SCWorx Announces New Hospital Customer
31 1월 2023 - 4:44AM
SCWorx Corp. (Nasdaq: WORX) today announced that it has signed a
new healthcare provider for the utilization of its recently
launched SaaS service offering.
SCWorx’s new product offering continues to
enable hospitals of all sizes to quickly and easily benefit from
the SCWorx data platform. This new customer, headquartered in
Texas, is a private healthcare provider with nearly 8,000 beds
under management. SCWorx offers a technically advanced
solution which has proven to be beneficial to all size hospitals
that face difficult data management issues.
“Healthcare providers are facing unprecedented
challenges in this post-Covid era. SCWorx is being recognized
as a solution for many of these challenges. Our new service
offering is a unique way for hospitals to stay current with the
data management issues which all hospitals are facing,” said Tim
Hannibal, SCWorx CEO. Hannibal added, “This service offering
provides hospitals with a comprehensive data management solution
that is not a ‘one size fits all’. Hospitals are showing
their interest in an inexpensive solution that delivers the most
value. This is a unique approach to healthcare data in which
SCWorx allows the healthcare provider to select its foundational
service offering and then pick and choose enhanced services on an
a-la-carte basis. This is very unique approach within the
healthcare industry. What we have recognized is that
hospitals have two core issues; first, the underlying supply data
within the hospitals is loaded with incomplete detail caused by the
rapid changes to item data. The second problem is that all
other projects rely on this data. For example; MMIS
migrations, mergers and acquisitions, Clinical integration to EMR
systems, and financial systems all rely on accurate data.
Once we establish this ‘foundational data’ we can then help the
hospital with other high profile projects such as cost savings
initiatives, ERP migrations and implementations like Oracle Cloud,
Infor Cloud and Workday implementations. The high
quality of the data within the SCWorx platform combined with our
expertise establishes SCWorx as the trusted source of truth for a
healthcare providers data needs.”
About SCWorx
SCWorx has created an advanced attributed
virtualized item data warehouse utilizing machine learning and
artificial intelligence to offer a suite of
software-as-a-service-based solutions for healthcare providers. The
value proposition for customers revolves around the full
integration of all solution modules with the company’s data
platform for cost savings, operational efficiency and accurate
benchmarking and reporting. The solution modules include Virtual
Item Master, data cleanse and normalization, contract management
and request for pricing (RFP) module, automated rebate management
module, data interoperability (EMR, MMIS, finance) module,
Automated Item Add Portal, Virtual General Ledger, and the data
analytics module. SCWorx creates a single source for information
for the healthcare provider’s data governance and analytics
requirements.
Forward-Looking Statements
This press release contains “forward-looking
statements” that involve substantial risks and uncertainties for
purposes of the safe harbor provided by the Private Securities
Litigation Reform Act of 1995. All statements, other than
statements of historical facts, included in this press release
regarding strategy, future operations, future contract renewals and
terminations, future financial position, prospects, plans and
objectives of management are forward-looking statements. You can
identify many (but not all) such forward-looking statements by
looking for words such as “assumes,” “approximates,” “believes,”
“expects,” “anticipates,” “estimates,” “projects,” “seeks,”
“intends,” “plans,” “could,” “would,” “may” or other similar
expressions. You should not place undue reliance on these
forward-looking statements. Such statements are based on
management’s current expectations and involve risks and
uncertainties. Actual results and performance could differ
materially from those projected in the forward-looking statements
as a result of many factors, including, without limitation,
economic disruptions affecting our customers, unexpected contract
terminations, securing future contracts and orders, future product
sourcing, supply disruptions, containing costs, the ability to
project future cash utilization and reserves needed for contingent
future liabilities and business operations, the availability of
sufficient resources of the company to meet its business objectives
and operational requirements and other important factors that are
detailed in filings with the Securities and Exchange Commission
made from time to time by SCWorx, including its Annual Report on
Form 10-K for the year ended December 31, 2021, Quarterly Reports
on Form 10-Q, and Current Reports on Form 8-K. Matters described in
forward-looking statements may also be affected by other known and
unknown risks, trends, uncertainties and factors, many of which are
beyond the company’s ability to control or predict. SCWorx
undertakes no obligation to release publicly any revisions to any
forward-looking statements to reflect events or circumstances after
the date hereof or to reflect the occurrence of unanticipated
events.
Contacts:
ir@scworx.com ###Source: SCWorx Corp.
SCWorx (NASDAQ:WORX)
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