The leader’s unique mobile healthcare and medical transportation business model, proprietary technology and commitment to exceptional patient care are poised to disrupt the healthcare industry
Posted: October 27, 2021 at 7:35 a.m. EDT|Update: 25 minutes ago
NEW YORK, October 27, 2021 / PRNewswire / – DocGo, a leading provider of last mile mobile health services and integrated medical mobility solutions that has entered into a merger agreement with Motion Acquisition Corp. (“Motion”) (Nasdaq: MOTN), a specialist acquisition company, continues its exponential growth trajectory, with Q3 revenue of $ 81 million, a 200% increase over the previous year and the deployment of a series of major initiatives and joint partnerships. With continued growth on the horizon, the mobile health services company is poised to disrupt the healthcare industry with its combined mobile health and medical transportation offering. DocGo is the current trading name of Ambulnz, Inc. Upon completion of the merger, the combined company will be renamed DocGo, Inc.
Created in 2015, new YorkDocGo is redefining on-demand access to healthcare, leveraging its proprietary AI-powered technology and more than 3,500 expert healthcare professionals. The company employs highly trained CMAs, paramedics, paramedics, LPNs, registered nurses and APPs to facilitate ‘last mile’ care, providing large-scale mHealth services for hospital networks, entities. government and corporate clients to unlock the full potential of telemedicine. DocGo’s mobility solutions, made possible through highly coordinated logistics and focused on exceptional patient care, give patients much-needed access to medical care outside the traditional four walls of the medical facility. The company’s range of mobile health services includes rapid and preoperative tests, ultrasounds, wound care, cardiac and arterial monitoring, Covid-19 tests and vaccinations, physical exams, oral and intravenous treatments, and more.
Some of DocGo’s partners include dialysis specialist Fresenius Medical Care, the multi-state hospital network Jefferson Health headquartered in Philadelphia cream, and from Colorado UCHealth. Municipalities and other government entities such as that of New York Ministry of Health and City of philadelphia, and companies like Carnival Corporation are partnering with DocGo for integrated mobile medical services. With over 1.1 million patients registered on its HealthPoint platform, DocGo offers a continuum of patient care with integrated mobile health and medical transport offerings that enable better coordination between providers at different stages of treatment or recovery from injury or illness.
The business is expected to generate revenue of $ 260 million during fiscal year 2021.
âThe future of medicine is to provide care to patients when and where they need it,â says Stan vaschovsky, CEO of DocGo. âWe are thrilled to be at the forefront of the industry, providing patient-centered care with our high-quality, highly affordable programs powered by cutting-edge technology and our exceptionally trained and caring medical providers. “
In addition to excellent financial results, DocGo has achieved the following recent milestones:
- Announcement of an IPO transaction through a $ 1.1 billion merger with Motion Acquisition Corp. The company was recently renamed from Ambulnz to DocGo and upon completion of the merger the parent company will be renamed DocGo, Inc. and will be listed on Nasdaq under the symbol DCGO.
- Launch of medical transportation services in Wisconsin and Illinois provide a better transportation experience for renal dialysis patients at Fresenius Medical Care North America and increase DocGo’s presence in these markets.
- Expanding relationships within the cruise industry by helping Carnival Corporation re-launch passenger cruises and integrating the company’s proprietary HealthPoint patient portal with SeaCare, the cruise industry’s leading EMR system.
- Completed the deployment of 40 mobile test units for NYC Health + Hospitals and NYC Test & Trace Corps, expanding the program to launch one of the largest public influenza testing programs in the United States, and becoming one of the leading immunization facilitators in New York State.
- Introducing Mobile Health, the company’s “last mile” care services that offer home visiting programs at Long Island Select Healthcare in new York and Martin Luther King Hospital in Los Angeles.
- Launch of mHealth services in Michigan, with DocGo securing a $ 15 million Michigan Department of Health & Human Services contract.
- Launched the Street Health Outreach and Wellness program to facilitate a range of mobile medical services – including wound care, physical examinations, social work services and vaccines – for that of New York homeless population.
- Hiring Etna Former North Atlantic Territory Vice President Michael Costa as Executive Vice President of Strategy, to bolster DocGo senior management ranks, lead healthcare and healthcare sales efforts mobile transport and establish new relationships with payers.
- Launch of mHealth services in Arizona, Maryland, and Washington state.
- Launch of medical transport services in London, England serving partners of the National Health Service.
- Won a new contract until $ 90 million with the State of South Carolina.
âTraditionally, patients have faced challenges due to outdated logistics models and expensive transportation solutions, leaving them with limited options to get the treatment they need, at home or on site,â added Mr. Vashovsky. “At DocGo, we are committed to taking mobile health services to the next level and disrupting this multibillion dollar industry.”
DocGo’s highly skilled employees, proprietary technology and operational acumen have dramatically improved patient care across the country and in the UK. The company’s cutting-edge business model includes training its clinical staff to work at the top of their licensure, which lowers the cost of treatment and saves its clients millions of dollars and partners. Additionally, its financial results reflect the tremendous strength of the company’s reach and relationships with its customers, which positions it well for continued long-term growth.
DocGo operates in 26 US markets and the UK, with pending license applications in 14 other states. For more information on DocGo, visit www.docgo.com.
DocGo is a leading provider of last mile mobile care services and integrated medical mobility solutions. DocGo disrupts the traditional four-walled healthcare system by providing care on a human scale. DocGo’s innovative technology and dedicated field staff of certified healthcare professionals improve the quality of patient care and improve the business efficiency of facilities, hospital networks and health insurance providers. With Mobile Health, DocGo reinforces the full promise and potential of telehealth by facilitating healthcare treatment, in tandem with a remote physician, from the comfort of a patient’s home or workplace. With DocGo’s integrated Ambulnz medical transport services, DocGo bridges the gap between physical and virtual care. DocGo and Motion Acquisition Corp. (Nasdaq: MOTN) previously announced their definitive business combination agreement and recently filed a registration statement on Form S-4 with the SEC. Upon closing of the transaction, the combined company will operate under the DocGo name and will be listed on the Nasdaq under the new ticker symbol “DCGO”. For more information, please visit www.docgo.com.
About Motion Acquisition Corp.
Motion Acquisition Corp. is a Special Purpose Acquisition Company (SPAC) founded by a management team and board of directors comprised of seasoned business executives who are recognized as pioneers in the software and transportation technology industry and have experience considerable in terms of exploitation and acquisition. Motion is traded on Nasdaq under the symbol “MOTN”. For more information, please visit https://motionacquisition.com.
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