SafeRide Health, a San Antonio, CA-based technology-first platform connecting patients of Medicaid, Medicare Advantage, and provider programs to life sustaining care, raised a Series C funding of undisclosed amount.
The round was led by Sands Capital with participation from Healthworx, the investment and innovation arm of CareFirst BlueCross BlueShield (CareFirst), and SCAN Group. They joined early investors including Transform Capital, Seminal Capital (SEMCAP), Hill City Capital, Fry’s Path Capital, Primetime Partners, Fresenius Medical Ventures, Bonfire Ventures, and Meridian Street Capital. Silicon Valley Bank, a division of First Citizens Bank, is expanding their existing credit-relationship alongside this equity raise.
The company intends to use the funds to strengthen its national network, and advance AI and other self-service tools to improve the member experience at every touch point for individuals enrolled in Medicare Advantage and Medicaid.
Led by Robbins Schrader, CEO and Co-founder, SafeRide Health is a technology and services company dedicated to reducing barriers to care by improving the delivery of non-emergency medical transportation (NEMT) to people nationwide. Its platform gives payers and health systems a way to deliver on-demand transportation that connects health plan members to critical healthcare services. SafeRide serves the country’s largest Medicare Advantage, Medicaid, and provider programs.
FinSMEs
05/10/2023