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) provides technology-driven healthcare solutions focused on non-emergency medical transportation, personal care services, and remote patient monitoring. This page serves as the definitive source for all official company announcements and relevant third-party analyses.
Investors and industry observers will find curated updates including earnings reports, strategic partnerships, and service expansion initiatives. Our aggregation ensures efficient tracking of Modivcare's progress in addressing healthcare accessibility through integrated solutions.
Content spans regulatory filings, leadership updates, and operational developments within the NEMT and RPM sectors. Regular updates provide insights into how MODV navigates the evolving healthcare technology landscape while serving vulnerable populations.
Bookmark this page for streamlined access to Modivcare's latest milestones and market positioning. Combine our updates with SEC filings and earnings call transcripts for complete due diligence.
Modivcare (Nasdaq: MODV), a healthcare services company, released its 2023 Sustainability Report. This report highlights the company's commitment to responsible business practices, member support, team inclusivity, and environmental management. Key achievements include a 12% and 11% year-over-year decrease in Scope 1 and Scope 2 emissions, respectively. The report also mentions expanded disclosures, including Scope 3 emissions, and various initiatives promoting diversity, equity, and inclusion. CEO L. Heath Sampson emphasized the company's dedication to integrating sustainability with their corporate strategy and improving health outcomes.
Modivcare announced that its President and CEO, L. Heath Sampson, and CFO, Barbara Gutierrez, will attend two upcoming investor conferences. They will participate in fireside chat presentations and host investor meetings. The first event is the Leerink Partners 2024 Healthcare Crossroads Conference in Austin, Texas, where Gutierrez will present on May 30, 2024, at 9:40 a.m. ET. The second is the Jefferies 2024 Global Healthcare Conference in New York on June 5, 2024, at 1:30 p.m. ET. Webcast links for the presentations will be available on Modivcare's Investor Relations website, with replays accessible for 90 days.
Modivcare (Nasdaq: MODV) has launched its Integration Hub, a pioneering digital platform aimed at enhancing the user experience for Medicaid and Medicare members using non-emergency medical transportation (NEMT) benefits. The platform allows health plan clients, state Medicaid agencies, and facility partners to integrate ride and benefit management features directly into their own apps and portals through open APIs. This innovation is designed to streamline access to care, reduce user frustration, and improve efficiency. It has already shown promising results, such as 35% fewer verified complaints and 14% fewer missed trips when used via the Modivcare Member Mobility App. The Integration Hub supports a variety of transportation options, including rideshares and mass transit, and offers real-time trip data and scheduling.
Modivcare Inc. (MODV) reported Q1 2024 financial results with service revenue of $684.5 million, a 3.3% increase from Q1 2023. The company had a net loss of $22.3 million and adjusted EBITDA of $32.1 million. They won $171.2 million in NEMT total contract value in Q1 2024. The CEO is optimistic about achieving a run-rate adjusted EBITDA of $220-230 million by Q4 2024.
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