New York Hospital Selects SCWorx for Data Management and Workday Implementation Assistance
April 25 2023 - 10:41AM
SCWorx Corp. (Nasdaq: WORX) today announced that it has signed
another new healthcare provider for its SaaS data management
service offering and Workday implementation assistance.
This new hospital customer, headquartered in New
York, is a non-profit academic healthcare provider with over 400
beds under management. In addition to the company’s data management
service offering the hospital will utilize SCWorx expertise and
application functionality to assist with the hospital’s Workday
implementation.
“SCWorx is providing this new customer with our
Foundation data management platform. This platform is
continuing to be recognized as an advanced application that
empowers hospitals to accurately move data between supply, clinical
and finance applications. Accurate data enables hospitals to
track information about items for proper revenue capture. In
addition, this data can be used to enable other applications to
perform better.”, said Tim Hannibal, SCWorx CEO. Hannibal
added, “The foundational data principle is that all applications
work more effectively with accurate data. This is why this
healthcare provider chose SCWorx for data management as well as
Workday implementation assistance. Workday is a
transformational experience for a healthcare provider and the best
way to start is with the highest quality data. More and more
healthcare organizations are selecting and
implementing Workday as their enterprise resource
planning solution. SCWorx is a valuable application and partner for
this very significant implementation. This is another great
customer win for SCWorx and continues to demonstrate the value
SCWorx brings to hospitals.”
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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