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The company notified the SEC of a data breach after discovering an unauthorized party stole consumers' sensitive information, including patient health data.Telehealth and medical transportation company DocGo reported a data breach in an SEC filing on May 7. The company stated it identified a cybersecurity incident in which consumers' protected health information was accessed and acquired regarding the company's U.S. ambulance transportation business. The company said it took steps to contain and respond to the incident, and no other business lines were involved. It is launching an investigation with help from third-party security experts and will begin notifying individuals if they were affected by the breach. DocGo said the incident has not had a material impact on the company's operations or financial security. A day after reporting the breach to the SEC, the company released its first-quarter financial results for 2024, citing a substantial increase in total revenue to $192.1 million, up from $113 million in the same period last year.
In a recent statement, DocGo's CEO, Lee Bienstock, addressed the reduction in their 2024 revenue guidance, attributing it solely to the accelerated wind down of migrant-related programs. Despite this adjustment, Bienstock emphasized the company's robust performance in its base business, projecting a substantial revenue increase to $280-$300 million for 2024. He highlighted the remarkable growth from $48 million in 2019, underscoring DocGo's capacity for transformative long-term performance and its ability to execute effectively in the evolving healthcare landscape.
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Virtual care leaders struck a defensive tone at the annual ATA Nexus conference in Phoenix this week, denouncing the implication that recent business failures in the telehealth arena mean the …
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