Veyo is an example of future’s tech exciting path toward inclusivity. The San Diego startup is using future-tech tools like big data and predictive software to deliver lower cost, higher performance non-emergency medical transportation for the economically disadvantaged.
The company is at the heart of future tech's mass-market economic potential for providing all Americans with goods and services that are cheaper, easier to use, safer and healthier.
Veyo’s business plan is to reduce the $5 billion that Medicaid annually spends to provide 3.6 million transportation events for the economically disadvantaged. Veyo’s strategy is to use big data and predictive software to reduce costly inefficiencies while also making quantum leaps in patient service. After only one year of operations, covering just $120 million out of this $5 billion annual revenue market segment, Veyo has achieved:
GPS vehicle-tracking is core to the company's big data stream. And Veyo is the first in the EMT industry to track every vehicle using GPS.
Veyo uses predictive software to process their big data streams in dispatching vehicles. This is done in real time. For example, if an originally dispatched vehicle cannot achieve the targeted on-time pickup goal, Veyo’s smart system will identify and dispatch an alternative vehicle to achieve the targeted pickup time.
Veyo connects its real-time predictive software system to a multiple-channel customer-communications system. Patients can choose to receive pickup status information through a phone call from Veyo, by checking a Web portal or by receiving smart phone alerts. This same type of multiple-channel communications path is also used by customers for service reservations.
This is a lesson for every business. The companies most successful at recruiting millennials have baked being "cool with a purpose” into every job versus having a corporate responsibility department that does cool and purposeful things.
You can watch my four-minute edited video interview with Komenda below, where he explains how Veyo is using future tech to lower costs, improve customer service and grow jobs.
San Diego-based Veyo, with locations in Colorado, Idaho, Texas and Michigan, provides tangible evidence that future tech can be inclusive to all Americans. And future tech companies like Veyo are emerging as America’s economic and jobs growth engines.
Veyo is also demonstrating that future tech will serve all Americans.
That is future tech's, and our, future. Explosive growth won from delivering inclusive solutions that cost less and mean more.
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Bill Roth is a cleantech business pioneer having led teams that developed the first hydrogen fueled Prius and a utility scale, non-thermal solar power plant. Using his CEO and senior officer experiences, Roth has coached hundreds of CEOs and business owners on how to develop and implement projects that win customers and cut costs while reducing environmental impacts. As a professional economist, Roth has written numerous books including his best selling The Secret Green Sauce (available on Amazon) that profiles proven sustainable best practices in pricing, marketing and operations. His most recent book, The Boomer Generation Diet (available on Amazon) profiles his humorous personal story on how he used sustainable best practices to lose 40 pounds and still enjoy Happy Hour!