DocGo Inc. reports developments in technology-enabled mobile health, medical transportation, remote patient monitoring and virtual care. The company’s care delivery platform combines in-home or workplace treatment with remote physicians, a 50-state virtual care network and integrated Ambulnz medical transport services.
Recurring news themes include quarterly and annual results, revenue guidance, customer expansions, EMS hiring and efficiency initiatives, investor conference presentations, governance and compliance recognition, and activity at SteadyMD, DocGo’s virtual care division. Company updates also describe demand for clinician-led telehealth programs, including branded GLP-1 weight loss care support.
DocGo reported a remarkable 219% year-over-year revenue increase for Q3 2021, reaching $85.8 million, driven by $67.9 million from Mobile Health. The net income turned positive at $0.8 million compared to a loss of $2.7 million in Q3 2020. With a year-to-date revenue of $197.4 million, also a 214% increase, the company is witnessing significant growth post-merger with Motion Acquisition Corp. The adjusted EBITDA for Q3 was $4.0 million, marking a strong turnaround.
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