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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 company, announced that CFO Heath Sampson will participate in the J.P. Morgan Global High Yield & Leveraged Finance Conference on March 1, 2022, in Miami Beach, Florida. The company will engage in one-on-one meetings during the event, but no webcast will be available. Investors can access the presentation on their website. Modivcare offers integrated supportive care solutions, including non-emergency medical transportation, personal care, remote monitoring, and meal delivery aimed at improving patient outcomes.

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Modivcare Inc. (Nasdaq: MODV) will release its fourth-quarter financial results for the period ending December 31, 2021, on February 25, 2022, before market opening. A conference call will take place the same day at 8:00 a.m. Eastern Time, with domestic callers dialing (877) 423-9820. The call can also be accessed through a live webcast on the Company’s investor website. Modivcare provides technology-driven healthcare services aimed at improving patient outcomes, focusing on non-emergency medical transportation, personal care, and remote patient monitoring.

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Modivcare Inc. (Nasdaq: MODV) has announced a reorganization to enhance its home-based services by establishing a new division, Modivcare Home. This division integrates personal care, remote patient monitoring, and nutritional meal delivery services. Jason E. Anderson has been promoted to lead this newly formed division. The reorganization aims to better meet patient needs through an integrated supportive care strategy, according to Dan Greenleaf, President and CEO. Modivcare remains committed to improving patient outcomes and streamlining its service offerings.

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ModivCare Inc. (Nasdaq: MODV), a technology-enabled healthcare services company, will present at two investor conferences in January 2022. The first is the J.P. Morgan 40th Annual Healthcare Conference on January 11, 2022 at 11:15 a.m. ET, followed by the CJS 22nd Annual New Ideas for the New Year Conference on January 12, 2022 at 3:45 p.m. ET. Webcasts will be available on ModivCare's website. ModivCare provides integrated supportive care solutions, focusing on improving patient outcomes and addressing social determinants of health.

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ModivCare has appointed Grover N Wray as its new Chief Human Resources Officer. With over 30 years of experience, including roles at DigitalGlobe and Western Union, Wray aims to enhance talent acquisition and team engagement at ModivCare. Daniel Greenleaf, President and CEO, emphasized Wray’s track record in improving employee productivity and business results. Wray expressed enthusiasm for ModivCare's mission focused on addressing social determinants of health and looks forward to building an effective team.

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The Company, Riverbed|Aternity, announced the appointment of seven new directors to its Board of Directors following its recapitalization, effective December 7, 2021. These seasoned leaders bring diverse skills to enhance strategic goals and customer relationships. CEO Dan Smoot emphasized the Board's alignment with the Company's future vision and its improved financial profile. The new board members include R. Carter Pate, Steve Curts, and Patricia Hume, among others, each with significant experience in various sectors.

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ModivCare Inc. (Nasdaq: MODV), a technology-driven healthcare services company, announced upcoming presentations at two investor conferences. Dan Greenleaf, CEO, and Heath Sampson, CFO, will present at the BofA Securities Leveraged Finance Conference on December 1, 2021, at 2:15 p.m. ET, and at the Stephens Annual Investment Conference in Nashville on December 3, 2021, at 2:00 p.m. ET. Webcasts will be available on their website.

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ModivCare Inc. (Nasdaq: MODV) reported strong financial results for Q3 2021, with revenues of $493.1 million, a 53.8% increase from Q3 2020. However, the company incurred a loss from continuing operations of $7.5 million, or $0.53 per diluted share. Adjusted EBITDA was $44.3 million, representing 9.0% of revenue, which was down from $59.3 million a year prior due to increased service costs. Significant acquisitions in September 2021, including VRI and CareFinders, aim to enhance service offerings and shareholder value.

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ModivCare Inc. (Nasdaq: MODV), a technology-enabled healthcare services firm, will present at Credit Suisse’s 30th Annual Virtual Healthcare Conference on November 8, 2021, at 9:40 a.m. Eastern Time. Both Dan Greenleaf, President and CEO, and Heath Sampson, CFO, will be participating. Investors can access a webcast of the presentation via the company’s website here. ModivCare provides integrated supportive care solutions, focusing on enhancing patient outcomes through services like non-emergency medical transportation and remote patient monitoring.

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ModivCare Inc. (NASDAQ: MODV) announced it will report financial results for Q3 2021 on November 5, 2021, before market opens. A conference call will follow at 8:00 a.m. ET, accessible via dial-in or live webcast. ModivCare is a technology-enabled healthcare services company focused on improving patient outcomes through integrated supportive care solutions. Its services cater to public and private payors, addressing social determinants of health and enhancing access to care.

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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