Home Health Care News August 8, 2024
After experiencing some contract loss blows in the recent past, Modivcare Inc. (Nasdaq: MODV) has begun to log some tallies in the win column.
The company gained $33 million of annual contract value during its second quarter, and onboarded a significant state contract in early June. This contract has already started demonstrating strong performance and results, according to CEO Heath Sampson.
Denver-based Modivcare offers technology-enabled health care services and provides non-emergency medical transportation (NEMT). The company’s Modivcare Home division includes its personal care, remote patient monitoring (RPM) and nutritional meal delivery service offerings.
In other contract gains, Modivcare received extensions on the vast majority of its state Medicaid contracts that were up for renewal this year, including a verbal commitment...
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