Welcome to our dedicated page for DocGo news (Ticker: DCGO), a resource for investors and traders seeking the latest updates and insights on DocGo stock.
DocGo Inc. (DCGO) is a prominent provider of mobile medical services and transportation across 26 US states and the United Kingdom. The company specializes in delivering last-mile mobile health services and integrated medical mobility solutions, ensuring quality healthcare access wherever it's needed. DocGo operates through three primary segments: Mobile Health Services, Transportation Services, and Corporate, with Mobile Health Services being the most significant revenue contributor.
DocGo's Mobile Health Services segment encompasses a wide range of medical offerings, including on-site health assessments, remote patient monitoring, and urgent care. These services aim to bridge the gap between traditional healthcare facilities and patients, providing timely and efficient care right at the patient's location.
The Transportation Services segment focuses on non-emergency medical transportation, ensuring patients can safely travel to and from healthcare appointments. This segment is essential for maintaining consistent patient care, particularly for individuals with mobility challenges or those requiring specialized transport vehicles.
DocGo's Corporate segment manages administrative functions and strategic initiatives, supporting the operational efficiency and growth of the company's primary services. Recent achievements for DocGo include expanding its service areas, integrating advanced technology in patient care, and forming strategic partnerships with notable healthcare providers to enhance service delivery and patient outcomes.
Financially, DocGo has demonstrated steady growth, bolstered by its diversified service offerings and commitment to innovation in healthcare delivery. The company's focus on expanding its footprint and leveraging technology positions it to continue thriving in the dynamic healthcare sector.
DocGo, a leading provider of mobile health services, will unveil America’s first all-electric, zero-emissions ambulance and the concept ‘Hoverlance’ at Citi Field during the Subway Series on July 27, 2022, at 5:00 p.m.. This event aims to showcase the company's innovative technologies to an estimated 40,000 fans attending the New York Mets vs. New York Yankees game. The Hoverlance features quad-copters for aerial response and military-grade tank tracks for versatile terrain access, reinforcing DocGo's commitment to advancing emergency medical transport.
DocGo (NASDAQ: DCGO) has been included in the Russell 2000® Index following the Russell indexes' annual reconstitution on June 27, 2022. This inclusion, which is valid for one year, signifies the company's growth since its public debut in November 2021. CEO Stan Vashovsky expressed pride in the achievement and highlighted the importance of innovation in healthcare delivery. The Russell indexes are utilized by investment managers overseeing approximately $10.6 trillion in assets.
DocGo, a leader in mobile health services, announced a partnership with L.A. Care Health Plan to provide in-home medical care to Medicare and Medicaid members in Los Angeles County. This collaboration, starting in August 2022, aims to enhance healthcare accessibility for underserved populations. DocGo will focus on delivering care to patients discharged from hospitals, addressing urgent medical needs to minimize ER visits. This initiative marks a significant expansion for DocGo on the West Coast, supporting its mission of transforming healthcare delivery.
DocGo (NASDAQ: DCGO), a leader in last-mile mobile health services, has announced participation in two upcoming conferences. President Anthony Capone will join a panel discussion at the Cowen FutureHealth Conference on June 22 at 12:40 PM ET, while CEO Stan Vashovsky will attend the 8th Annual Roth London Conference on June 23, providing on-site medical services. DocGo specializes in integrated ambulance transportation and mobile health, aiming to disrupt traditional healthcare systems by offering affordable, high-quality care where patients need it.
DocGo (NASDAQ: DCGO) will present at two conferences on June 7, 2022: Stifel 2022 Cross Sector Insight Conference in Boston at 3:35 PM ET and LD Micro Invitational in Westlake Village, CA at 4:30 PM ET. CEO Stan Vashovsky and Investor Relations Mike Cole will lead the presentations, which will be accessible via webcast on the company's investor relations website. DocGo specializes in last-mile mobile health services, aiming to provide affordable care outside traditional healthcare settings.
DocGo (NASDAQ: DCGO) has authorized a $40 million share repurchase program, which reflects the Board's confidence in the company's growth and financial health. The firm reported $199 million in cash and equivalents, allowing for this buyback strategy. The program aims to enhance shareholder value and may involve various purchase methods, including open market transactions. It is set to expire on November 24, 2023. DocGo aims to leverage its strong cash flow and capital position to support this initiative.
DocGo (NASDAQ: DCGO) announced that President Anthony Capone will present at the H.C. Wainwright Global Investment Conference on May 24 at 7:00 A.M. ET. The presentation will be accessible via the investor relations section of DocGo’s website. The company specializes in last-mile mobile health services and integrated medical transportation solutions, leveraging innovative technology and a dedicated team to enhance patient care and operational efficiencies.
DocGo, a leader in mobile health services, has expanded its partnership with Carnival Corporation to provide on-ship health services at eight new cruise ports across the U.S., Canada, England, and Australia. This collaboration enhances passenger care by offering screenings and medical support during cruises. Since 2020, DocGo has facilitated over 182,000 patient interactions. The partnership signifies growth in onboard medical support staff and expanding service reach, aiming to ensure passenger health and safety during travel.
DocGo (NASDAQ: DCGO), a leader in last-mile mobile health services, announced that CEO Stan Vashovsky and CFO Andre Oberholzer will present at the 17th Annual Needham Technology & Media Conference on Tuesday, May 17, at 2:15 PM Eastern Time. Investors can access a webcast of the event on DocGo's investor relations website. DocGo aims to disrupt traditional healthcare systems by providing integrated medical transportation and telehealth solutions, enhancing patient care and operational efficiency for healthcare providers.
DocGo (Nasdaq:DCGO) reported Q1 2022 revenue of $117.9 million, a remarkable 137% increase from $49.7 million in Q1 2021. The company estimates that $38 million of this revenue came from Covid testing.
Net income improved to $9.4 million, recovering from a $2.0 million loss a year prior. Mobile Health revenue surged to $90.1 million, while medical transport revenue rose by 46% to $27.8 million. The company maintains a revenue guidance of $400-420 million for 2022, projecting annual growth of 25-32%.
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