Today Solve.Care (SOLVE) has announced a partnership with Uber and more specifically their health care division, Uber Health.
Solve.Care (SOLVE) is a global healthcare platform which users blockchain technology for the administration, coordination, and payments of healthcare benefits. Having announced a partnership with Uber Health they intend to allow health care organizations to provide accessible and affordable rates to patients and caregivers.
“Every year, an estimated 3.6 million Americans miss their medical appointments due to lack of reliable transportation, with the cost of missed primary care appointments estimated at $150 billion annually,” according to Mr. Trigub, the Head of Uber Health. Mr. Trigub continues on to state how “Our partnership with Solve.Care supports our efforts by bringing innovation to the healthcare space and driving greater accessibility to care for patients.”
Solve.Care is facilitating Uber Health’s ability to provide rides to patients while innovating within the healthcare transport space.
Benefits to SOLVE & Uber Health
The immediate benefits to Solve.Care, the SOLVE token, and Uber Health include the integration of Uber Health’s transportation solutions into Solve.Care’s wallet, the Care.Wallet. Through the Care.Wallet, patients will be able to schedule Uber Health’s HIPAA compliant rideshare product. Pre-approved and pre-determined appointments can be scheduled in advance so there is no need for the patient to have the Uber app or even a smartphone on the day of the appointment.
Commenting on the development, Pradeep Goel, the CEO of Solve.Care, stated:
“Through our partnership with Uber Health, Solve.Care is bringing managed transportation benefits to healthcare programs…By offering access to this Non-Emergency Medical Transportation (NEMT) service, we expect to improve results…and reduce overall healthcare costs for everyone.”
Reducing the costs of transportation for medical patients, while partnering with the largest ridesharing application should be a major catalyst for Solve.Care awareness.
One of the most important aspects of the partnership is patients can pay for and schedule their ride from their Care.Wallet. They are also able to share the ride costs with family members, employers, and insurers.
“We believe our partnership with Uber Health supports Solve.Care in our mission to become the leading global healthcare benefits administration solution and help eradicate barriers to care for patient populations,” declared Solve.Care’s CEO, Mr. Goel.
One of the most important aspects of the entire Uber and Solve.Care announcement is that the Care.Wallet is expected to be deployed by a U.S. insurer in the 3rd quarter of 2019. This means the SOLVE token will be utilizable on a platform integrated with Uber and an insurance provider, intending to reduce the costs of the actual patient rides.
The SOLVE token is an interesting option as Solve.Care has now partnered with Lyft and Uber to provide ridesharing services to medical patients. There are allegedly partnerships with insurance providers ready to be announced and implemented in the 3rd quarter of 2019.
Utility and publicity are what predominantly drive value in any market. The SOLVE token and wallet will now have publicity from Uber, Lyft, U.S. insurers, and health care providers. The utility of the token is significant as patients will acquire it to be used on their Care.Wallet.
In analyzing a token it is always important to look at the market cap, tokens in circulation, and lock up period. SOLVE has a market cap of approximately $100 million with a little more than 1/3 of their total tokens in circulation. Solve.Care currently has a large majority of their SOLVE tokens locked up not allowing them to be market sold during major announcements such as Lyft and Uber. This approach is much more professional and respected.
As patients, insurers, employers, doctors, and rideshare companies begin to promote the non-emergency medical transport service it will likely have a positive impact on SOLVE’s adoption and utilization.
Adoption, utilization, and publicity are primary factors that drive value.
NEMT Issues are SOLVEd
SOLVE has now solidified partnerships with both Uber and Lyft. They have already stated an insurer is their third quarter partner which will be the final piece of the puzzle to drive adoption and patient use.
It seems SOLVE has found a niche within the blockchain space that needed assistance. Partnering with Uber, Lyft, insurers, and U.S. patients will likely provide SOLVE the utility, publicity, and adoption needed to take their cryptocurrency to the ‘next level.’
With partnerships of this magnitude and such few current exchange listings, there are many catalysts in SOLVE’s future that could provide substantial returns.
[Disclaimer: This views expressed in this article do not reflect the views of Blockchain Reporter and should not be taken as financial advice.]
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