DocGo Inc. (NASDAQ: DCGO)

DocGo is leading the proactive healthcare revolution with an innovative care delivery platform that includes mobile health services, virtual care management and ambulance services. The company aims to democratize access to healthcare by delivering care at any address and reshaping the traditional healthcare system. Its proprietary technology platform, dedicated network of certified health professionals and robust fleet of medical response vehicles operate in all 50 states and the United Kingdom.

DocGo generates revenue through its mobile health services, virtual care management and ambulance services. The company provides services to municipalities, hospital networks and health insurance providers, often in collaboration with leading healthcare organizations via long-term relationships. Its vertically integrated approach helps elevate the quality of patient care and drive business efficiencies for its customers.

The company operates through the following segments: Mobile Health Services, Transportation Services and Corporate.

• Mobile Health Services: This segment facilitates medical care via a turnkey suite of integrated, technology-enabled solutions. It provides on-site evaluation, diagnostics, triage and treatment, including vaccines and bone density screenings, in patients' homes, workplaces and other non-traditional locations. The segment offers population health offerings and chronic disease management for underserved communities.

• Transportation Services: This segment offers digitally-enabled medical transportation solutions under the Ambulnz brand. It provides reliable, efficient transfers between clinical settings and access to clinical services, including primary and specialty care and dialysis treatments. Every vehicle is equipped with the proprietary technology platform integrated with major electronic medical record systems and ShareLink TM technology for real-time vehicle tracking.

• Corporate: This segment primarily represents shared services and personnel that support both the Transportation Services and Mobile Health Services segments. It contains operating expenses such as information technology costs, certain insurance costs, compensation costs of senior and executive leadership, and software development costs for the proprietary technology platform. None of the Company's revenues or costs of goods sold are reported within the Corporate segment.

DocGo operates in a highly competitive and fragmented industry for both technology-enabled mobile healthcare solutions and medical transportation services. It competes with small local providers and large national organizations such as DispatchHealth, Modivcare, Option Care Health, Teladoc, Amwell, Signify Health, MedArrive, Biofourmis, One Medical, Falck, Global Medical Response and Southwest Ambulance. The company's competitive advantage lies in its vertically integrated suite of services, proprietary technology platform and focus on patient-centered care outside traditional brick-and-mortar facilities.

DocGo serves a diverse customer base including municipalities, hospitals and health systems, insurers, physician practices, businesses and employers. Specific customer names mentioned include NYC Health + Hospitals, the U. S. Department of Veterans Affairs, the Indian Health Service (IHS), Martin Luther King Jr. Memorial Hospital in Los Angeles, CA and the National Health Service (NHS) in the United Kingdom. The company also works with health plans such as Elevance Health, HealthFirst, EmblemHealth, Molina, LA Care and Inland Empire Health Plan.