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DocGo Inc. - DCGO STOCK NEWS

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.

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DocGo has announced a multi-year contract with Empire BlueCross BlueShield to offer mobile health services to an additional 4.5 million residents in New York. Starting June 1, 2022, this contract will enhance access to in-home medical care for commercial, Medicare, and Medicaid populations. DocGo aims to improve healthcare accessibility outside traditional facilities, aligning with Empire's mission to enhance the health of New Yorkers. This expansion signifies DocGo's growth momentum in the mobile healthcare sector.

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DocGo (NASDAQ: DCGO) will report its Q1 results for the period ending March 31, 2022, on May 9, 2022, after market close. An investor conference call is scheduled for May 10, 2022, at 8:30 AM ET. DocGo specializes in last-mile mobile health services and integrated medical transportation, aiming to modernize healthcare delivery. The company highlights its innovative technology and certified professionals that enhance patient care and operational efficiency. Investors can access the call details and webcast through the company's investor relations page.

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DocGo has partnered with Jefferson Health to transport the first patient using an all-electric, zero-emissions ambulance, marking a significant milestone in sustainable healthcare solutions. This vehicle, registered as the first of its kind in the U.S., is designed to be 1/10th as polluting as traditional gasoline ambulances. The electric ambulance will begin regular patient transports and is part of DocGo's goal to establish an all-electric fleet by 2032. The collaboration, ongoing since May 2019, aims to improve mobile medical care delivery in the U.S.

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DocGo, a leader in mobile health services, will showcase its all-electric, zero-emissions ambulance at the New York International Auto Show from April 15-24, 2022. This innovative ambulance emits only 10% of the pollutants of traditional models, aligning with the company’s commitment to sustainability. DocGo aims for an all-electric fleet by 2032. This exhibition provides an opportunity for attendees to engage with representatives and learn about the future of eco-friendly medical transportation, part of the show's focus on electric vehicles.

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DocGo (NASDAQ: DCGO), a leader in last-mile mobile health services, announced that CEO Stan Vashovsky and CFO Andre Oberholzer will present at the 21st Annual Needham Virtual Healthcare Conference on Tuesday, April 12, at 4:30 PM Eastern Time. The event will be accessible via a webcast on the investor relations section of DocGo’s website. DocGo aims to enhance patient care through its integrated medical mobility solutions, bridging physical and virtual healthcare delivery.

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DocGo (NASDAQ: DCGO) announces significant growth in the UK through its subsidiary, Ambulnz Community Partners, which has secured three new contracts. These contracts will facilitate the expansion of services into new territories, including East and Central England and Greater Manchester. This initiative aims to enhance patient access to medical transportation, including emergency services and maternity transfers. The company is committed to delivering high-quality healthcare and expanding its international footprint.

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DocGo is set to host a fireside chat on March 30, 2022, at 2:00 PM ET, featuring key customers Carnival Corporation and Thomas Jefferson University. The event, moderated by Steve Halper from LifeSci Advisors, will include discussions on mobile health services and how DocGo enhances care quality while reducing costs. Participants include Javonte Anyabwele from Carnival and Dr. Judd E. Hollander from Thomas Jefferson University. A Q&A session will follow the discussion. Register for the event here.

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DocGo (NASDAQ:DCGO) reported remarkable financial results for Q4 and the full year ending December 31, 2021. Q4 revenue soared to $121.3 million, up 289% from $31.2 million the previous year. For the full year, revenue reached $318.7 million, a 239% increase from $94.1 million in 2020. The company achieved positive adjusted EBITDA of $17.3 million in Q4 and $25.1 million for the year, alongside net income of $20.3 million in Q4.

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FAQ

What is the current stock price of DocGo (DCGO)?

The current stock price of DocGo (DCGO) is $3.49 as of November 4, 2024.

What is the market cap of DocGo (DCGO)?

The market cap of DocGo (DCGO) is approximately 362.7M.

What services does DocGo Inc. provide?

DocGo Inc. offers mobile medical services, including on-site health assessments, remote patient monitoring, and urgent care. They also provide non-emergency medical transportation.

In which regions does DocGo Inc. operate?

DocGo Inc. operates in 26 US states and the United Kingdom.

What are the main segments of DocGo Inc.?

DocGo Inc. operates through three segments: Mobile Health Services, Transportation Services, and Corporate.

What is the primary revenue-generating segment for DocGo Inc.?

The primary revenue-generating segment for DocGo Inc. is Mobile Health Services.

What recent achievements has DocGo Inc. accomplished?

DocGo Inc. has expanded its service areas, integrated advanced technology in patient care, and formed strategic partnerships with healthcare providers.

What is the focus of DocGo Inc.'s Transportation Services segment?

The Transportation Services segment focuses on non-emergency medical transportation, ensuring safe travel for patients to and from healthcare appointments.

How does DocGo Inc. support operational efficiency?

DocGo Inc.'s Corporate segment manages administrative functions and strategic initiatives to support operational efficiency and growth.

How has DocGo Inc. demonstrated financial growth?

DocGo Inc. has shown steady financial growth through its diversified services and innovation in healthcare delivery.

What is the significance of DocGo Inc.'s expanded service footprint?

The expanded service footprint allows DocGo Inc. to provide timely and efficient healthcare to a broader population, enhancing access to medical services.

How does technology play a role in DocGo Inc.'s services?

DocGo Inc. leverages advanced technology in patient care to improve service delivery and patient outcomes, making healthcare more accessible and efficient.

DocGo Inc.

Nasdaq:DCGO

DCGO Rankings

DCGO Stock Data

362.71M
102.32M
9.88%
54.24%
7.12%
Medical Care Facilities
Services-health Services
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United States of America
NEW YORK