Ride Velo: Revolutionizing Patient Transportation in Healthcare

By Peter Salib Peter Salib has been verified by Muck Rack's editorial team
Published on January 28, 2024

The healthcare industry, constantly evolving with technological advancements, is witnessing a transformative change in one of its most overlooked aspects — patient transportation. Enter Ride Velo Health, a burgeoning startup that’s redefining non-emergency medical transportation (NEMT) for patients across the United States.

Bridging the Healthcare Gap with Innovation

Founded by seasoned entrepreneur Louis Yson, Ride Velo Health is not just another ride-sharing platform. It’s a mission-driven service specifically tailored for patients traveling to and from medical appointments. With over 10,200 Velo rides completed between April 2022 and August 2023, the company is rapidly gaining traction in a sector fraught with challenges. Their innovative approach combines technology with a human touch, ensuring each patient’s journey is safe, comfortable, and tailored to their specific needs.

The Urgent Need for Reliable NEMT

Statistics reveal a startling gap in healthcare: an estimated 3.6 million outpatient appointments are missed annually due to transportation issues, leading to a staggering $150 billion in annual losses. More importantly, these missed appointments can have severe repercussions on patients’ health, especially those with chronic illnesses. Ride Velo Health steps into this gap with a solution that’s both practical and empathetic, prioritizing patient care above all else.

Ride Velo Health’s Unique Approach

Unlike traditional ride-sharing services, Ride Velo Health’s model is intricately woven into the healthcare system. It’s approved by three major health insurance carriers and boasts a revenue of over $400,000. What sets it apart is its deep understanding of the healthcare industry’s needs, honed by Yson’s 20+ years of experience in the field. This unique perspective allows them to address the nuanced challenges of medical transportation with innovative solutions.

Simplified Pricing and Insurance Claims Processing

Ride Velo Health operates on a straightforward pricing structure aligned with Medicaid guidelines, ensuring affordability and transparency. The service simplifies the often cumbersome process of insurance claims by handling submissions to healthcare providers, including insurers, Medicare, and Medicaid. This ease of use is a significant relief for patients, who can focus on their health rather than logistical hurdles.

Impact on Community Health and Wellbeing

With a steady operation of over 500 rides per month since its inception, Ride Velo Health is making a tangible impact on community health. By ensuring patients’ access to timely medical care, the company is not just a business; it’s a vital component in the continuum of care. Their services have been instrumental in improving appointment adherence, resulting in better health outcomes for patients, especially those with limited mobility or chronic conditions. Missed appointments are costly for both the patient and the healthcare provided, but let’s not forget about the missed opportunity for another patient to see that doctor. 

A Growing Market with a Visionary Leader

The U.S. Healthcare Transportation Services Market, valued at around USD 15,295.6 million in 2021, is projected to reach about USD 24,137.6 million by 2028. This growth, coupled with Yson’s visionary leadership and Ride Velo Health’s proven business model, positions the company as a potential leader in this expanding market. Yson’s dedication and innovative mindset are driving the company toward new heights, setting standards in patient-centered transportation services.

A Call for a Healthier Future

Ride Velo Health’s journey is more than just business metrics and market potential. It’s about making a real difference in people’s lives. With each ride, the company is not only driving revenue but enhancing the wellbeing of the communities it serves. As Ride Velo Health embarks on its mission to be the frontrunner in the U.S. Healthcare Transportation Services Market, it calls for investors to join in building not just a successful business but also a healthier, more accessible future for patients nationwide. The team is currently raising capital on WeFunder, and you can join their fundraising round for as little as $100.

Disclosure: https://rb.gy/d6bc5.

By Peter Salib Peter Salib has been verified by Muck Rack's editorial team

Peter Salib is a Tech Columnist at Grit Daily. Based in New Jersey, he is an avid participant of events nationwide who's attended CES in Las Vegas consecutively since 2013. Peter is the host and producer of Show & Tell, a product showcase YouTube channel and also works at Gadget Flow, a leading product discovery platform reaching 31M consumers every month. Peter frequently works with startups on media, content writing, events, and sales. His dog, Scruffy, was a guest product model on the Today Show with Kathy Lee & Hoda in 2018 and was dubbed "Scruffy the Wonder Dog.”

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