The cost of travel can rise dramatically depending on the time of year. A day trip from New York to Philadelphia on a 49 passenger bus costs less than $1,270 during weekdays, but almost double that on weekends. The length of the trip also affects the price. A one-way trip from Dallas to Houston will run about $1,500. But that’s a long way to go for an afternoon.
But for patients facing transportation barriers, the extra expense can be overwhelming. It’s estimated that these obstacles are responsible for 30% of medical no-shows, and each missed appointment can have a significant impact on overall health. That’s why realLIST ’18 startup Roundtrip has raised $1.9 million to help make it easier for hospitals and patients to get where they need to go.
The company’s technology connects non-emergency medical transport (NEMT) partners with health systems and payers to simplify transportation and improve healthcare outcomes. For example, the platform can arrange rides in any vehicle that meets a patient’s needs—including ambulances and specialty vehicles for people who use wheelchairs. It can also handle a range of payment methods, including private insurance and Medicaid/Medicare.
To help make it all work, co-founder and chief technology officer Ankit Mathur is the mastermind behind the system that runs Roundtrip. He’s not only a developer, but he looks at financial models, examines product requirements and does other important tasks that keep the business running smoothly. The company has 19 full-time employees, most of whom are based at WeWork’s Northern Liberties location.