DocGo Senior Leadership Hires Deepen Public Health, Value-based Care Experience

Rhea-AI Summary

DocGo Inc. (DCGO) hires Jen McLean and Yong Kim as Vice Presidents to expand health plan partnerships and government programs. Kim brings experience from CVS Health, focusing on business growth and value-based care. McLean, from City Harvest, will lead public health initiatives. DocGo aims to democratize healthcare through innovative technology.

DocGo hires Jen McLean and Yong Kim as Vice Presidents

NEW YORK--(BUSINESS WIRE)-- DocGo Inc. (Nasdaq: DCGO), a leading provider of technology-enabled mobile health services, today announced the addition of two senior leaders bringing significant experience in large-scale public health program management and value-based care partnerships with health plans.

Yong Kim has joined as Vice President of Health Plan Partnerships from his most recent role leading business operations and strategy for CVS Health’s population health and care management programs. Jen McLean has joined as Vice President of Government and Public Health Programs from her most recent role as Chief Operating Officer of City Harvest in New York City.

“We are seeing significant momentum right now from both health plans and governments to realize the potential of virtual and deployable mobile care solutions to deliver positive, measurable results in patient health and overall savings in total costs of care,” said Lee Bienstock, CEO of DocGo. “We believe both Jen and Yong will be crucial and beneficial to expanding our programs with these core customer groups and will greatly support our mission of democratizing access to healthcare through innovative and efficient technology.”

Kim will be responsible for health plan partnerships, business growth strategy for future collaborations and value-based care programs. McLean will work with dedicated city, government and community-based organizations on mobile service solutions to help solve emergent and continuing population health needs. DocGo’s virtual, deployable care delivery model serves governments and health plans by providing healthcare, behavioral health and related support to people wherever they are outside of the walls of traditional health care facilities.

Kim’s experience across the healthcare industry includes a decade in healthcare management consulting and strategic advisory for provider and payer clients, such as HCA Healthcare and Elevance Health. He also has extensive expertise in developing and implementing large-scale programs, products and partnerships with health plans, overseeing government business strategy and overall business growth. Most recently, Kim served as Head of BizOps and Strategy, Population Health and Care Management Solutions at CVS Health, where he led business operations and defined business strategy for CVS Health’s payer-agnostic population health and care management businesses.

“As part of the DocGo team, I can't wait to get to work growing this business, designing operational models that are truly scalable and improving every facet of work for our employees, colleagues, patients and partners,” Kim said. “This company has an incredible opportunity to engage underserved segments of populations, and our team’s skills allow us to bridge the gap and find unique ways to influence and improve health outcomes.”

McLean has more than two decades of experience supporting communities and public health initiatives from her time working at City Harvest, New York City’s largest food rescue organization, where she most recently served as Chief Operating Officer. In this role, McLean led the design and implementation of the organization’s 5-year strategic plan, which led to significant growth in operations.

“DocGo’s impact and the energy they bring were some of the many reasons I was thrilled to join this team,” said McLean. “I’m focused on bringing support to DocGo’s significant public health initiatives in partnership with New York City and communities across the country. I look forward to helping this already incredible and dedicated team to further develop our operational excellence in order to continue supporting underserved populations and communities through our mobile health services.”

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 disrupts the traditional four-wall healthcare system by providing high quality, highly affordable care to patients where and when they need it. DocGo's proprietary, AI-powered 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 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 DocGo, including partnerships with health plans and governments. These statements are based on the beliefs and assumptions of DocGo’s management. Although DocGo believes that its plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, DocGo 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, including, but not limited to, statements regarding DocGo’s future actions, business strategies or models, plans, goals, future events, future revenues, future growth or performance, business trends, objectives and intentions with respect to future operations, services and products, and new and existing contracts or partnerships. 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 DocGo’s control, and which may cause DocGo’s actual results or outcomes, or the timing of results or outcomes, to differ materially from those contained in DocGo’s forward-looking statements, including, but not limited to, the following: DocGo’s ability to successfully implement its business strategy, including partnering with health plans and governments; DocGo’s reliance on and ability to maintain its contractual relationships with its healthcare provider partners and clients; DocGo’s ability to compete effectively in a highly competitive industry; DocGo’s ability to maintain existing contracts; DocGo’s reliance on government contracts; DocGo’s ability to effectively manage its growth; DocGo’s financial performance and future prospects; DocGo’s ability to deliver on its business strategies or models, plans and goals; DocGo’s ability to expand geographically; DocGo’s ability to retain its workforce and management personnel; DocGo’s ability to collect on customer receivables; DocGo’s ability to maintain its cash position; expected impacts of macroeconomic factors, including inflationary pressures, general economic slowdown or a recession, rising interest rates, foreign exchange rate volatility, changes in monetary pressure, financial institution instability or the prospect of a shutdown of the U.S. federal government; expected impacts of geopolitical instability; DocGo’s ability to improve gross margins; DocGo’s ability to implement cost-containment measures; legislative and regulatory actions; the impact of legal proceedings and compliance risk; volatility of DocGo’s stock price; the impact on DocGo’s business and reputation in the event of information technology system failures, network disruptions, cyber-attacks or losses or unauthorized access to, or release of, confidential information; the ability of DocGo to comply with laws and regulations regarding data privacy and protection; and other risk factors included in DocGo’s filings with the Securities and Exchange Commission.

Moreover, DocGo operates in a very competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible for DocGo to predict all risks and uncertainties that could have an impact on the forward-looking statements contained in this press release. The results, events and circumstances reflected in the forward-looking statements may not be achieved or occur, and actual results or outcomes could differ materially from those described in the forward-looking statements.

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. DocGo 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. DocGo’s forward-looking statements do not reflect the potential impact of any future acquisitions, mergers, dispositions, joint ventures or investments.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240220818988/en/

DocGo 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



DocGo Media:

DocGo

Michael Padovano

5W Public Relations

docgo@5wpr.com

pr@docgo.com

Source: DocGo Inc.

FAQ

Who are the new Vice Presidents hired by DocGo Inc.?

DocGo Inc. has hired Jen McLean and Yong Kim as Vice Presidents.

What is the ticker symbol for DocGo Inc.?

The ticker symbol for DocGo Inc. is DCGO.

What are Yong Kim's responsibilities at DocGo?

Yong Kim will be responsible for health plan partnerships, business growth strategy, and value-based care programs at DocGo.

What is Jen McLean's role at DocGo?

Jen McLean will work with city, government, and community-based organizations on mobile service solutions to address population health needs at DocGo.

What is the mission of DocGo Inc.?

DocGo's mission is to democratize access to healthcare through innovative and efficient technology.