Roundtrip, a Philadelphia, PA-based digital transportation marketplace for health outcomes, completed a $4m funding round.
This brought the total amount of financing raised to date to $10.5m.
The round was led by Motley Fool Ventures with participation from ZOLL® Medical Corporation, UH Ventures, and Grays Ferry Capital, which joined Johns Hopkins University and Ben Franklin Technology Partners.
The company intends to use the funds to geographically scale and specialize its sales, implementation and account management model, expand its health plan portfolio and technology integration capabilities and the Roundtrip Community — a customized online marketplace that streamlines medical transportation providers to rides requested by health systems and health plans, and expand its position as a comprehensive solution for non-emergency medical transportation in the United States.
Founded in 2016 and led by CEO and Founder Mark Switaj, Roundtrip is a digital transportation marketplace for healthcare professionals — care coordinators, social workers, nurses, and other transport requestors —and offers online and mobile platforms that connect patients with non-emergency medical transportation (NEMT). It supports all levels of transport: medical cars, wheelchair vans, stretcher vehicles, ALS/BLS ambulances, all payers, and all trips delivered when and where they are needed.
The company has built partnerships in over 40 states, and is currently used across the healthcare landscape. Since its Series A, the company has expanded its client base with health systems like Lifespan Health and the National Institutes of Health, while also adding to its portfolio of Medicare Advantage and other plans, with Community Health Plan of Washington and Contra Costa Health Plan.