Welcome to our dedicated page for The Oncology Institute news (Ticker: TOI), a resource for investors and traders seeking the latest updates and insights on The Oncology Institute stock.
The Oncology Institute Inc (TOI) delivers community-focused cancer care through innovative treatment models and value-based services. This page serves as the definitive source for official company announcements, financial updates, and strategic developments.
Access real-time updates on TOI's clinical trial advancements, partnership agreements, and operational milestones. Investors will find earnings reports, leadership updates, and market-moving news consolidated for efficient analysis. Media professionals can track press releases detailing TOI's expansion of outpatient services and community health initiatives.
Key content categories include quarterly financial disclosures, research collaborations, care model innovations, and regulatory developments. All materials are sourced directly from TOI's corporate communications, ensuring accuracy and timeliness.
Bookmark this page for streamlined access to TOI's evolving story in oncology care. Check regularly for updates that matter to stakeholders monitoring the intersection of healthcare innovation and value-based treatment delivery.
The Oncology Institute (NASDAQ: TOI) announced its Q1 2024 financial results, reporting a 24.2% increase in consolidated revenue to $95 million. Despite this, the gross profit decreased by 15.1% to $12 million, with net losses reducing to $19.9 million from the previous year's $30 million. The net loss per share improved to $(0.22) from $(0.33). Adjusted EBITDA was $(10.9) million, higher than the $(7.4) million from the prior year. The company ended Q1 with $66 million in cash and short-term investments. Operationally, TOI signed seven new capitation and value-based contracts across three states, integrated a capitated risk contract with a health plan in Florida, and expanded its MSO model in Florida. The firm also increased the number of scripts dispensed by 70% and hired seven new providers, bringing the total to 126 employed providers across 73 clinics. CEO Daniel Virnich highlighted the company's revenue growth and new partnerships as key milestones.
The Oncology Institute, Inc. (NASDAQ: TOI) disclosed that Dr. Daniel Virnich, TOI’s CEO, will join the 'Defining the Next Chapter in Value-Based Care' panel at the Leerink Healthcare Transformation Summit on May 16, 2024. TOI is a leading value-based oncology practice in the U.S.
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