DocGo Reports Cybersecurity Attack Day Before Reporting Increased Q1 Earnings

DocGo Reports Cybersecurity Attack Day Before Reporting Increased Q1 Earnings

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. 

Medigy Insights

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.


Deploy this technology today


Next Article

  • DocGo Reports Cybersecurity Attack Day Before Reporting Increased Q1 Earnings

    At ATA Nexus, Stakeholders Plan for the Next Phase of Telehealth

     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 …

    Posted May 13, 2024

Did you find this useful?

Medigy Innovation Network

Connecting innovation decision makers to authoritative information, institutions, people and insights.

Medigy Logo

The latest News, Insights & Events

Medigy accurately delivers healthcare and technology information, news and insight from around the world.

The best products, services & solutions

Medigy surfaces the world's best crowdsourced health tech offerings with social interactions and peer reviews.


© 2024 Netspective Foundation, Inc. All Rights Reserved.

Built on Dec 24, 2024 at 4:05am