DOCGO INC Stock Price, News & Analysis

DocGo (Nasdaq: DCGO) has announced an expansion of its care gap closure program in California, aimed at enhancing healthcare access for Medi-Cal enrollees. The program, in partnership with a top 10 national insurance provider, will serve underserved communities in Sacramento, San Diego, Riverside, Los Angeles, San Bernadino, and Orange County.

The expansion allows patients to receive care at home or in mobile health centers, addressing over 30 different care gaps including well child visits, vaccinations, and chronic disease assessments. DocGo's CEO, Lee Bienstock, emphasized the company's role in facilitating high-quality, accessible healthcare and driving the transition to a value-based care system.

DocGo (Nasdaq: DCGO), a leading provider of technology-enabled mobile health services, has announced its participation in four upcoming investor conferences. These events include:

• The Midwest Ideas Conference (August 28-29), where CFO Norm Rosenberg will present on August 28 at 3:45 PM
• The Morgan Stanley 22nd Annual Global Healthcare Conference (September 4-6), featuring CEO Lee Bienstock in a fireside chat on September 6 at 1:50 PM
• The TD Cowen 9th Annual FutureHealth Conference (September 10), with CEO Lee Bienstock participating in a fireside chat at 10:35 AM
• The Cantor Fitzgerald Global Healthcare Conference (September 17-19), where CEO Lee Bienstock will participate in a fireside chat on September 18 at 1:55 PM

Webcasts of these events will be available on DocGo's investor relations website.

DocGo Inc. (Nasdaq: DCGO) reported strong Q2 2024 results, with total revenue reaching $164.9 million, a 31% increase year-over-year. The company's net income surged by 354% to $5.9 million, while Adjusted EBITDA grew 89% to $17.2 million. Mobile Health Services revenue saw a significant 46% increase to $116.7 million.

DocGo raised its 2024 cash flow from operations guidance to $80-$90 million and reiterated its full-year revenue guidance of $600-$650 million. The company's cash position strengthened to $85.8 million as of June 30, 2024. DocGo also announced several new contracts and initiatives, including a municipal mobile x-ray program in New York City and a Well Child Visits program with a major insurance provider.

DocGo (Nasdaq: DCGO) has launched a mobile x-ray program in partnership with MinXray in New York City. The initiative aims to provide rapid chest x-rays for vulnerable populations to identify active Tuberculosis (TB) cases. DocGo's mobile units are equipped with MinXray's ultra-portable, battery-powered x-ray systems and use third-party AI technology to analyze images quickly.

The program prioritizes likely TB cases for immediate review by board-certified radiologists, ensuring prompt confirmation and appropriate referrals. This rapid response is important for managing and treating TB effectively, especially in high-risk populations. DocGo plans to expand this mobile x-ray program to additional locations throughout New York City and offer the service to other municipalities and partners.

DocGo's subsidiary, Exceptional Medical Transportation, has secured a $4 million contract extension to provide 911 basic life support services in Atlantic City, New Jersey. The one-year contract, starting August 1, 2024, includes two additional one-year renewal options, potentially extending the partnership through 2027. Exceptional Medical Transportation manages approximately 22,000 calls annually and transports around 14,000 patients each year, utilizing three ambulances 24/7 and an additional fourth during the summer rush.

Atlantic City, with 39,000 residents and 27 million annual visitors, relies heavily on this emergency service. The contract renewal reflects the city's trust in DocGo's services and commitment to providing high-quality care for the community.

DocGo (Nasdaq: DCGO) has launched the Well Child Visits program in partnership with an insurance provider in the New York City area. The program aims to increase pediatric preventative care and strengthen childhood immunization rates by providing at-home wellness visits and routine vaccinations. Led by Dr. Kristin Collins, the initiative combines telehealth services with on-site nursing support to overcome barriers that often prevent children from receiving essential care.

The program addresses the fact that children miss 30% to 50% of well-child visits due to factors like lack of transportation or difficulty taking time off work. DocGo's approach aims to enhance health equity and improve access to care. The company plans to expand the program across New York State and California in the coming months, partnering with insurance companies to identify patients with care gaps.

DocGo Inc. (Nasdaq: DCGO), a leading provider of technology-enabled mobile health services, has announced its participation in the Canaccord Genuity 44th Annual Growth Conference. The company's CEO, Lee Bienstock, will be featured in a fireside chat on Wednesday, August 14 at 3:30 PM Eastern Time. Investors and interested parties can access a webcast of the event through the investor relations section of DocGo's website at https://ir.docgo.com/. This participation provides an opportunity for DocGo to showcase its growth strategies and market position to potential investors and industry analysts.

DocGo Inc. (Nasdaq: DCGO), a leading provider of technology-enabled mobile health services, has announced that it will release its financial results for the second quarter ended June 30, 2024 after market close on Wednesday, August 7, 2024. The company will also host a conference call and webcast to discuss these results at 5:00 p.m. ET on the same day.

Investors and interested parties can access the conference call by dialing 1-877-343-4136 (U.S.) or 1-203-518-9843 (international) using the Conference ID: DOCGO. Additionally, a webcast of the conference call will be available under the Events section of the Company's investor relations website at https://ir.docgo.com/.

DocGo Inc. (Nasdaq: DCGO) has announced that its subsidiary, Ambulnz, has launched emergency medical and 911 services in Dover, Delaware. Starting July 1, 2024, Ambulnz will provide 24/7 basic life support (BLS) ambulance services from three stations in the Dover Fire District. The company secured a three-year contract through competitive bidding to serve Dover's 38,000 residents.

This expansion builds on DocGo's existing work with the Bayhealth hospital system in Dover since January 2022. The new services are supported by a local management team and over 50 EMS field professionals. Ambulnz has worked to ensure a smooth transition from the previous provider and offered employment to qualified staff members.