K
Kinetik
👤 Sufian Chowdhury (Healthcare consultant who drove rides himself, then worked from customers' back offices with two co-founders for 18 months.)🌐 siteLinkedIn
A friend kept five years of van rides in one Excel sheet. Kinetik turned that into $1.1B in claims.
Will it work? · our read
Depth, not speed. Five years to the first $1M, then close to ten times that in one year. The slow part was learning an industry nobody had bothered to digitize; the fast part came free.
01How the money moves
Van company completes a Medicaid ride
→
Kinetik auto-builds the claim to 1 of 3,100 payers
→
Providers pay for billing, health plans pay for scheduling
02The numbers
About $10M ARRStatedARR, founder said 2023
2023
Claims processed is money moved for customers, not Kinetik revenue. kinetik.care/company
Founder's own words on a 2023 podcast. No revenue figure published since.
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You have the verdict. Members get the work behind it.
- The CENTS scorecard — where it's strong, where it's soft
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SaaS Club #360 — founder: "approaching eight figures in ARR", 3,100 payers, 250+ customers (2023)kinetik.care/company — founded 2017, 70 team members, $32M+ raised, $1.1B claims processed, 1.5M+ members servedMediRoutes pricing — $150-250/mo plus $0.50 per managed trip, rival dispatch toolSEC EDGAR: ModivCare — Form 15-12G filed 2025-12-29, securities deregistered
Revenue is the founder's own phrase on a SaaS Club podcast, "approaching eight figures in ARR"; we round that to about $10M. The episode page prints no publish date anywhere, so we cite the year only, 2023, and flag the figure as three years old. Kinetik has published no revenue figure since. The $1.1B on its site is claims processed for customers, not company revenue, and 1.5M+ is members served. Not a bootstrapper: the same page states $32M+ raised. One caution we could not resolve: the founder said "approaching about 100 employees" in 2023, while the site now says 70 team members — either a change in what counts or a contraction [our read]. No drama documented; the near-death was COVID, when Kinetik lost 70% of customers and stopped sales at 35 accounts. We never score you.