A Convertible Note is debt that converts to equity. If you invest, you're betting Ride Velo, Inc will be worth more than $6M in the future.
Ride Velo is a ridesharing company that puts the community first. We provide non-emergency medical transportation (NEMT) to patients, which improves access, encourages better compliance, and reduces missed medical appointments.
The Non-Emergency Medical Transportation (NEMT) sector is broken and is burdened by substantial administrative expenses. A staggering 3.6 million outpatient appointments go unattended each year due to transportation challenges, culminating in an annual loss of $150 billion attributed solely to missed appointments. There is also an adverse impact on the health and well-being of patients who are unable to fulfill their appointments
Ride Velo is dedicated to ensuring the secure and efficient transportation of patients to help them reach their medical appointments with ease. The Ride Velo Non-Emergency Medical Transportation service operates on a straightforward pricing structure, with a set base fare for the initial mile, followed by a consistent per-mile rate established in accordance with Medicaid guidelines.
Ride Velo handles the submission of claims to various healthcare providers, including insurers, Medicare, and Medicaid, streamlining the process for clients. Patients can simply contact their insurance providers to obtain the necessary authorization for their ride. Once authorization is granted, our drivers promptly receive notifications and are ready to safely transport patients to their medical appointments.
The U.S. Healthcare Transportation Services Market was worth around USD 15,295.6 million in 2021 and is estimated to grow to about USD 24,137.6 million by 2028, with a compound annual growth rate (CAGR) of approximately 7.9 percent over the forecast period. The growing need for speedy mobility and an improving healthcare system are the primary drivers driving the market's growth.
Ride Velo is already operational and is not only driving revenue, but helping the wellbeing of the communities we serve. With our unique and proven business model, we intend to be the leader in the U.S. Healthcare Transportation Services Market. Invest today and join us in not only building a business, but improving the health and wellbeing of our customers.