ModivCare
ModivCare is a publicly traded (NASDAQ: MODV) Denver-based healthcare services company providing non-emergency medical transportation brokerage, in-home personal care, and remote patient monitoring to Medicaid and Medicare populations across 35+ U.S. states.
- Company typePublic
- Founded1990
- HeadquartersDenver, United States
- Headcount5,001–10,000
- GTM typeB2B
- OfferingServices
What ModivCare does
ModivCare (NASDAQ: MODV) is a Denver-headquartered, publicly traded healthcare services company that delivers integrated supportive care to Medicaid and Medicare populations across more than 35 U.S. states. The company operates three core service lines: Non-Emergency Medical Transportation (NEMT) brokerage, in-home personal care, and remote patient monitoring (including PERS, the Care Everyday platform, and the Anywhere Care community health-station network acquired via Higi). Its technology backbone, the Mobility Access Platform, integrates with payer and health-system systems for real-time ride visibility, automated trip fulfillment, and digitized dispatch, supported by member-facing (MyModivcare), facility-facing (TripCare, Modivcare Connect), and provider-facing (WellRyde) portals.
The company's business model is primarily managed services: per-trip and per-member fees paid by state Medicaid agencies, Medicaid managed care organizations, Medicare Advantage plans, health systems, and commercial payers under enterprise contracts, supplemented by subscription-based recurring revenue from remote monitoring services. NEMT is delivered through a brokerage model with 6,500+ subcontracted transportation providers operating 26,000+ vehicles, while personal care is delivered by approximately 15,000 in-home caregivers across Northeast personal-care subsidiaries (CareFinders, All Metro, Freedom Home Care MA, Multicultural Home Care, Caregivers America). At scale, ModivCare reports managing 34 million lives, delivering 35 million paid NEMT trips annually, 25 million hours of in-home care, and more than 1 billion cumulative moments of care, with stated North American NEMT market share above 45%.
ModivCare's scale is the product of significant M&A: the 2021 acquisitions of CareFinders Total Care ($340M) and VRI Intermediate Holdings ($315M) built the personal care and monitoring pillars, and the 2023 acquisition of Higi added the community-based Smart Health Station footprint. The company carries certifications including HITRUST, SOC 2 Type II, HIPAA, ISO 27001, and ISO 27701. Financial performance deteriorated through 2024, culminating in a Chapter 11 bankruptcy filing in August 2025 with $1.3B in debt; ModivCare emerged from restructuring by year-end 2025 after shedding $1.1B in liabilities, with Coliseum Capital holding 31.40% of post-restructuring equity and a refreshed executive team now executing an operational turnaround.
ModivCare firmographics
Firmographics- Name
- ModivCare
- Legal name
- Modivcare Solutions, LLC
- Website
- https://modivcare.com
- Company type
- Public
- Founded year
- 1990
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- ModivCare is a publicly traded (NASDAQ: MODV) Denver-based healthcare services company providing non-emergency medical transportation brokerage, in-home personal care, and remote patient monitoring to Medicaid and Medicare populations across 35+ U.S. states.
- Ownership category
- akta.pro rank
ModivCare industry classification
Industry- Product category
- Healthcare Support Services
- NAICS
- Services for the Elderly and Persons with Disabilities (62412), Social Assistance (624), Individual and Family Services (6241)
- SIC
- Transportation Services (4700), Services-Health Services (8000), Services-Home Health Care Services (8082)
- akta.pro primary industry
- Managed Transportation Programs (Health Plans/MCOs/TPAs) (TLAFAKAF)
- akta.pro secondary industry
- Non-Emergency Medical Transportation (NEMT) Providers (TLAFAKAB)
Keywords
Where ModivCare is headquartered
LocationHeadquarters
- HQ city
- Denver
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
ModivCare business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales
Revenue model
- Non-Emergency Medical Transportation (NEMT): Core transportation brokerage services connecting Medicaid and Medicare members to medically necessary care. Modivcare coordinates rides through a network of transportation providers, earning fees from government programs and health plans for trip management, scheduling, and oversight.
- Personal Care Services: In-home care services including assistance with activities of daily living, meal preparation, hygiene, household chores, companionship, and skilled nursing. Services delivered by employed or contracted caregivers in member homes. Revenue from government Medicaid programs and health plan contracts.
- Remote Monitoring: Subscription-based monitoring services including PERS (Personal Emergency Response Systems), Care Everyday platform, and Anywhere Care community health stations. Revenue generated through monthly per-user fees from health plans and value-based care arrangements.
Go-to-market motion3 records
Distribution channels4 records
Marketing channels6 records
ModivCare product offering
Product offeringCore offering
ModivCare is a healthcare services company that provides non-emergency medical transportation (NEMT), in-home personal care, and remote patient monitoring services, primarily to Medicaid and Medicare members. The company coordinates care using a technology-enabled platform across a network of 6,500+ transportation providers operating 26,000+ vehicles and a workforce of 15,000+ caregivers.
Product overview
ModivCare is a technology-enabled healthcare services company offering a platform of integrated supportive care solutions. The core offering consists of four main service areas: Non-Emergency Medical Transportation (NEMT), Personal Care, Remote Monitoring, and Integrated Supportive Care. These are unified through the Mobility Access Platform, which provides the technological backbone for NEMT operations. Supporting the platform are member-facing tools including MyModivcare portal, WellRyde for transportation providers, Modivcare Connect for on-demand ride ordering, and TripCare for facility management. Remote monitoring services include PERS, Anywhere Care, and Care Everyday platforms. The company has grown through acquisitions including VRI (remote monitoring) and CareFinders Total Care (personal care), with these brands now operating under the ModivCare umbrella.
Differentiator
Problem solved
Functional benefit
Brands
- Care Everyday: Acuity-based monitoring platform backed by 50-state clinical network for high-risk, high-cost, hard to reach cohorts.
- WellRyde
- VRI
Products and services
- Non-Emergency Medical Transportation (NEMT) Scheduled and on-demand transportation of members to and from medical appointments, dialysis, behavioral health, and other healthcare visits, delivered via a national network of transportation providers. Customers are state Medicaid agencies, managed care plans, Medicare Advantage plans, and health systems.
- Personal Care Services In-home non-clinical personal care assistance with activities of daily living (bathing, dressing, meal preparation, mobility) delivered by caregivers to Medicaid and Medicare-eligible members in their homes.
- Remote Patient Monitoring Continuous in-home monitoring of members' vital signs, activity, and emergencies using connected devices, with clinical and emergency response support. Targets health plans and at-risk member populations.
- Integrated Supportive Care A bundled care program that combines transportation, in-home personal care, and remote monitoring to address social determinants of health for managed care plan members, particularly those with complex/chronic conditions or aging-in-place needs.
- Mobility Access Platform Enterprise technology platform used by ModivCare to schedule, dispatch, and manage NEMT trips across the national transportation provider network, including real-time tracking, eligibility verification, and reporting for health plan partners.
Quantifiable outcome
- 40-70% savings on pure ride costs for health systems
- +5 more outcomes
Companies that use ModivCare
Customer profileNamed customers5 records
Segments6 records
Ideal customer profiles3 records
ModivCare technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature8 records
ModivCare partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered minor and core.
- VeyominorJosh Komenda, former founder and CEO of Veyo (a NEMT company serving Medicaid and Medicare populations), joined Modivcare as CEO of the NEMT business unit. Veyo expanded from 2 to 9 states with 8.4M+ annual trips under Komenda's leadership.
- Brightwood HealthminorFounded by Josh Komenda (now Modivcare NEMT CEO), Brightwood Health is an in-home care company dedicated to helping older adults age safely, independently, and with dignity.
- VRI Intermediate Holdings, LLCcoreAcquired for $315 million in 2021, VRI is a provider of remote patient monitoring solutions. The acquisition enhances Modivcare's supportive care offerings and improves patient outcomes through advanced data analytics and technology.
- CareFinders Total Care LLCcoreAcquired for $340 million in 2021, CareFinders is a personal care provider in the Northeast. The deal expanded Modivcare's personal care segment with significant increases in caregivers and annual care hours.
Scale indicators18 records
Recent moves7 records
Expansion highlights6 records
ModivCare competitors and assessment
Company assessmentMarket position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
ModivCare social profiles
Digital presenceModivCare compliance and trust
Trust signalCompliance5 records
ModivCare financial estimates
Financial estimateRevenue estimate
Valuation estimate
ModivCare leadership team
Management profileNumber of profiles
Profiles12 records
ModivCare subsidiaries and ownership
Company hierarchySubsidiaries10 records
ModivCare funding detail
Funding detailFunding overview
Funding rounds5 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ModivCare M&A and investment
M&A and investmentM&A3 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ModivCare
What does ModivCare do?
ModivCare is a healthcare services company that provides non-emergency medical transportation (NEMT), in-home personal care, and remote patient monitoring services, primarily to Medicaid and Medicare members. The company coordinates care using a technology-enabled platform across a network of 6,500+ transportation providers operating 26,000+ vehicles and a workforce of 15,000+ caregivers.
Is ModivCare a public or private company?
ModivCare is a public company. It is classified as public and is currently operating.
When was ModivCare founded?
ModivCare was founded in 1990. It employs 5,001 to 10,000 people.
Where is ModivCare based?
ModivCare is headquartered in Denver, United States, in the North America region.
How does ModivCare make money?
Three revenue lines are on record. Non-Emergency Medical Transportation (NEMT) is the primary driver. The others are personal Care Services and remote Monitoring.
Does ModivCare have an API?
No public API is recorded for ModivCare.
What industry is ModivCare in?
ModivCare's product category is Healthcare Support Services. Its primary akta.pro industry code is TLAFAKAF, Managed Transportation Programs (Health Plans/MCOs/TPAs), with a secondary code of TLAFAKAB, Non-Emergency Medical Transportation (NEMT) Providers. Its NAICS code is 62412 and its SIC code is 4700.