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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 Inc (NASDAQ: DCGO) announced the participation of President and COO Lee Bienstock in a fireside chat at the 22nd Annual Needham Virtual Healthcare Conference on April 20 at 2:15 PM ET. The event aims to showcase the company's innovative approach in providing last-mile mobile health services, enhancing patient care through technology and certified health professionals. DocGo's services aim to improve healthcare delivery by bridging physical and virtual care, empowering telehealth capabilities in patients' homes or workplaces. A webcast will be accessible on DocGo's investor relations website.

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DocGo (NASDAQ: DCGO) announced that CEO Anthony Capone will join a panel at HIMSS23 in Chicago on April 18, from 3:00 PM to 4:00 PM. The panel, led by Life365’s Kent Dicks, will discuss the "Virtual First Approach to Augment Consumer Care Delivery at Home." Capone aims to explore virtual care technology solutions to enhance patient engagement and outcomes. This event highlights the growing importance of virtual care in healthcare delivery. For more details, please register for HIMSS23 here.

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DocGo (Nasdaq:DCGO) reported substantial growth in new business contracts, securing over $180 million in revenue contracts and expansions for the next three years since January 2023. Key partnerships include a not-for-profit health system in Philadelphia, a hospital network in Long Island, and federally funded hospitals. The company plans to enhance its mobile health services and will hire hundreds of clinicians while expanding its fleet by 100 vehicles, promoting sustainable practices through its Zero Emission initiative. All contracts are expected to roll out by the end of Q3 2023.

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DocGo Inc. (Nasdaq: DCGO) reported a significant revenue increase in 2022, reaching $440.5 million, a 38% rise from $318.7 million in 2021. Mobile Health revenue grew to $325.9 million, marking a 39% increase, while net income rose by 60% to $30.7 million. The company projects 2023 revenue between $500-$510 million, a 14%-16% growth over 2022. In Q4 2022, total revenue was $108.8 million, down from $121.3 million in Q4 2021, impacted by reduced COVID testing revenue. DocGo announced new partnerships and secured a $90 million line of credit, emphasizing continued growth in mobile health services.

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DocGo Inc (NASDAQ: DCGO), a leader in mobile health services, announced that CEO Anthony Capone will present at the Cowen 43rd Annual Healthcare Conference in Boston on March 7 at 2:10 PM ET. Additionally, Mr. Capone will present virtually at the Oppenheimer 33rd Annual Healthcare Conference on March 15 at 9:20 AM ET. Investors can access the webcasts on DocGo's investor relations website.

DocGo is transforming healthcare by providing high-quality, affordable mobile care, supported by innovative technology and a team of certified professionals, enhancing patient care and operational efficiencies.

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DocGo (Nasdaq: DCGO) announced plans to report its fourth-quarter and full-year results for the period ended December 31, 2022 on March 13, after market close. A conference call will follow at 5:00pm ET, accessible via U.S. and international lines. DocGo specializes in last-mile mobile health services, leveraging technology and certified professionals to enhance patient care and operational efficiency. The company's innovative approach bridges the gap between physical and virtual healthcare, aiming to provide affordable, high-quality care at home or in the workplace.

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DocGo (NASDAQ: DCGO) has partnered with Redirect Health to provide on-demand, urgent mobile care services in New Jersey and New York. This collaboration aims to reduce emergency room visits and enhance patient care through DocGo's in-home services. Both companies share a mission to improve healthcare accessibility and affordability. The partnership will deliver mobile health services to Redirect Health's members and is expected to expand further in 2023. This initiative is part of DocGo's ongoing commitment to transform healthcare delivery through tech-enabled solutions.

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DocGo Inc (NASDAQ: DCGO) announced that CEO Anthony Capone will present at the 41st Annual J.P. Morgan Healthcare Conference on January 12, 2023, at 10:30 AM PT. Additionally, Lee Bienstock, President, and Norm Rosenberg, CFO, will present at the Needham Annual Growth Conference on January 10, 2023, at 11:00 AM ET. Webcasts for both events will be available on DocGo's investor relations site. DocGo is recognized for providing innovative last-mile mobile health services, enhancing patient care and efficiency through integrated medical transport and telehealth solutions.

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DocGo Inc. (NASDAQ: DCGO) announced that Stan Vashovsky will transition to the non-executive Chairman role after retiring as CEO on December 31, 2022. The decision aims to leverage his expertise amidst a strong growth outlook and recent sales pipeline activity. Anthony Capone will become the new CEO starting January 1, 2023. Vashovsky's continued presence is seen as vital for guiding new program implementations with both new and existing customers, enhancing the company's strategic direction.

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DocGo (NASDAQ: DCGO) announced a new contract for its UK subsidiary, Ambulnz Community Partners, to provide a Rapid Falls Response Service. This service aims to expedite care for elderly patients recovering from falls, eliminating unnecessary emergency room visits. The contract will enhance existing mobile health offerings and is set to commence on Dec. 31, 2022. This initiative is expected to reduce healthcare access times and improve preventative care, marking a significant milestone in expanding DocGo's service portfolio in the UK.

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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

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DCGO Stock Data

362.71M
102.32M
9.88%
54.24%
7.12%
Medical Care Facilities
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