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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 Inc. (Nasdaq: MODV), a technology-enabled healthcare services firm, announced that President and CEO Heath Sampson will participate in a fireside chat at the BofA Securities 2023 Health Care Conference in Las Vegas on May 10, 2023, at 3:00 p.m. PDT. Investor meetings will also be held throughout the day. The event can be accessed via a live webcast on Modivcare's Investor Relations site. Following the event, a replay will be available for 90 days. Modivcare focuses on integrated supportive care solutions aimed at improving health outcomes and reducing costs, primarily through non-emergency medical transportation (NEMT), personal care, and remote patient monitoring.

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Modivcare Inc. (NASDAQ: MODV) is set to report its first-quarter financial results for 2023 on May 4, 2023, before the market opens. The conference call is scheduled for the same day at 8:00 a.m. Eastern Time. Investors can join the call by dialing (888) 437-3179 for domestic participants or +1 (862) 298-0702 for international callers. Additionally, a live webcast will be available on the Company's website and a replay will be accessible approximately one hour post-call.

Modivcare provides integrated supportive care solutions, focusing on non-emergency medical transportation, personal care, and remote patient monitoring, aimed at improving health outcomes while addressing social determinants of health.

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Modivcare Inc. recently appointed Anne Bailey as President of its Home division, a significant move aimed at expanding the company's geographic footprint and enhancing customer relationships. L. Heath Sampson, the CEO, emphasized Bailey's extensive experience in healthcare as a vital asset for driving growth and improving service quality. With over 25 years in leadership roles, including at DaVita, Bailey's focus on patient-centered care aligns with Modivcare's mission to deliver high-quality supportive services. The Home division is crucial for Modivcare's long-term strategy, offering personal care, remote monitoring, and meals.

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Modivcare Inc. (Nasdaq: MODV) announced that its President and CEO, Heath Sampson, will present at the Oppenheimer 33rd Annual Healthcare Conference on March 14, 2023, at 4:00 p.m. ET. The Company, which focuses on technology-enabled healthcare solutions, provides integrated supportive care aimed at improving health outcomes. Virtual investor meetings will also be hosted throughout the day. A live webcast will be available on Modivcare’s Investor Relations website, with a replay accessible for 90 days following the event.

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Modivcare Inc. (Nasdaq: MODV), a technology-enabled healthcare services company, announced participation in the RISE National 2023 conference on March 8 in Colorado Springs, Colorado. As platinum sponsors, Modivcare will host a panel titled “How SDoH Solutions Can Impact Risk and Quality Performance and Allow ‘Aging at Home,’” featuring industry experts discussing strategies to address health-related social needs (HRSNs) for vulnerable populations. The panel will take place from 11:45 a.m. to 12:30 p.m. Mountain time. Modivcare aims to improve health outcomes and reduce costs through integrated supportive care solutions addressing social determinants of health.

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Modivcare reported strong financial results for Q4 and the full year 2022, highlighted by service revenue of $653.9 million in Q4, marking a 14% increase from the previous year's $575.8 million. For the full year, revenue reached $2,504.4 million, a 25% growth compared to $1,996.9 million in 2021. However, the company posted a net loss of $6.9 million for Q4 and $31.8 million for the full year. Adjusted EBITDA for Q4 was $59.7 million, and $221.9 million for 2022. Modivcare provided 2023 guidance, projecting revenue between $2,575 million and $2,600 million.

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Modivcare Inc. (Nasdaq: MODV) is set to report its financial results for Q4 and the full year ended December 31, 2022 on February 23, 2023, before market opening. A conference call will follow at 8:00 a.m. Eastern Time on the same day, where the Company will discuss the results. Interested parties can access the live webcast through the Company’s website. Modivcare offers integrated supportive care solutions focusing on improving health outcomes for public and private payors, including non-emergency medical transportation and remote patient monitoring.

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Modivcare Inc. (NASDAQ: MODV), a technology-enabled healthcare services company, announced that CEO Heath Sampson will present at the 41st Annual J.P. Morgan Healthcare Conference in San Francisco on January 11, 2023, at 8:15 a.m. PST. The company will also conduct investor meetings throughout the day. A live webcast of the presentation will be available on Modivcare’s Investor Relations website, with a replay accessible for 30 days after the event. Modivcare focuses on integrated supportive care solutions, including non-emergency medical transportation and remote patient monitoring.

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Modivcare Inc. (Nasdaq: MODV), a healthcare services company, announced that CEO Heath Sampson will participate in a fireside chat at the BofA Securities Virtual Home Care Conference on December 6, 2022, at 1:10 p.m. ET. The company will also host virtual investor meetings throughout the day. A live webcast of the presentation will be available on Modivcare's Investor Relations website, with a replay accessible for 90 days post-event. Modivcare focuses on integrated supportive care solutions, addressing social determinants of health and improving care access and outcomes.

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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