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CareCar

 

 

 

 

 

 

 

 

Mission Driven Finance invested in CareCar—a medical transportation company—to accelerate their patient-centered access to healthcare for vulnerable seniors and increase their quality jobs during a period of rapid growth with expanding health plan contracts.

What They Do

CareCar is a health & technology company that enables non-emergency medical transportation services through its managed marketplace platform. The company partners with managed care organizations to manage the transportation benefits for Medicare & Medicaid beneficiaries. They are based in Newport Beach and provide healthcare transportation services to vulnerable populations in California, North Carolina, and Florida. Patients request trips via phone, online, or a mobile app, and CareCar’s technology platform automatically assigns qualified drivers based on distance, training, and medical needs.

What They Stand For

CareCar differs from other medical transportation providers with their thoughtful approach to patient care and driver workforce training. They provide reliability for patients who are disconnected from access to healthcare due to disability, lack of family and personal networks, or living in rural areas.

CareCar also prioritizes providing quality jobs for drivers. Their drivers earn significantly more than with other rideshare companies and have more stable income and predictability as they earn a minimum hourly wage and work reliable shifts.

Why We Invested

After signing a new contract with a major national health insurance provider which would double current operations, CareCar needed funding to increase driver workforce and invest in company infrastructure. Mission Driven Finance provided CareCar with the capital they needed to continue to grow.

Our $500,000 loan allows CareCar to recruit and train more drivers, further develop their tech platform, and expand their service to vulnerable communities in San Diego and Imperial County.

Impact Segment

Access to healthcare

Quality job creation

Building local markets

Impact Vehicle

Advance

Investment Details

$500,000 loan made in February 2019

Impact Geography

California

North Carolina

Florida

Leadership

Joshua Itano,
Founder & CEO

Jenn Gallinger,
Co-founder & COO

Year Founded

2017