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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 (Nasdaq: DCGO) has announced a partnership with Spect to enhance eye and vision health services. This collaboration allows DocGo's mobile health clinicians to use Spect's hand-held retinal cameras, providing scalable, cost-effective diabetic retinopathy and other eye disease screenings at patients' homes and workplaces.
This initiative aims to improve patient care and health plan quality ratings by integrating these screenings into DocGo's services. Spect's platform, known for its ease of use and minimal training requirements, can identify various eye diseases, including glaucoma and macular degeneration. The partnership focuses on supporting DocGo's health plan partnership offerings and addressing care gaps through in-home medical visits.
DocGo, a leader in technology-enabled mobile health services, announced five new contracts to enhance its remote patient monitoring (RPM), virtual care management (VCM), and chronic care management (CCM) services. These contracts include partnerships with a national health plan, a Pacific Northwest not-for-profit health system, a hospital clinic in Oklahoma, a cardiovascular institute in Delaware, and an assisted living provider in the Southwest. The contracts are expected to increase patient access to essential healthcare services, helping underserved populations and expanding DocGo's market reach.
DocGo, a leading provider of technology-enabled mobile health services, announced its participation in the iAccess Alpha Buyside Best Ideas Summer Conference 2024. Scheduled for June 25 and 26, 2024, the event will feature a presentation by DocGo's CEO, Lee Beinstock, at 2:00 PM Eastern Time on June 25. Additionally, one-on-one meetings with company management will occur on June 26. Organized by iAccess Alpha, the virtual conference will offer company presentations and follow-up meetings between investors and management teams. The event aims to provide investors with valuable insights and networking opportunities. For more details or to schedule a meeting, visit the conference website. The presentation will be webcast live and available for replay on both the conference and DocGo's investor relations websites.
DocGo (Nasdaq: DCGO), a prominent provider of mobile health services, announced the creation of a Medical Advisory Board (MAB) to support its executive team. The MAB will aid DocGo in enhancing its virtual, in-person, and mobile healthcare services in the US and UK. The board includes distinguished professionals such as Dr. Ben Bobrow, Dr. Jagmeet Singh, Dr. Andy Jagoda, Dr. Clive Kevan Fields, Dr. Ries Robinson, Dr. Jesse Roach, and Dr. James Powell. Their collective expertise will help drive innovation, improve healthcare access, and elevate patient care. The MAB aims to meet regularly and may expand to include more specialties.
DocGo (Nasdaq: DCGO), a prominent provider of technology-enabled mobile health services, has been recognized by U.S. News & World Report as one of the 2024-2025 Best Companies to Work For. This accolade highlights DocGo's commitment to meeting employee needs and fostering a positive work environment. Factors considered include quality of pay and benefits, work-life balance, stability, and career opportunities. DocGo's CEO, Lee Bienstock, emphasized that the company's success is driven by its dedicated team, reinforcing their mission to provide high-quality healthcare. The rankings included 549 companies and were based on data such as employee sentiment and reviews.
DocGo, a leader in technology-enabled mobile health services, announced its upcoming participation at the Stifel Cross Sector Insight Conference.
CEO Lee Bienstock will present on June 5 at 1:15 PM Eastern Time.
A webcast of the event will be available on the investor relations section of DocGo's website.
DocGo Inc. (Nasdaq: DCGO) reported strong first-quarter 2024 results with total revenue of $192.1 million, a 70% increase from the previous year. The company achieved a net income of $10.6 million, a significant improvement from a net loss in the same period last year. Adjusted EBITDA reached $24.1 million, up 330% year-over-year. Despite a revision in revenue guidance due to the wind-down of migrant services, DocGo remains optimistic about its base business growth and expects an adjusted EBITDA margin of over 10% in 2025.
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