DocGo Partners with Main Line Health in Philadelphia to Provide Medical Transportation, and Agrees to Collaborate on Remote Patient Monitoring Initiatives

$DCGO
Medical/Nursing Services
Health Care
Get the next $DCGO alert in real time by email

New expansion solidifies Ambulnz by DocGo's position as one of the largest ambulance providers in Philadelphia

DocGo Inc. (NASDAQ:DCGO), a leading provider of technology-enabled mobile health services, announced today that its Ambulnz subsidiary will provide medical transportation service to Main Line Heath's five-hospital health system in the greater Philadelphia area. The three-year medical transportation contract solidifies Ambulnz's position as one of the largest medical transportation providers in the Philadelphia metro area. Ambulnz estimates that it will provide transportation to more than 12,000 Main Line Health patients annually as part of this contract. With this expansion, Ambulnz expects to transport more than 75,000 Pennsylvania patients annually. Ambulnz will commit an initial dedicated fleet of 10 ambulances and 8 wheelchair vans to Main Line Health's hospitals to provide a range of transportation options.

"Through Ambulnz's innovative service model, health systems now have transportation resources that are solely dedicated to the health system's patient transportation needs," said Lee Bienstock, CEO of DocGo. "Our medical transport vehicles and professional staff are available to Main Line Health when and where they are needed, and hospital staff have full transparency of location and availability through our proprietary, AI-powered ordering and resource deployment technology."

Ambulnz by DocGo's transportation scheduling and tracking system platform can directly integrate with hospital electronic medical records to securely streamline patient data flow. This proprietary platform also allows hospital staff, patients, and their family members to track vehicles in real-time using DocGo's ShareLink™ technology, enabling true transparency, enhancing efficiencies and alleviating stress.

DocGo can also offer remote patient monitoring (RPM) clinical services and devices to Main Line Health's health system network, including its hospitals, post-acute care health centers, home care, hospice, and physician networks where and when it's needed. RPM services can be used to reduce hospital readmissions after a hospital stay or major medical event and can be used for preventative care to monitor chronic health conditions, such as diabetes, hypertension, asthma, and a host of other medical conditions.

"Remote patient monitoring extends the reach of our hospital partners beyond their facilities to connect with patients where they live. DocGo's solution combines internet-connected medical devices with remote diagnostic tracking to monitor patients at home, report on key patient data insights and escalate significant changes in health status directly to physicians for immediate intervention," said Bienstock. "We look forward to working with the Main Line Health team to develop and implement future programs that will decrease hospital readmissions and improve health and quality of life for their patients."

Ambulnz by DocGo medical transportation is now available to Paoli Hospital and Bryn Mawr Hospital and the service will soon expand to Riddle Hospital, Bryn Mawr Rehabilitation Hospital, and Lankenau Hospital.

About DocGo

DocGo is leading the proactive healthcare revolution with an innovative care delivery platform that includes mobile health services, remote patient monitoring and ambulance services. DocGo disrupts the traditional four-wall healthcare system by providing high quality, highly affordable care to patients where and when they need it. DocGo's proprietary, AI-powered technology and dedicated field staff of certified health professionals elevate the quality of patient care and drive business efficiencies for facilities, hospital networks, and health insurance providers. With Mobile Health, DocGo empowers the full promise and potential of telehealth by facilitating healthcare treatment, in tandem with a remote physician, in the comfort of a patient's home or workplace. Together with DocGo's integrated Ambulnz medical transport services, DocGo is bridging the gap between physical and virtual care. For more information, please visit docgo.com.

About Main Line Health

Founded in 1985, Main Line Health is a not-for-profit health system serving Philadelphia and its western suburbs. Main Line Health's commitment—to deliver advanced medicine for treating and curing disease, playing an important role in prevention and disease management as well as training physicians and other health care providers—reflects our intent to be the region's premier choice for clinical care, research, and education. A team of nearly 13,000 employees and more than 2,000 physicians care for patients throughout the Main Line Health System.

At Main Line Health's core are four of the region's most respected acute care hospitals—Lankenau Medical Center, Bryn Mawr Hospital, Paoli Hospital and Riddle Hospital—as well as one of the nation's premier facilities for rehabilitative medicine, Bryn Mawr Rehabilitation Hospital.

Main Line Health also includes Mirmont Treatment Center for drug and alcohol recovery; Main Line Health HomeCare & Hospice, which includes skilled home health care, hospice and home infusion services; Main Line Health Centers, primary and specialty care, lab and radiology, and other outpatient services located in Broomall, Collegeville, Concordville, Exton, King of Prussia and Newtown Square; Lankenau Institute for Medical Research, a biomedical research organization; and Main Line HealthCare, one of the region's largest multispecialty physician networks.

Main Line Health is the recipient of numerous awards for quality care, and service, including U.S. News & World Report's Best Hospitals, System Magnet® designation; the nation's highest distinction for nursing excellence and the Mid-Atlantic Alliance for Performance Excellence (MAAPE) Excellence Award. Main Line Health is committed to creating an environment of diversity, respect, equity, and inclusion, has proudly received awards in this area and has embraced the American Hospital Association's #123forEquity Pledge to Act to eliminate disparities in care. We are dedicated to advancing patient-centered care, education, and research to help patients stay healthy and live their best lives. For more information, visit mainlinehealth.org.

Forward-Looking Statements

This announcement contains forward-looking statements (including within the meaning of Section 21E of the U.S. Securities Exchange Act of 1934, as amended, and Section 27A of the U.S. Securities Act of 1933, as amended) concerning DocGo. These statements include, but are not limited to, statements that address our expected future business, financial performance and guidance and statements about (i) our plans, objectives and intentions with respect to future operations, services and products, including our transition to non-COVID related services, geographic expansion, rapid normalization initiative, new and existing contracts and backlog, serviceable patient population, M&A activity, workforce growth, leadership transition, cash position and share repurchase program, (ii) our competitive position and opportunities, including our addressable market opportunities, expected demand for our products and our ability to realize the benefits from our operating model, and (iii) other statements identified by words such as "may", "will", "expect", "intend", "plan", "potential", "believe", "seek", "could", "estimate", "judgment", "targeting", "should", "anticipate", "predict" "project", "aim", "goal", "outlook", "guidance", "design" and similar words, phrases or expressions. These forward-looking statements are based on management's current expectations and beliefs, as well as assumptions made by, and information currently available to, management, and current market trends and conditions. Forward-looking statements inherently involve risks and uncertainties, many of which are beyond our control, and which may cause actual results to differ materially from those contained in our forward-looking statements. Accordingly, you should not place undue reliance on such statements. Particular uncertainties that could materially affect current or future results include possible accounting adjustments made in the process of finalizing reported financial results; any risks associated with global macroeconomic and geopolitical conditions and concerns, including rising interest rates, the inflationary environment, the potential recessionary environment, regional conflict and tensions, financial institution instability and the prospect of a shutdown of the U.S. federal government; the effects of global outbreaks of pandemics or contagious diseases or fear of such outbreaks, such as the COVID-19 coronavirus pandemic; competitive pressures; availability of healthcare professionals; changes in the cost of labor; pricing declines; rates of growth in our target markets; our ability to improve gross margins; cost-containment measures; loss of major customers; legislative and regulatory actions; the impact of legal proceedings and compliance risks; the impact on our business and reputation in the event of information technology system failures, network disruptions, cyber-attacks, or losses or unauthorized access to, or release of, confidential information; and the ability of the Company to comply with laws and regulations regarding data privacy and protection. We undertake no intent or obligation to publicly update or revise any of these forward-looking statements, whether as a result of new information, future events or otherwise.

Get the next $DCGO alert in real time by email

Chat with this insight

Save time and jump to the most important pieces.

Recent Analyst Ratings for
$DCGO

DatePrice TargetRatingAnalyst
2/28/2025$5.00 → $2.85Buy → Hold
Deutsche Bank
8/18/2023$15.00Buy
BTIG Research
4/21/2023$11.00Overweight
Cantor Fitzgerald
4/19/2022$11.00Buy
Deutsche Bank
1/19/2022$14.00Buy
Stifel
12/21/2021$13.00Buy
Canaccord Genuity
12/7/2021$14.00Buy
Needham
11/30/2021$16.00 → $22.00Outperform
Northland Capital Markets
More analyst ratings

$DCGO
Press Releases

Fastest customizable press release news feed in the world

See more
  • DocGo Earns Great Place To Work Certification™ For the Third Time in a Row

    DocGo Inc. (NASDAQ:DCGO) ("DocGo" or the "Company"), a leading provider of technology-enabled mobile health services, today announced that it has been Certified™ by Great Place To Work® for the third time in a row. This prestigious award is based on what current employees say about their experience working at the Company. This year, employees rated DocGo 31% higher than the average US company as a Great Place to Work. Great Place To Work® is the global authority on workplace culture, employee experience and the leadership behaviors proven to deliver market-leading revenue, employee retention and increased innovation. "Our clinicians who bring care to patients where they need it – and the

    $DCGO
    Medical/Nursing Services
    Health Care
  • DocGo Announces Upcoming Participation at Needham Virtual Healthcare Conference

    DocGo Inc. (NASDAQ:DCGO) ("DocGo"), a leading provider of technology-enabled mobile health services, today announced that Lee Bienstock, Chief Executive Officer, will participate in a fireside chat at the Needham Virtual Healthcare Conference on Monday, April 7th at 11:45 AM Eastern Time, and hold virtual 1x1 meetings as well. A webcast of the event will be available on the investor relations section of DocGo's website at https://ir.docgo.com/. About DocGo DocGo is leading the proactive healthcare revolution with an innovative care delivery platform that includes mobile health services, remote patient monitoring and ambulance services. DocGo is helping to reshape the traditional four-wall

    $DCGO
    Medical/Nursing Services
    Health Care
  • DocGo Announces Fourth Quarter and Full-Year 2024 Results

    Company Surpasses 700,000 Total Patient Lives Assigned for Care Gap Closure Programs and Expands Contracts With Payer Partners on Both Coasts Management to Host Conference Call and Webcast Today at 5:00 PM Eastern Time DocGo Inc. (NASDAQ:DCGO) ("DocGo" or the "Company"), a leading provider of technology-enabled mobile health services, today announced financial and operating results for the quarter and full-year ended December 31, 2024. Full-Year 2024 Financial Highlights Full-year 2024 revenue was $616.6 million, compared to $624.2 million for the full-year 2023. GAAP gross margin (which includes non-cash depreciation expenses) for the full-year 2024 was 32.1%, compared to 28.7%

    $DCGO
    Medical/Nursing Services
    Health Care

$DCGO
Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

See more

$DCGO
Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

See more

$DCGO
Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

See more

$DCGO
SEC Filings

See more

$DCGO
Leadership Updates

Live Leadership Updates

See more
  • DocGo Acquires PTI Health To Expand Proactive Healthcare Offering with Mobile Lab Collection and Mobile Phlebotomy Services

    DocGo Inc. (NASDAQ:DCGO) ("DocGo" or the "Company"), a leading provider of technology-enabled mobile health services, today announced the acquisition of PTI Health, a mid-Atlantic mobile lab collection and phlebotomy services company. This strategic move expands DocGo's healthcare service offering to include mobile phlebotomy lab services, addressing critical gaps in diagnostic care for underserved populations. With this acquisition, DocGo will facilitate timely, convenient blood collection and additional at-home testing services for patients, offering a new level of care to those with limited access to traditional labs or transportation options. The acquisition enhances DocGo's offerings

    $DCGO
    Medical/Nursing Services
    Health Care
  • DocGo Appoints Healthcare Visionary Dr. Stephen K. Klasko as Chair of the Board

    DocGo Inc. (NASDAQ:DCGO) ("DocGo" or the "Company"), a leading provider of technology-enabled mobile health services, today announced the appointment of Stephen K. Klasko, M.D., M.B.A as the new independent, non-executive Chair of its Board of Directors, effective October 1, 2024. Dr. Klasko has an extensive background in leadership roles within healthcare, higher education and medical industry innovation, including an eight-year tenure as the President of Thomas Jefferson University and the CEO of Jefferson Health where he oversaw its expansion to 18 hospitals and over 35,000 employees. Prior to that, he was CEO of USF Health and Dean of the Morsani College of Medicine at the University o

    $DCGO
    Medical/Nursing Services
    Health Care
  • DocGo Appoints Eiwe Lingefors as New Chief Information Officer

    DocGo Inc. (NASDAQ:DCGO) ("DocGo" or the "Company"), a leading provider of technology-driven healthcare solutions, is proud to announce Eiwe Lingefors as Chief Information Officer (CIO). Lingefors most recently served as the company's Chief Information Security Officer, and will continue in this role as well. In his new role as CIO, Lingefors will lead both DocGo's information security and digital innovation strategy in an evolving cybersecurity landscape. "Eiwe has been a vital part of our team, and his deep expertise in the security landscape has been instrumental in DocGo's operations," said Lee Bienstock, CEO of DocGo. "He has done an excellent job strengthening DocGo's existing cybers

    $DCGO
    Medical/Nursing Services
    Health Care

$DCGO
Financials

Live finance-specific insights

See more
  • DocGo Announces Fourth Quarter and Full-Year 2024 Results

    Company Surpasses 700,000 Total Patient Lives Assigned for Care Gap Closure Programs and Expands Contracts With Payer Partners on Both Coasts Management to Host Conference Call and Webcast Today at 5:00 PM Eastern Time DocGo Inc. (NASDAQ:DCGO) ("DocGo" or the "Company"), a leading provider of technology-enabled mobile health services, today announced financial and operating results for the quarter and full-year ended December 31, 2024. Full-Year 2024 Financial Highlights Full-year 2024 revenue was $616.6 million, compared to $624.2 million for the full-year 2023. GAAP gross margin (which includes non-cash depreciation expenses) for the full-year 2024 was 32.1%, compared to 28.7%

    $DCGO
    Medical/Nursing Services
    Health Care
  • DocGo to Announce Fourth Quarter and Full Year 2024 Results on Thursday, February 27, 2025

    Management to host conference call and webcast at 5:00 p.m. ET on that day DocGo Inc. (NASDAQ:DCGO) ("DocGo" or the "Company"), a leading provider of technology-enabled mobile health services, announced today that the Company will release its financial results for the fourth quarter and full year ended December 31, 2024 after the markets close on Thursday, February 27, 2025. Management will also host a conference call to discuss these results at 5:00 p.m. ET on that day. Conference call and webcast details: Thursday, February 27, 2025 5:00 p.m. ET 1-800-717-1738 (U.S.) 1-646-307-1865 (international) Conference ID: 41220 To access the Call me™ feature, which avoids the need to wait f

    $DCGO
    Medical/Nursing Services
    Health Care
  • DocGo Announces Third Quarter 2024 Results

    Company Significantly Expands Operations on the West Coast to Support New Payer Programs, Increases Full-Year Guidance for Cash Flow from Operations Management to Host Conference Call and Webcast Today at 5:00 PM Eastern Time DocGo Inc. (NASDAQ:DCGO) ("DocGo" or the "Company"), a leading provider of technology-enabled mobile health services, today announced financial and operating results for the quarter ended September 30, 2024. Third Quarter 2024 Financial Highlights Total revenue for the third quarter of 2024 was $138.7 million, compared to $186.6 million in the third quarter of 2023, a decrease of 26%. The decline was primarily due to the planned wind down of migrant-related progra

    $DCGO
    Medical/Nursing Services
    Health Care

$DCGO
Large Ownership Changes

This live feed shows all institutional transactions in real time.

See more