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ModivCare Q1 2023 Earnings Report

ModivCare logo
$11.13 +0.24 (+2.20%)
(As of 12/20/2024 05:31 PM ET)

ModivCare EPS Results

Actual EPS
$1.37
Consensus EPS
$1.34
Beat/Miss
Beat by +$0.03
One Year Ago EPS
N/A

ModivCare Revenue Results

Actual Revenue
$663.77 million
Expected Revenue
$621.74 million
Beat/Miss
Beat by +$42.03 million
YoY Revenue Growth
N/A

ModivCare Announcement Details

Quarter
Q1 2023
Time
N/A

Conference Call Resources

Conference Call Audio

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ModivCare Earnings Headlines

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About ModivCare

ModivCare (NASDAQ:MODV), a technology-enabled healthcare services company, provides a suite of integrated supportive care solutions for public and private payors and their members. The company operates through four segments: Non-Emergency Medical Transportation (NEMT), Personal Care, Remote Patient Monitoring (RPM), and Corporate and Other. The company offers risk underwriting, contact center management, network credentialing, claims management, and non-emergency medical transport management services for Medicaid or Medicare eligible members, whose limited mobility or financial resources hinder their ability to access necessary healthcare and social services. It also provides in-home personal care services, such as bathing, personal hygiene, grooming, oral care, dressing, medication reminders, meal planning, preparation and feeding, housekeeping, transportation services, prescription reminders, and assistance with dressing and ambulation services through placing non-medical personal care assistants, home health aides, and skilled nurses primarily to Medicaid patients in need of care monitoring and assistance in performing daily living activities, including senior citizens and disabled adults. In addition, the company offers remote patient monitoring solutions, including personal emergency response systems, vitals monitoring, medication management, and data-driven patient engagement solutions. It serves federal, state, and local government agencies, MCOs, commercial insurers, private individuals, and health systems. The company was formerly known as The Providence Service Corporation and changed its name to ModivCare Inc. in January 2021. ModivCare Inc. was incorporated in 1996 and is headquartered in Denver, Colorado.

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