ModivCare Inc. (MODV)

Provider of diversified healthcare transportation and logistic services.

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ModivCare Inc., a technology-driven healthcare services provider, delivers a comprehensive array of supportive care solutions tailored for both public and private payors and their patients. Organized into four distinct segments, the company operates in Non-Emergency Medical Transportation (NEMT), Personal Care, Remote Patient Monitoring (RPM), and the Matrix Investment. The NEMT division specializes in managing contact centers, network credentialing, claims handling, and non-emergency medical transport services. These services cater primarily to Medicaid and Medicare eligible members, facilitating access to essential healthcare and social services for individuals facing mobility challenges or financial constraints.

In the Personal Care segment, ModivCare offers a spectrum of services including bathing, grooming, medication reminders, meal preparation, housekeeping, and transportation assistance. These are administered through non-medical personal care assistants, home health aides, and skilled nurses, primarily benefiting Medicaid patients requiring support in daily living activities. This segment focuses on enhancing the quality of life for senior citizens and disabled adults by ensuring comprehensive care monitoring and assistance.

The RPM segment of ModivCare provides solutions such as personal emergency response systems, vitals monitoring, medication management, and patient engagement tools driven by data. These services are designed to empower patients with the ability to manage their health proactively from home, contributing to improved health outcomes and enhanced patient satisfaction.

Through its Matrix Investment segment, ModivCare extends its reach with in-home and on-site care services, bolstered by a fleet of mobile health clinics equipped with advanced diagnostic capabilities. These mobile clinics deliver community-based healthcare solutions, expanding access to care in underserved areas. ModivCare serves a diverse client base including federal, state, and local government agencies, managed care organizations (MCOs), commercial insurers, private individuals, and healthcare systems across the United States. Incorporated in 1996 and headquartered in Denver, Colorado, the company was formerly known as The Providence Service Corporation before rebranding as ModivCare Inc. in January 2021.

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