finance oversight while retaining NEMT CFO responsibilities.
- Modivcare combines NEMT, personal care, and monitoring solutions across supportive-care markets.
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Funding
Total Funding
$1.3B
Above
Industry Average
Funded Over
3 Rounds
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
401(k) Retirement Plan
401(k) Company Match
Paid Time Off
Paid Parental Leave
Short-Term and Long-Term Disability
Tuition Reimbursement
Employee Discounts
Stock Price
Growth & Insights and Company News
6 month growth
↑ 7%1 year growth
↑ 7%2 year growth
↑ 7%Despite these misses, ModivCare achieved operational cost savings of $35 million and launched new digital health services and AI technologies.
In a move to strengthen its board, ModivCare has appointed two new independent directors, Craig Barbarosh and Neal Goldman, bringing extensive legal, board, and strategic consulting experience.
ModivCare has also secured additional financing, including $30 million from Coliseum Capital, to bolster its liquidity through mid-2025.
Modivcare Inc. (the “Company” or “Modivcare”) (Nasdaq: MODV), a technology-enabled healthcare services company providing a platform of integrated supp
ModivCare, a Denver-based healthcare company, raised $105 million to avoid breaching loan agreements and explore asset sales amid financial challenges. The funding includes a $75 million term loan and $30 million from second lien notes. The company appointed Chad Shandler as Chief Transformation Officer to enhance efficiency and consider asset divestitures, including Matrix Medical Network. ModivCare will also add three independent directors to its board to support its financial transition.
ModivCare is Hiring for 42 Jobs on Simplify!
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About ModivCare
Industries
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Denver, Colorado
Founded
1986
ModivCare is Hiring for 42 Jobs on Simplify!
Find jobs on Simplify and start your career today