SEMCAP Health Continues Strategic Investment in SafeRide Health and Secures Memorial Hermann Health System Co-Investment

Recent Series C Financing of Leading Non-Emergency Medical Transportation Platform Fuels Rapid National Expansion SEMCAP Health announces its continued support of portfolio company, SafeRide Health, with participation in the company’s recently announced Series C funding. This follows SEMCAP Health’s November 2021 initial investment in SafeRide Health, the leading network optimization platform for Non-Emergency Medical Transportation (NEMT). SafeRide Health’s ability to improve member experience and reduce costs for Medicaid and Medicare Advantage beneficiaries also attracted a strategic investment from Memorial Hermann Health System in this latest round. Memorial Hermann is one of the largest not-for-profit health systems in Texas. “We invited Memorial Hermann to co-invest alongside us as we recognize the strategic value of SafeRide Health’s technology for health systems and payors who wish to seamlessly integrate transportation into the patient journey while improving efficiency,” said Vic Kats, Managing Partner of SEMCAP Health. “Health Plans and Health Systems are partnering with SafeRide Health to deliver more than just rides; the Company’s platform yields rich member insights and empowers customers to optimize its NEMT network to deliver a better experience for patients, while lowering cost and improving health equity.” “As a leading community-based health system, we’re continually seeking transformational technologies that enable us to better supp...
Source: EMR and HIPAA - Category: Information Technology Authors: Tags: Health IT Company Healthcare IT Feby Abraham Health IT Funding Health IT Fundings Health IT Investment Memorial Hermann Memorial Hermann Health System Ralph Muller Robbins Schrader SafeRide Health SEMCAP SEMCAP Health Vic Kats Source Type: blogs