SCWorx Announces New Product and the Signing of Two New Hospital Customers
06 Septiembre 2022 - 10:06AM
SCWorx Corp. (Nasdaq: WORX) today announced that it has
launched a new product offering for healthcare providers along with
the signing of two new mid-Atlantic hospitals for the
product.
The new product offering enables hospitals of
all sizes to quickly and easily benefit from the SCWorx data
platform. SCWorx offers a technically advanced solution which
has proven to be beneficial to large hospitals with challenging
technical and data management issues. To expand the
Company’s target demographic SCWorx has modified its product
deliverables and pricing structure to more effectively meet the
needs of hospitals of all sizes. Now healthcare
providers with either small or large standalone facilities,
multiple locations, intense data projects and basic or unique data
challenges are able to utilize the SCWorx application in an easier
and more affordable format.
“We are excited at the opportunity that this
product provides and now SCWorx can provide our solution and
fulfill the needs of all hospitals,” said Tim Hannibal, SCWorx
CEO. Hannibal added, “Data management requirements vary
across the healthcare industry. Many hospitals struggle to
solve their issues with products that don’t fit their needs.
SCWorx now delivers a solution that helps hospitals identify their
data needs and enables them to purchase, and use, only what they
need. With this new offering SCWorx can now increase its
target market and deliver a foundational data product that, among
other benefits, assists hospitals with cost savings, benchmarking
and revenue capture. In addition, SCWorx becomes the
trusted source of truth for their data needs and can also provide
the technology that allows them to use their data to their
advantage rather than reactively fixing their data. The
SCWorx team believes there is a strong market fit for this suite of
products and this is demonstrated by the recent addition of two new
hospitals on this new product.”
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.
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