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ModivCare Inc. - MODV STOCK NEWS

Welcome to our dedicated page for ModivCare news (Ticker: MODV), a resource for investors and traders seeking the latest updates and insights on ModivCare stock.

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.

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Modivcare's CEO to participate in fireside chat at Deutsche Bank conference
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Modivcare successfully implemented the Genesys Cloud CX Platform, improving member care experience and driving efficiencies. Key highlights include a 67% improvement in rides booked through automation and a $30-50 million cost reduction initiative over the next 12-18 months.
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Modivcare appoints Henry Toledo as Chief People Officer
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Barbara Gutierrez appointed as Chief Financial Officer of Modivcare, expected to start on September 18, 2023. Her financial leadership experience and healthcare industry background align with Modivcare's strategy and vision. Expected to drive improved financial performance and support the delivery of unique supportive care services. Ms. Gutierrez has more than three decades of experience in executive and financial leadership roles. She has expertise with high-growth companies and has led transformational business initiatives and strategic acquisitions. She is a member of the Board of Directors for LogicMark, Inc. and chairs the Audit Committee. No concrete positive or negative impacts on stock price identified.
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Modivcare Inc. (MODV) Reports 11.3% Increase in Service Revenue to $699.1 Million for Q2 2023
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Modivcare Inc. (MODV) to Report Q2 2023 Financial Results on August 3, 2023
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Modivcare Inc. and its former CEO, Daniel E. Greenleaf, have resolved a disagreement over his departure and compensation. The company appreciates Greenleaf's leadership during the challenges of COVID.
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FAQ

What is the current stock price of ModivCare (MODV)?

The current stock price of ModivCare (MODV) is $17.79 as of November 22, 2024.

What is the market cap of ModivCare (MODV)?

The market cap of ModivCare (MODV) is approximately 255.1M.

What does ModivCare Inc. do?

ModivCare Inc. provides non-emergency medical transportation, personal care, nutritious meals, and remote patient monitoring to support healthcare access and improve outcomes.

What is NEMT?

NEMT stands for Non-Emergency Medical Transportation, a service that provides safe and reliable transportation for patients to attend their medical appointments.

How does ModivCare's RPM service benefit patients?

ModivCare's Remote Patient Monitoring (RPM) service allows continuous monitoring of patients' health conditions from home, providing real-time data for timely medical interventions.

Which segment generates the most revenue for ModivCare?

The Non-Emergency Medical Transportation (NEMT) segment generates the most revenue for ModivCare.

What are social determinants of health (SDoH)?

Social determinants of health (SDoH) refer to conditions in the environments where people are born, live, learn, work, play, and age that affect a wide range of health outcomes and quality of life.

How does ModivCare address social determinants of health?

ModivCare addresses social determinants of health by providing services like NEMT, personal care, nutritious meals, and remote patient monitoring to improve healthcare access and outcomes.

What recent achievements has ModivCare made?

Recent achievements include expanding partnerships with healthcare providers and payors, enhancing service delivery models, and integrating advanced technologies to improve operational efficiencies.

What is the core business of ModivCare?

The core business of ModivCare is providing integrated supportive care solutions for payors and their members, focusing on NEMT, personal care, and remote patient monitoring.

Who benefits from ModivCare's services?

ModivCare's services benefit vulnerable patient populations who need reliable transportation, in-home personal care, nutritious meals, and remote health monitoring.

How does ModivCare improve healthcare access?

ModivCare improves healthcare access by offering NEMT services, in-home personal care, nutritious meals, and remote patient monitoring, ensuring that transportation, daily support, and continuous health monitoring are accessible to those in need.

ModivCare Inc.

Nasdaq:MODV

MODV Rankings

MODV Stock Data

255.11M
14.08M
1.43%
114.92%
4.34%
Medical Care Facilities
Transportation Services
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United States of America
DENVER