Ambulnz by DocGo Launches Emergency Medical Services in Dover, Delaware

Rhea-AI Summary

DocGo Inc. (Nasdaq: DCGO) has announced that its subsidiary, Ambulnz, has launched emergency medical and 911 services in Dover, Delaware. Starting July 1, 2024, Ambulnz will provide 24/7 basic life support (BLS) ambulance services from three stations in the Dover Fire District. The company secured a three-year contract through competitive bidding to serve Dover's 38,000 residents.

This expansion builds on DocGo's existing work with the Bayhealth hospital system in Dover since January 2022. The new services are supported by a local management team and over 50 EMS field professionals. Ambulnz has worked to ensure a smooth transition from the previous provider and offered employment to qualified staff members.

Positive

• Secured a three-year contract for 911 services in Dover, Delaware
• Expanding existing operations in the area, building on previous work with Bayhealth hospital system
• Employing over 50 local EMS field professionals
• Chosen as the most efficient and cost-effective option in the bidding process

Negative

• None.

Market Research Analyst

The launch of Ambulnz services in Dover represents an expansion of DocGo's reach in the emergency medical services market. This development indicates a strong foothold in the industry, particularly given the competitive nature of the bidding process for such contracts. For investors, this is a clear signal that DocGo is successfully growing its market share and operational footprint.

Financially, winning a three-year contract to provide 911 services to approximately 38,000 residents can translate into a steady revenue stream. However, it is important to consider the potential costs involved, such as equipment, staffing and operational logistics. Investors should also be aware of the competitive landscape and the margins typically associated with such contracts in the EMS sector.

Long-term benefits for DocGo include brand recognition and trust within the community, which can pave the way for future contracts. However, it is important for the company to maintain high service standards and manage operational costs effectively to sustain profitability.

Healthcare Policy Analyst

From a policy perspective, the deployment of Ambulnz in Dover highlights the importance of public-private partnerships in delivering critical healthcare services. This collaboration with the City of Dover can serve as a model for other municipalities looking to outsource emergency medical services to private providers, especially if Ambulnz can demonstrate cost efficiency and improved service quality.

For retail investors, the long-term implication is that DocGo may be positioned strategically to bid for similar contracts in other regions. This ability to secure public contracts not only diversifies their revenue streams but also adds a layer of stability to their business model. However, it also means that the company is subject to the regulatory and operational challenges that come with public sector contracts, which can sometimes be complex and demanding.

NEW YORK--(BUSINESS WIRE)-- DocGo Inc. (Nasdaq: DCGO) (“DocGo” or the “Company”), a leading provider of technology-enabled mobile health services, today announced that its Ambulnz subsidiary has launched emergency medical and 911 services in Dover, Delaware.

Ambulnz by DocGo Launches Emergency Medical Services in Dover, Delaware. (Photo: Business Wire)

On July 1, 2024, Ambulnz began providing basic life support (BLS) ambulances 24 hours a day, seven days a week, operating out of three stations in the Dover Fire District. The services are supported by a local management team and over 50 EMS field professionals. Ambulnz will now provide 911 services to the roughly 38,000 residents of Dover over the course of a three-year contract, which was awarded through a competitive bidding process.

This launch of 911 services represents an expansion of DocGo’s ongoing work in Dover, where the company has supported the Bayhealth system of hospitals since January 2022.

“We appreciate the trust that the City of Dover is placing in us to provide its residents with 911 and emergency medical services,” said Tyler Selak, Senior Director of Operations, DocGo. “Our trained medical professionals are local EMTs and paramedics with prior experience working in 911 systems. We will leverage our Dover EMS Division Ambulnz vehicles for efficient and effective emergency response, as well as support in special event standby services.”

Ambulnz has worked to ensure a seamless transition from the previous 911 service provider and offered employment to staff in good standing who wish to continue working in the area.

“Ambulnz’s experience working with communities and providing 911 services will be incredibly beneficial to our residents,” said Kay Sass, Public Affairs and Emergency Management Coordinator for Dover. “In the bidding process, they emerged as the most efficient and cost-effective option available. We’ve already seen incredible collaboration by Ambulnz with the City and community partners so far – in fact, prior to the contract starting, they stepped up to provide necessary standby EMS services at several local events with little notice.”

DocGo strives to deliver mobile health and emergency services to residents and customers and provide high-quality, highly-accessible care for patients when and where they need it most.

About DocGo
DocGo is leading the proactive healthcare revolution with an innovative care delivery platform that includes mobile health services, remote patient monitoring and ambulance services. DocGo is helping to reshape the traditional four-wall healthcare system by providing high quality, highly accessible care to patients where and when they need it. DocGo’s proprietary technology and dedicated field staff of certified health professionals elevate the quality of patient care and drive business efficiencies for facilities, hospital networks and health insurance providers. With Mobile Health, DocGo empowers the full promise and potential of telehealth by facilitating healthcare treatment, in tandem with a remote physician, in the comfort of a patient’s home or workplace. Together with DocGo’s integrated Ambulnz medical transport services, DocGo is bridging the gap between physical and virtual care. For more information, please visit www.docgo.com.

Forward-Looking Statements
This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, among other things, the plans, strategies, outcomes, and prospects, both business and financial, of the Company, including the Company’s provision of services pursuant to its new contracts and the expected benefits of such contracts. These statements are based on the beliefs and assumptions of the Company’s management. Although the Company believes that its plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, the Company cannot assure you that it will achieve or realize these plans, intentions, outcomes, results or expectations. Accordingly, you should not place undue reliance on such statements. All statements other than statements of historical fact are forward-looking. In some cases, these statements may be preceded by, followed by or include the words “believes,” “estimates,” “expects,” “projects,” “forecasts,” “may,” “might,” “will,” “should,” “could,” “can,” “would,” “design,” “potential,” “seeks,” “plans,” “scheduled,” “anticipates,” “intends” or the negative of these terms or similar expressions.

Forward-looking statements are inherently subject to substantial risks, uncertainties and assumptions, many of which are beyond the Company’s control, and which may cause the Company’s actual results or outcomes, or the timing of results or outcomes, to differ materially from those contained in the Company’s forward-looking statements, including, but not limited to the following: the ability of the Company to realize the benefits of its contracts; the Company’s ability to successfully implement its business strategy; the Company’s reliance on and ability to maintain its contractual relationships with its healthcare provider partners and clients; the Company’s ability to compete effectively in a highly competitive industry; the Company’s ability to maintain existing contracts; the Company’s reliance on government contracts; the Company’s ability to effectively manage its growth; the Company’s financial performance and future prospects; the Company’s ability to deliver on its business strategies or models, plans and goals; the Company’s ability to expand geographically; the Company’s competitive position and opportunities, including its ability to realize the benefits from its operating model; and other risk factors included in the Company’s filings with the Securities and Exchange Commission.

The forward-looking statements made in this press release are based on events or circumstances as of the date on which the statements are made. The Company undertakes no obligation to update any forward-looking statements made in this press release to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as and to the extent required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240715876278/en/

Media:

Josh Rosenfeld

Avoq

908-770-7204

Jrosenfeld@teamavoq.com

Investors:

Mike Cole

DocGo

949-444-1341

mike.cole@docgo.com

ir@docgo.com

Steve Halper

LifeSci Advisors

646-876-6455

shalper@lifesciadvisors.com

ir@docgo.com

Source: DocGo Inc.

FAQ

When did Ambulnz by DocGo (DCGO) start providing emergency medical services in Dover, Delaware?

Ambulnz by DocGo (DCGO) began providing emergency medical and 911 services in Dover, Delaware on July 1, 2024.

How long is the contract for Ambulnz by DocGo (DCGO) to provide 911 services in Dover, Delaware?

Ambulnz by DocGo (DCGO) secured a three-year contract to provide 911 services in Dover, Delaware.

How many residents will Ambulnz by DocGo (DCGO) serve in Dover, Delaware?

Ambulnz by DocGo (DCGO) will provide 911 services to approximately 38,000 residents of Dover, Delaware.

How many EMS field professionals does Ambulnz by DocGo (DCGO) employ for its Dover, Delaware operations?

Ambulnz by DocGo (DCGO) employs over 50 EMS field professionals for its operations in Dover, Delaware.