DOCGO INC Stock Price, News & Analysis

DocGo (Nasdaq:DCGO) reported substantial growth in new business contracts, securing over $180 million in revenue contracts and expansions for the next three years since January 2023. Key partnerships include a not-for-profit health system in Philadelphia, a hospital network in Long Island, and federally funded hospitals. The company plans to enhance its mobile health services and will hire hundreds of clinicians while expanding its fleet by 100 vehicles, promoting sustainable practices through its Zero Emission initiative. All contracts are expected to roll out by the end of Q3 2023.

DocGo Inc. (Nasdaq: DCGO) reported a significant revenue increase in 2022, reaching $440.5 million, a 38% rise from $318.7 million in 2021. Mobile Health revenue grew to $325.9 million, marking a 39% increase, while net income rose by 60% to $30.7 million. The company projects 2023 revenue between $500-$510 million, a 14%-16% growth over 2022. In Q4 2022, total revenue was $108.8 million, down from $121.3 million in Q4 2021, impacted by reduced COVID testing revenue. DocGo announced new partnerships and secured a $90 million line of credit, emphasizing continued growth in mobile health services.

DocGo Inc (NASDAQ: DCGO), a leader in mobile health services, announced that CEO Anthony Capone will present at the Cowen 43rd Annual Healthcare Conference in Boston on March 7 at 2:10 PM ET. Additionally, Mr. Capone will present virtually at the Oppenheimer 33rd Annual Healthcare Conference on March 15 at 9:20 AM ET. Investors can access the webcasts on DocGo's investor relations website.

DocGo is transforming healthcare by providing high-quality, affordable mobile care, supported by innovative technology and a team of certified professionals, enhancing patient care and operational efficiencies.

DocGo (Nasdaq: DCGO) announced plans to report its fourth-quarter and full-year results for the period ended December 31, 2022 on March 13, after market close. A conference call will follow at 5:00pm ET, accessible via U.S. and international lines. DocGo specializes in last-mile mobile health services, leveraging technology and certified professionals to enhance patient care and operational efficiency. The company's innovative approach bridges the gap between physical and virtual healthcare, aiming to provide affordable, high-quality care at home or in the workplace.

DocGo (NASDAQ: DCGO) has partnered with Redirect Health to provide on-demand, urgent mobile care services in New Jersey and New York. This collaboration aims to reduce emergency room visits and enhance patient care through DocGo's in-home services. Both companies share a mission to improve healthcare accessibility and affordability. The partnership will deliver mobile health services to Redirect Health's members and is expected to expand further in 2023. This initiative is part of DocGo's ongoing commitment to transform healthcare delivery through tech-enabled solutions.

DocGo Inc (NASDAQ: DCGO) announced that CEO Anthony Capone will present at the 41st Annual J.P. Morgan Healthcare Conference on January 12, 2023, at 10:30 AM PT. Additionally, Lee Bienstock, President, and Norm Rosenberg, CFO, will present at the Needham Annual Growth Conference on January 10, 2023, at 11:00 AM ET. Webcasts for both events will be available on DocGo's investor relations site. DocGo is recognized for providing innovative last-mile mobile health services, enhancing patient care and efficiency through integrated medical transport and telehealth solutions.

DocGo Inc. (NASDAQ: DCGO) announced that Stan Vashovsky will transition to the non-executive Chairman role after retiring as CEO on December 31, 2022. The decision aims to leverage his expertise amidst a strong growth outlook and recent sales pipeline activity. Anthony Capone will become the new CEO starting January 1, 2023. Vashovsky's continued presence is seen as vital for guiding new program implementations with both new and existing customers, enhancing the company's strategic direction.

DocGo (NASDAQ: DCGO) announced a new contract for its UK subsidiary, Ambulnz Community Partners, to provide a Rapid Falls Response Service. This service aims to expedite care for elderly patients recovering from falls, eliminating unnecessary emergency room visits. The contract will enhance existing mobile health offerings and is set to commence on Dec. 31, 2022. This initiative is expected to reduce healthcare access times and improve preventative care, marking a significant milestone in expanding DocGo's service portfolio in the UK.