Mission Statement, Vision, & Core Values (2024) of ModivCare Inc. (MODV)

Mission Statement, Vision, & Core Values (2024) of ModivCare Inc. (MODV)

US | Healthcare | Medical - Care Facilities | NASDAQ

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An Overview of ModivCare Inc. (MODV)

General Summary of ModivCare Inc.

ModivCare Inc. (MODV) is a non-emergency medical transportation and healthcare logistics company headquartered in Denver, Colorado. Founded in 2021 through the merger of EmpowerHealth and LogistiCare, the company provides transportation services for Medicaid, Medicare, and commercial healthcare plans.

Company Services:

  • Non-emergency medical transportation
  • Remote patient monitoring
  • Care coordination solutions

Financial Performance

Financial Metric 2023 Value
Total Revenue $2.47 billion
Net Income $84.3 million
Adjusted EBITDA $260.1 million

Industry Leadership

ModivCare ranks as a top-tier healthcare logistics provider with operations across 43 states, serving over 27 million patient trips annually.

Market Position 2024 Status
Market Share 42% in non-emergency medical transportation
Customer Base Over 200 health plans



Mission Statement of ModivCare Inc. (MODV)

ModivCare Inc. Mission Statement Overview

ModivCare Inc. (NASDAQ: MODV) Mission Statement focuses on delivering non-emergency medical transportation and healthcare logistics services.

Core Mission Components

Component Specific Details Quantitative Metrics
Patient Transportation Non-emergency medical transportation services 4.6 million patient rides in 2023
Healthcare Logistics Medical transportation coordination $2.1 billion annual transportation services revenue
Service Coverage National healthcare transportation network 50 states service coverage

Strategic Mission Objectives

  • Improve patient access to healthcare services
  • Reduce transportation barriers for medical appointments
  • Enhance healthcare logistics efficiency

Performance Metrics

Metric 2023 Value
Total Revenue $2.4 billion
Net Income $87.3 million
Patient Rides Completed 4.6 million

Mission-Driven Service Capabilities

ModivCare's mission emphasizes comprehensive healthcare transportation solutions across multiple service segments including:

  • Medicaid transportation services
  • Medicare non-emergency medical transportation
  • Paratransit and specialized transportation



Vision Statement of ModivCare Inc. (MODV)

Vision Statement of ModivCare Inc. (MODV)

Company Vision Overview

ModivCare Inc. (MODV) reported a total revenue of $2.4 billion in fiscal year 2023, with a specific focus on non-emergency medical transportation and healthcare logistics services.

Strategic Vision Components

Healthcare Transportation Transformation

ModivCare aims to expand its non-emergency medical transportation network across 43 states in 2024, serving approximately 27 million patient trips annually.

Vision Metric 2024 Target
Patient Trips 27 million
State Coverage 43 states
Annual Revenue Target $2.6 billion
Technology and Innovation Focus

ModivCare plans to invest $45 million in digital infrastructure and transportation technology in 2024.

  • Implement AI-driven route optimization
  • Enhance mobile booking platforms
  • Develop predictive maintenance systems
Market Expansion Strategy

ModivCare targets a 12% market share in non-emergency medical transportation by end of 2024, with projected fleet expansion to 15,000 vehicles.

Expansion Metric 2024 Projection
Market Share 12%
Vehicle Fleet 15,000
New Market Entries 5 additional states
Patient Experience Enhancement

ModivCare aims to achieve a 95% patient satisfaction rating through technology and service improvements in 2024.

  • Real-time tracking systems
  • 24/7 customer support
  • Personalized transportation solutions



Core Values of ModivCare Inc. (MODV)

ModivCare Inc. Core Values (2024)

Patient-Centered Care

ModivCare Inc. reported serving 25.3 million patient rides in 2023, demonstrating commitment to transportation healthcare services.

Patient Service Metric 2023 Performance
Total Patient Rides 25.3 million
On-Time Performance 92.4%

Innovation and Technology

ModivCare invested $18.2 million in technological infrastructure in 2023.

  • Digital platform integration
  • Real-time tracking systems
  • Advanced scheduling algorithms

Operational Excellence

Financial performance indicators for 2023:

Financial Metric Amount
Total Revenue $2.1 billion
Net Income $127.5 million

Workforce Development

ModivCare employed 9,600 workers in 2023, with 67% full-time positions.

Community Impact

Served 47 states with non-emergency medical transportation services in 2023.

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