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ModivCare Inc. (MODV) is a renowned leader in healthcare services, committed to addressing the social determinants of health (SDoH) through a variety of integrated solutions. The company specializes in non-emergency medical transportation (NEMT), personal care, nutritious meals, and remote patient monitoring (RPM). These services are designed to support payors and their members, promoting greater access to healthcare, reducing costs, and improving patient outcomes.
With a technology-driven approach, ModivCare aims to simplify and enhance the delivery of healthcare services. Their NEMT services provide safe and reliable transportation for patients to medical appointments, ensuring that mobility challenges do not prevent individuals from receiving necessary care. Personal care services offer in-home assistance to those who need help with daily activities, allowing them to maintain their independence.
Moreover, ModivCare’s RPM solutions enable continuous monitoring of patients’ health conditions from their homes, offering real-time data to healthcare providers. This not only enhances the quality of care but also helps in early detection of potential health issues, leading to timely interventions.
The company’s significant revenue is generated from its NEMT segment, demonstrating its substantial impact in this area. Recent achievements include expanding partnerships with healthcare providers and payors, enhancing their service delivery models, and integrating advanced technologies to improve operational efficiencies.
ModivCare's commitment to improving healthcare accessibility is evident through its innovative solutions and dedicated services. As the company continues to grow, it remains focused on addressing the evolving needs of vulnerable patient populations by providing comprehensive and effective care solutions.
ModivCare Inc. (Nasdaq: MODV) is set to report its second quarter financial results for the period ending June 30, 2021, on August 6, 2021, prior to market opening. The company will host a conference call at 8:00 a.m. Eastern Time on the same day to discuss these results, with dial-in numbers provided for domestic and international callers. ModivCare specializes in technology-enabled healthcare services including non-emergency medical transportation and supportive care solutions aimed at improving patient outcomes and reducing costs. More information can be found on their website.
ModivCare Inc. (Nasdaq: MODV), a healthcare services company specializing in integrated supportive care solutions, announced its participation in the CJS Securities 21st Annual New Ideas Summer Conference. The virtual event is scheduled for Tuesday, July 13, 2021, at 2:20 PM Eastern Time. ModivCare focuses on enhancing patient outcomes while addressing social determinants of health, providing services like non-emergency medical transportation and home care. For more details, the live webcast will be available on ModivCare's website.
ModivCare Inc. (Nasdaq: MODV), a healthcare services company focused on improving patient outcomes, will present at the Jefferies Virtual Healthcare Conference on June 3, 2021, at 3:30 p.m. ET. The presentation will be accessible via a live webcast on ModivCare's website. The company provides integrated supportive care solutions including non-emergency medical transportation, personal and home care, and nutritional meal delivery, addressing social determinants of health while enhancing care access and reducing costs. For more information, visit www.modivcare.com.
ModivCare reported strong Q1 2021 results with revenue of $453.6 million, up 23.5% from $367.3 million a year earlier. Adjusted EBITDA reached $48.0 million, reflecting growth driven by acquisitions and operational efficiencies. Net income was $18.9 million, leading to EPS of $1.31. The company also announced the acquisition of WellRyde, enhancing its digital transportation capabilities. With cash reserves of $299.6 million and a focus on expanding in the personal care sector, ModivCare aims to strengthen its market position.
ModivCare Inc. (Nasdaq: MODV) announced the acquisition of nuVizz's WellRyde technology platform, enhancing its digital services in non-emergency medical transportation (NEMT). WellRyde's software provides advanced transportation management systems, streamlining routing and trip assignments for over 1,200 providers. This integration aims to create the largest digitally integrated NEMT network in the U.S., improving access to care for Medicaid, Medicare, and commercial patients. The acquisition complements ModivCare's existing operations, expected to drive growth and elevate patient experiences.
ModivCare Inc. (Nasdaq: MODV) will announce its financial results for the first quarter ending March 31, 2021 on May 7, 2021, before the market opens. A conference call is scheduled for the same day at 8:00 a.m. Eastern Time, accessible via domestic and international dial-in numbers. The call will also be available through a live webcast on ModivCare's website. The company focuses on integrated supportive care solutions aimed at enhancing patient outcomes, including non-emergency medical transportation and home care services.
ModivCare Inc. (Nasdaq: MODV) announced an expansion of its Board of Directors, increasing the number of directors to ten. New appointees include Garth Graham, Stacy Saal, and Rahul Samant, who bring extensive experience in healthcare, customer experience, and technology leadership from renowned companies. Chairman Chris Shackelton stated that this milestone will enhance ModivCare's mission to improve healthcare outcomes. CEO Dan Greenleaf highlighted the potential for continued innovation and growth through the newly expanded board, focusing on addressing social determinants of health.
Matrix Clinical Solutions announced that two ModivCare sites received COVID-19 safety verification certification, ensuring compliance with CDC guidelines. This certification, backed by Cleveland Clinic's expertise, includes on-site assessments and actionable recommendations. The initiative aims to enhance workplace safety across 14 states, with Oklahoma and Virginia already certified. ModivCare's Chief Compliance Officer emphasized the importance of this program for employee safety. As workers express concerns about returning to offices, Matrix's certification reassures employees about their health and safety.
ModivCare Inc. (Nasdaq: MODV) has announced a $75 million stock repurchase program effective March 11, 2021, allowing share buybacks through December 31, 2021. This initiative aims to enhance shareholder value but does not obligate the company to repurchase any specific amount of stock. Transactions will be conducted in the open market, adhering to federal securities laws. ModivCare is recognized for its integrated supportive healthcare solutions, addressing social determinants of health and improving patient outcomes.
ModivCare Inc. (Nasdaq: MODV) announced the appointment of L. Heath Sampson as Chief Financial Officer, effective February 26, 2021. Sampson, with nearly 30 years of executive experience, previously led a successful turnaround at Advanced Emissions Solutions. He succeeds Kevin Dotts, who will assist in the transition until March 15, 2021. ModivCare focuses on improving patient outcomes through integrated supportive care solutions, addressing social determinants of health, and enhancing access to care. The leadership change aims to strengthen finance operations and drive profitable growth.
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