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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 announced strong preliminary financial results for Q4 and the full year 2021, showcasing substantial growth. Fourth quarter revenue reached $107.8 million, marking a 246% increase compared to the same quarter in 2020. For the full year, total revenue hit $305 million, up 224% from $94.1 million in 2020. Net income improved to $2.5 million in Q4 versus a net loss of $4.4 million a year prior. The company continues to expand mobile health services and anticipates reporting audited results and providing guidance for 2022 in early March.

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DocGo, a leader in mobile health services, has announced its agreement to acquire three ambulance licenses and assets from Mid Atlantic Care. This strategic move allows DocGo to expand its services into the Mid-Atlantic region, specifically in Delaware, Maryland, and Pennsylvania. The deal enhances their ability to offer basic and advanced life support services, aiming to improve access to critical medical transportation for local communities.

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DocGo, a leading provider of mobile health services, has secured a multi-year contract with Aetna to deliver at-home healthcare to 2.5 million members in New York and New Jersey starting February 15, 2022. This contract enhances access to various healthcare services, including episodic and emergency care, by utilizing highly trained professionals outside traditional facilities. With operations in 28 states and the UK, DocGo aims to bridge gaps in care and elevate the quality of mobile healthcare.

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DocGo, a leading provider of last-mile mobile health services, is deploying 12 advanced life support vehicles in Upstate New York to assist local hospitals amid the Covid-19 Omicron variant surge. This initiative, in collaboration with the New York State Department of Health, includes six advanced life support units and six critical care transport units aimed at improving patient transport and relieving overcrowded medical facilities in cities like Albany and Syracuse. The vehicles are set to enhance patient access to urgent care.

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DocGo, a prominent provider of last-mile mobile health services, announced that CEO Stan Vashovsky will be presenting at the Needham Virtual Growth Conference on January 14th at 10:00 AM ET. The event will be webcasted and accessible on DocGo's investor relations webpage. DocGo’s innovative approach integrates telehealth with mobile care, enhancing patient treatment while bridging physical and virtual healthcare gaps. For further details, visit DocGo's website.

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DocGo Inc. has secured two new mobile health contracts in Nevada, valued at approximately $55 million over three years. These contracts will facilitate COVID-19 testing, vaccination programs, and at-home monoclonal antibody infusion treatments. With over 2 million COVID tests and vaccinations conducted to date, DocGo is expanding its services significantly, emphasizing their commitment to accessible healthcare. The company operates across 28 states and aims to extend its monoclonal antibody infusion program to additional U.S. markets shortly.

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DocGo has launched a new website aimed at enhancing its brand identity and growth as a leading provider of mobile health services. This redesign showcases the company's mission of delivering healthcare directly to patients through innovative mobile solutions. With a focus on accessibility and affordability, the website reflects DocGo's commitment to improving healthcare delivery. The site features engaging design elements and represents its transformation into a technology-driven healthcare innovator. DocGo continues to expand its impact on the healthcare landscape through integrated mobile solutions.

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DocGo, a leading provider of mobile health services, has launched DocGo Academy and DocGo EMS Academy, programs aimed at recruiting and training healthcare professionals amid a nationwide worker shortage. The initiatives offer free tuition for employees who remain with DocGo, combining classroom education with practical training. This strategic move not only enhances workforce capabilities but also addresses the urgent need for healthcare staff during challenging times. Plans for nationwide expansion are underway, promoting accessibility to healthcare careers.

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DocGo, a leader in mobile health services, will participate in Capstone's Annual Future of Healthcare Policy Virtual Summit on December 8. President Anthony Capone will join a panel discussing the healthcare labor force challenges stemming from the pandemic, including the impact of COVID-19 and vaccine mandates. The summit aims to connect D.C. policy issues with corporate implications, featuring industry leaders and policymakers analyzing key healthcare topics. DocGo continues to innovate in healthcare delivery through its AI-powered solutions, enhancing patient access and care efficiency.

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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