Telehealth and medical transportation firm DocGo introduced it’s partnering with New York-based not-for-profit well being insurer EmblemHealth to offer sufferers with in-home providers, corresponding to transitional care administration, following discharge from the hospital.
Emblem and DocGo will work carefully to supply New York and Connecticut-based sufferers entry to A1C screenings, colorectal most cancers screenings, bone density assessments, diabetic retinal eye exams and blood stress management assist by a value-based mannequin.
The partnership marks DocGo’s launch into the Connecticut market.
“Together with companions like EmblemHealth, DocGo is main the proactive care revolution with a nimble, technology-powered method that brings care to sufferers on their phrases,” Anthony Capone, CEO of DocGo, stated in a press release. “We fill in gaps to offer quicker, higher, extra complete cellular well being care options to historically underserved populations. House-based well being care has been proven to scale back hospital admissions and readmissions, decrease charges of an infection, and enhance high quality of life, and DocGo is proud to make this care extra accessible and assist long-term affected person well being.”
THE LARGER TREND
Final week, DocGo came under fire from Albany County, New York, officials for allegedly failing to reside as much as the $432 million contract that New York Metropolis awarded the corporate in early Might to offer healthcare and important providers to migrants.
The allegations, first reported by The New York Times, pertain to the inflow of migrants to New York Metropolis and a no-bid contract awarded to DocGo to assist in offering the asylum seekers with housing and providers corresponding to meals, medical care, transportation, case administration, safety and lodging.
In line with authorities in Albany, DocGo allegedly failed to offer the providers per the phrases of its contract, didn’t ship meals to the asylum seekers or offered spoiled meals, and lacked correct communication to sufficiently coordinate with native officers and companies to make sure the sufficient care of migrants.
The corporate informed MobiHealthNews that if the assertions have been factual, this was “unacceptable,” and it assembled a group to look into the claims. It stated if the allegations are discovered to be correct, the corporate “will take actions to make sure they don’t happen once more.”
DocGo lately reported its 2023 second-quarter earnings, revealing a complete income of $125.5 million, up from $109.5 million in the identical interval final 12 months. It famous that as of June 30 its complete money and money equivalents equaled $123.8 million, that it holds no materials debt and that it maintains a $90 million line of credit score.
The corporate elevated its 2023 income steering to $540-$550 million and adjusted its EBITDA to $48-$53 million.
