ModivCare Inc. - Common Stock (MODV)
Frequently Asked Questions About ModivCare Inc. - Common Stock (MODV)
How does ModivCare Inc. contribute to community health?
ModivCare Inc. contributes to community health by providing essential services that improve access to medical care for underserved populations. By ensuring reliable transportation and home care solutions, the company plays a significant role in reducing health disparities and fostering healthier communities.
How does ModivCare Inc. ensure quality in its services?
To ensure quality in its services, ModivCare Inc. employs rigorous quality assurance protocols and performance metrics. This includes regular evaluations of transportation providers, feedback mechanisms from healthcare partners and beneficiaries, and continuous improvement initiatives based on data analytics and industry best practices.
How many employees does ModivCare Inc. have?
ModivCare Inc. employs thousands of professionals across the United States. The workforce comprises healthcare specialists, transportation coordinators, operational staff, and technology experts, all dedicated to delivering exceptional service and support for their clients and beneficiaries.
Is ModivCare Inc. publicly traded?
Yes, ModivCare Inc. is publicly traded on the NASDAQ stock exchange under the ticker symbol 'MODV.' The company became publicly listed following its merger and has since been committed to transparency and corporate governance in line with public company requirements.
What are the primary services offered by ModivCare Inc.?
ModivCare Inc. primarily offers non-emergency medical transportation (NEMT) services, which assist patients in getting to and from medical appointments. Additionally, they provide home and community-based services, which include personal care, therapy, and remote health monitoring technologies to enhance patient care and support.
What are the recent developments at ModivCare Inc.?
ModivCare Inc. continuously seeks to innovate and expand its offerings. Recent developments include new partnerships with healthcare organizations, enhancements to its technology platform to improve service delivery, and expanded geographic reach to better serve more communities across the U.S.
What challenges does ModivCare Inc. face?
Like many organizations in the healthcare sector, ModivCare Inc. faces challenges such as regulatory changes, competition in the healthcare services market, and the need to continuously adapt to emerging technologies. The company is dedicated to overcoming these challenges through strategic planning and innovation.
What does ModivCare Inc. do?
ModivCare Inc. is a technology-enabled healthcare services company that specializes in providing non-emergency medical transportation, home and community-based services, and remote patient monitoring. The company focuses on enhancing access to care for individuals, particularly Medicaid and Medicare beneficiaries, and is committed to improving health outcomes through its innovative programs and services.
What financial performance metrics does ModivCare Inc. focus on?
ModivCare Inc. focuses on several financial performance metrics, including revenue growth, profitability margins, customer retention rates, and operational efficiency. By tracking these metrics, the company can gauge its performance, make informed strategic decisions, and enhance shareholder value.
What is ModivCare Inc.’s approach to healthcare services?
ModivCare Inc. adopts a holistic approach to healthcare services, focusing on addressing the social determinants of health that impact individuals' ability to access care. By integrating technology and personalized support, the company aims to improve health outcomes and make healthcare more equitable and accessible.
What is non-emergency medical transportation (NEMT)?
Non-emergency medical transportation (NEMT) is a service designed to transport Medicaid and Medicare beneficiaries to medical appointments when they do not have access to other means of transportation. NEMT is vital for ensuring that individuals can reach essential healthcare services, thus promoting better health outcomes and reducing emergency room visits.
What is the mission of ModivCare Inc.?
ModivCare's mission is to enhance the quality and accessibility of healthcare services for individuals, particularly those in underserved communities. The company strives to create innovative solutions that facilitate better patient experiences and outcomes, thereby fostering healthier populations.
What markets does ModivCare Inc. serve?
ModivCare Inc. serves multiple markets across the United States, particularly focusing on states with robust Medicaid programs. The company tailors its services to meet the unique needs of the populations in these markets, contributing to a more effective and accessible healthcare ecosystem.
What technology does ModivCare Inc. use?
ModivCare Inc. employs various technologies to optimize its healthcare services, including advanced scheduling systems for transportation, data analytics for tracking health outcomes, and telehealth platforms for remote patient monitoring. These technologies improve efficiency, enhance patient experience, and enable better decision-making.
When was ModivCare Inc. founded?
ModivCare Inc. was founded in 2017 following the merger of LogistiCare Solutions and a health and wellness company. Although relatively new as an independent entity, the roots of its services and expertise extend much further back with decades of combined experience in the healthcare and transportation sectors.
Where is ModivCare Inc. headquartered?
ModivCare Inc. is headquartered in Denver, Colorado. The central location allows the company to efficiently coordinate its services across various states and provides a suitable environment for its corporate initiatives and innovative healthcare solutions.
Who are the primary customers of ModivCare Inc.?
The primary customers of ModivCare Inc. include state Medicaid agencies, managed care organizations, and healthcare providers that require reliable transportation solutions for their patients. Additionally, the company serves individuals who benefit from privately tailored services aimed at improving health access and outcomes.
Who leads ModivCare Inc.?
ModivCare Inc. is led by an experienced executive team and a knowledgeable board of directors comprised of healthcare and business leaders. The leadership team brings extensive expertise in healthcare administration, technology, and corporate strategy, which drives ModivCare's mission and operational effectiveness.
What is the current price of ModivCare Inc. - Common Stock?
The current price of ModivCare Inc. - Common Stock is 1.130
When was ModivCare Inc. - Common Stock last traded?
The last trade of ModivCare Inc. - Common Stock was at 2:55 pm EDT on April 4th, 2025
What is the market capitalization of ModivCare Inc. - Common Stock?
The market capitalization of ModivCare Inc. - Common Stock is 15.81M
How many shares of ModivCare Inc. - Common Stock are outstanding?
ModivCare Inc. - Common Stock has 13.99M shares outstanding.